According to the Hartford Business Journal, Plaza West, a 92,319-square-foot office building at 100 Mill Plain Road in Danbury, sold for $3.9 million, or roughly $42 per square foot. The buyer was CRD LLC, while the seller was 100 Mill Plain Investors LLC, which had acquired the property for $12.4 million in 2015. At the time it was marketed for […]
Market
According to the Hartford Business Journal, Electric Boat’s expansion and goal of hiring 8,000 workers in 2026 are intensifying housing demand across Groton, New London, and Waterford, with regional studies suggesting southeastern Connecticut could need as many as 18,000 additional housing units by 2035. Click Here: Electric Boat’s expansion fuels housing push in southeastern CT for more information.
According to the Hartford Business Journal, a 30,255-square-foot office building on Farmington Avenue in Hartford’s West End sold for $1.55 million. The property was acquired by an LLC affiliated with a St. Francis Hospital physician and a partner and is occupied by two long-term tenants. Click Here: 30,255-square-foot Hartford office building sells for $1.55M for more information.
According to the Hartford Business Journal, LAZ Investments remains bullish on downtown Hartford, viewing today’s depressed office values as an opportunity to invest ahead of a broader recovery. The firm’s recent activity includes a partnership acquisition of the 420,000-square-foot Stilts Building at 20 Church St. for $8.25 million, along with continued investment in One Financial Plaza, […]
According to the Hartford Business Journal, Goodwill Industries of Southern New England acquired a 123,309-square-foot industrial facility at 385 Long Hill Road in Guilford for $10.8 million to support its regional operations. The property sits on approximately 20.5 acres and was sold by Seidman Guilford Realty LLC. Click Here: Goodwill buys Guilford industrial property for $10.8M for more information.
According to the Hartford Business Journal, Schonline Windows & Doors acquired the industrial property at 9 Heritage Park Road in Clinton for $2.55 million from Seidman Realty LLC to expand its U.S. operations. The property contains approximately 41,825 square feet on 4.12 acres and was vacant at the time of sale. Click Here: NYC window and door company buys […]