According to the Hartford Business Journal, the 420,000-square-foot Stilts Building at 20 Church St. in Hartford sold for $8.25 million, representing an approximately 81% decline from its $44.4 million sale price in 2014. The property was transferred from Shelbourne CT LLC to LS Stilts LLC and Olymbec Stilts LLC, following an acquisition by a partnership […]
Market
According to the Hartford Business Journal, The City Trust Collection, a mixed-use apartment property occupying a full city block at 955 Main St. in downtown Bridgeport, sold for $21.5 million after being marketed for approximately 17 months. The seller was Time Equities Inc., which had acquired the asset for $13.5 million in 2019, while the […]
According to the Hartford Business Journal, a warehouse property at 200 Long Beach Blvd. in Stratford sold for $4.5 million to FIVF-IV-CT1 LP, a Delaware limited partnership affiliated with industrial real estate investment firm Faropoint. The asset contains approximately 49,565 square feet of industrial space and is positioned in a desirable Fairfield County infill market […]
According to the Hartford Business Journal, West Shore Home has expanded into Connecticut by opening a new location at 75 Brainard Road in Hartford and plans to hire between 60 and 100 employees. West Shore Home cited strong renovation demand driven by the Hartford region’s aging housing inventory, noting that roughly 72% of local homes were […]
According to the Hartford Business Journal, a partnership consisting of LAZ Investments, Greenwich Realty Partners, and Olymbec acquired the 420,000-square-foot Stilts Building at 20 Church St. in downtown Hartford, bringing an end to a foreclosure case that had been ongoing since 2022. Click Here: LAZ-led investment group acquires Hartford’s Stilts Building, ending foreclosure for more […]
According to the Hartford Business Journal, Greenwich Medical Center, a 106,092-square-foot medical office campus located at 75 Holly Hill Lane in Greenwich, sold for $65 million. Healthcare Realty Trust Inc. acquired the property through a joint venture with KKR, while Benedict Realty Group was the seller. The Class A medical campus was renovated in 2016, […]