According to the Hartford Business Journal, M&T Bank is selling a $31 million non-performing loan backed by the 555 Long Wharf Drive office building in New Haven. The 15-floor, 418,595-square-foot building, owned by Fusco Corp., is 43.2% occupied and has struggled with vacancies since the pandemic. The loan, originally issued by People’s United Bank, matured last […]
Market
According to the Hartford Business Journal, Muse Coworking Collective has opened a collaborative workspace at 275 Maple Ave., Cheshire. The 3,000-square-foot historic building, purchased for $370,000 in 2021 by Moxie Properties LLC, underwent $150,000 in renovations. The space offers various booking options, including daily and weekly reservations, and features small conference and meeting rooms. The building, originally […]
According to the Hartford Business Journal, The Milford Bank plans to close its commercial loan production office at 142 Temple St., New Haven, in July, pending state approval. Despite increased lending in New Haven, the office has seen less in-person use since 2020, with clients preferring digital meetings. The closure will not result in staff […]
Sentry Commercial is pleased to present 126 Quinnipiac Avenue, North Haven CT for lease. This 16,000 SF warehouse building is equipped with 8 loading docks, 6 levelers, 1 drive-in door, and is up to 22′ clear. The property offers immediate access to I-91 and ample room for parking and/or outside storage. Click here: 126 Quinnipiac […]
Sentry Commercial is pleased is announce that 11 Kenny Roberts, LLC has leased 4,800 SF of industrial space at 11 Kenny Roberts Memorial Drive, Suffield, CT to Revampit, LLC. Sentry Commercial represented the landlord and SR Commercial Realty, LLC represented the tenant in this transaction.
According to the Hartford Business Journal, WBCM LLC acquired a property at 1012 Buckingham St. in Watertown from Prime Engineered Components Inc. for $2.7 million. The property, spanning 37,400-square-feet of light industrial warehousing space on 6.6 acres, is situated in a key industrial area of Watertown. i2Systems, an advanced LED lighting company headquartered in Morris, […]