Market Insights
From major acquisitions and new developments to shifting trends and standout deals, we bring you fresh updates, local stories, and expert takes on the commercial real estate moves shaping our region. Whether you’re tracking the latest transactions or just curious about what’s next, we’ll keep you in the loop with news that’s timely, relevant, and easy to digest.
According to the Hartford Business Journal, an investment LLC affiliated with Calco Construction & Development acquired the former Crystal Bees entertainment complex at 240 Spring St. in Southington for $2.7 million, with Sentry Commercial representing the seller. The property includes a 32,584-square-foot building on 2.29 acres featuring a 16-lane bowling alley, three bars, commercial kitchen, restaurant space and arcade. […]
According to the Hartford Business Journal, Berkley Insurance received approval to demolish and replace its 95,550-square-foot, four-story headquarters at 475 Steamboat Road in Greenwich. The replacement will maintain roughly the same size, footprint, height and four-story configuration while adding a 79-space underground parking garage. The all-electric building is targeting LEED Gold certificationand is projected to consume more than 20% less […]
According to the Hartford Business Journal, Freightliner of Hartford is proposing a 54,960-square-foot expansion of its 20,929-square-foot truck repair, parts and service facility at 199 Roberts St. in East Hartford. The project would increase the building to approximately 75,889 square feet on 7.1 acres, more than tripling its existing footprint. Click Here: Freightliner dealer proposes 55K-sq.-ft. expansion of East Hartford truck parts […]
According to the Hartford Business Journal, High Tide Capital is planning a $28 million redevelopment of the historic The Day newspaper headquarters in downtown New London. The project will convert the property into 68 apartments while incorporating commercial space and a museum recognizing the building’s newspaper history. Click Here: Developer details plans for historic ‘Day’ headquarters in New London […]
According to the Hartford Business Journal, an investor group led by Mountain Development Corp. secured a $22.5 million permanent mortgage from Bank of Montreal for Harbor Square, a 165,114-square-foot multi-building office campus at 700 and 850 Canal St. in Stamford. Click Here: Stamford office campus secures $22.5M mortgage for more information
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 […]
