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, Prospector recently leased a 5,000-square-foot space at Nod Hill Brewery, 137 Ethan Allen Highway, Ridgefield, to build a full-scale popcorn factory. The factory, leased from Riverside Real Estate LLC for five years, will contain various machines to produce flavored popcorn, increasing Prospector’s annual popcorn revenue from $250,000 to $1 […]
According to the Hartford Business Journal, Kempner Properties acquired six shopping centers in Connecticut and Rhode Island for $30.75 million. The portfolio totals 126,299 square feet and is 92% occupied, with Town Fair Tire leasing 40% of the space on triple net leases. The shopping centers include properties at 248 West Main Street in Avon, […]
According to the Hartford Business Journal, a New York-based investment company plans to spend up to $1.75 million on renovations for a 112,000-square-foot warehouse located at 555 Nutmeg Road North, South Windsor. The property, bought by Snowball Developments, requires upgrades to its loading access, expansion of parking, and outdoor storage to accommodate its tenant, U.S. […]
According to the Hartford Business Journal, a Rocky Hill investor recently purchased The Andrews, a 20-unit apartment building at 132 Main St., New Britain, for $4.5 million. The 26,975-square-foot building, which underwent a $4.3 million renovation, features first-floor restaurant space and is fully occupied. Vina Andrews LLC, the winning bidder, was one of 239 potential […]
According to the Providence Business News, plans for a $70 million development project on former Interstate 195 land in Providence, anchored by a new headquarters of Bank Rhode Island, have been halted. The project, which was to include 58,000 square feet of office space for the bank, faced challenges due to higher interest rates and […]
According to the Hartford Business Journal, Baywater Properties is expanding Darien’s office space by 105,968 square feet as part of The Corbin District’s $165 million second phase. The mixed-use development on 7 acres downtown will feature 11 new buildings, including office space, 112 apartment units, and 78,810 square feet of retail space. The office space […]
Market Reports
