According to the Hartford Business Journal, Compass Self Storage, affiliated with Cleveland-based Compass Self Storage, purchased a nearly 21-acre self-storage facility in Torrington for $14.56 million. The property at 260 and 300 Technology Park Drive includes nine self-storage buildings ranging from 3,300 to 29,305 square feet, and six buildings on the abutting property ranging from […]
Market
According to the Hartford Business Journal, the Connecticut Sports Group has proposed a $1.6 billion waterfront development in Bridgeport, including a professional soccer stadium. The project, which could generate up to $3.4 billion in economic output, features two scenarios: a 10,000-seat stadium generating $2.2 billion and a 22,000-seat stadium generating $3.4 billion. The development also […]
According to the Hartford Business Journal, a 124,000-square-foot collection of retail properties in the downtown “Storrs Center” near the University of Connecticut was sold for $40.25 million. SCT Storrs Center I LLC sold the commercial portions to 1266 Storrs Road LLC. The sold property includes a grocery-anchored plaza at 1206-1220 Storrs Road and additional commercial […]
According to the Hartford Business Journal, Governor Ned Lamont proposed a $50 million state fund to support the conversion of vacant commercial properties into new uses. The Greyfield Revitalization program, part of the proposed capital budget, aims to provide gap financing for projects transforming empty office buildings and retail strip malls across Connecticut. The budget […]
According to the NEREJ, an office building at 8 Lowell Rd. in West Hartford sold for $662,000. The property spans 3,552 square feet across three stories on 0.32 acres and was purchased by SSW Real Estate LLC. The new owner, operating as Stepping Stone Wealth, will relocate from their previous location at 57 N. Main […]
According to the Providence Business News, an industrial building located at 2650 Warwick Ave. in Warwick was sold for $425,000. The 2,400-square-foot property, previously home to Dennis Diffley Drain Services Inc., includes a one-port car garage and sits on 0.77 acres of land. Constructed in 1940, the building was sold by Carden Investments LLC to […]