Market
Cheshire Historical Building Sold to Norwalk-based Credit Union
Per the Hartford Business Journal, A historic building in Cheshire that was previously converted into office space, was recently sold for $900,000 to Sound Federal Credit Union. The property at 219 South Main St. encompasses 1.2 acres, features a vault, drive-thru lanes, nearly 4,000 square feet of professional office space, and 30 on-site parking spaces. The credit union plans to use the building for a full-service lending subsidiary offering a range of financial services.
To read the full article, click here: (Updated) Norwalk-based credit union buys landmark building in Cheshire for expansion
East Hartford Retail Plaza Sells for $2.1M
According to the Hartford Business Journal, A retail plaza in East Hartford, spanning 12,494 square feet on 1.1 acres at 36 Main St., was sold for $2.1 million to a New York-based company. The property, previously acquired for $600,000 in 2019, is currently fully leased to various businesses, including a medical spa/hair salon and a fitness center. This marks the buyer’s first venture outside the multifamily rental market, facilitated by a 1031 exchange from the sale of a property in New York.
Click Here: East Hartford retail plaza near Glastonbury line fetches $2.1M for more information.
Large Retail Project Announces Anchor Tenants in Cheshire
According to the Hartford Business Journal, Regency Centers purchased a 17.4-acre parcel of land which will be home to the Cheshire Crossing. The parcel, appraised at $2.4 million, will feature a 152,000-square foot shopping center anchored by Whole Foods Market and a 23,000 square-foot TJ Maxx store. Additionally, the master-planned community will include townhomes, multifamily units, and a Homewood Suites hotel at the intersection of Route 10 and Interstate 691.
Click Here: Regency buys Cheshire land for Stone Bridge Crossing retail project; confirms Whole Foods as tenant for more information.
64K SF INDUSTRIAL SALE IN HARTFORD CT
Sentry Commercial is pleased to announce that The Hartford Rescue Mission, Inc. has sold 650 Windsor Street, Hartford CT to Kothari Capital, LLC. The 63,780 SF warehouse on 1.79 acres sold for $650,000.
Sentry Commercial represented the seller in this transaction.
Apartments Proposed for Newington Shopping Plaza
According to the Hartford Courant, a developer has proposed to build 273 new apartments in Newington, by demolishing a shopping plaza on Lowrey Place. The project would cover 10 acres of land and offer studio, one-bedroom and two-bedroom units, some of which would be affordable or reserved for seniors. The town planners suggested adding more retail space to the plan, as they were concerned about losing local businesses and the walkability of the area.
Click Here: With 1,000 apartments on the way, CT town balks at proposed 273-unit plan for more information.
Office Building in Farmington Sells for $1.1M
Per the Hartford Business Journal, Five Goats LLC recently purchased an 8,100 square-foot office building in Farmington for $1.1 million. The property, located at 128 Garden St. was sold by D& D FARMINGTON LLC.
To read the full article, click here: Farmington office building sells for $1.1M
Wallingford Office Building Sells for $3.46M
According to the Hartford Business Journal, Guilford Savings Bank’s recently purchased a Wallingford office building. The bank bought the 34,500-square-foot building at 95 Barnes Road for $3.46 million. The building, which had been Edible Arrangements’ regional headquarters, sits on 4.5 acres of land.
Click Here: Guilford Savings Bank buys Edible Arrangements’ former Wallingford HQ; new operations center planned for more information.
Manufacturing Facility in Newton to Close
According to the Hartford Business Journal, A packaging company based in Québec, Canada, announced that it will shut down its plant located at 1 Edmond Rd., in Newtown by late April 2024. The closure will affect 71 workers, some of whom are unionized. The company cited market conditions, high operating costs, outdated technology and the need for major investment as the reasons for the decision. The company also plans to close two other plants in Ontario, Canada.
Click Here: Newtown manufacturing facility to close, cutting 71 jobs for more information.
Stratford Retail Plaza Sells for $24.65M
According to the Hartford Business Journal, A shopping center in Stratford with 115,000 square-feet of space and a Big Y supermarket as its anchor store, was sold for $24.65 million to a Massachusetts-based company. The plaza, located at 355 Hawley Lane, is 93% occupied by various retail tenants. The new owners plan to keep the current tenants and make some upgrades to the property.
Click Here: CT retail plaza sells for $24.65M; buyer eyes property upgrades for more information.
27-acre Site in Windsor Sold for $1.9M; 185,000SF Logistics Building Planned
Per the Hartford Business Journal, Condyne Capital Partners recently bought nearly 27 acres of land in Windsor for $1.9 million. The land is located at 205 Baker Hollow Road and is planned to be part of Condyne’s Baker Hollow Logistics Center, which aims to provide modern and efficient warehouse space. Condyne plans to build a large industrial building on the site, which will feature high ceilings, multiple dock doors, and trailer parking spaces.
Click Here: Mass. developer Condyne buys 27-acre Windsor site for 185K-sq.-ft. logistics building for more information.
Commercial Building in Orange Sells for $1.5M
According to the Hartford Business Journal, A commercial building on Boston Post Road in Orange was recently sold for $1.55 million to an investment group from Trumbull. The building has 7,450 square-feet of space and two retail tenants. The seller is also developing another commercial property on Boston Post Road, which will be a medical center with 24,000 square feet of space.
Click Here: for more information: Boston Post Road commercial building fetches $1.5M; seller eyeing new $10M development nearby
West Hartford Office Building Sells for $1.5M
According to the Hartford Business Journal, A three-story office building in West Hartford was sold for $1.49 million to a New Haven-based buyer. The building, located at 67 Prospect Ave., has 20,358 square-feet of space and sits on 0.6 acres. The seller, Mercedes Properties LLC, had bought the property in 2012 for $690,000. The largest tenant, an IT company, renewed and extended its lease as part of the deal.
Click here for the full article: Owner of Anthony’s Ocean View in New Haven pays $1.5M for West Hartford office building
12,500 SF New to Tolland CT Industrial Market
Sentry Commercial is pleased to offer 12,500 SF for lease at 211 Hartford Turnpike, Tolland CT. With multiple drive-in doors, abundant parking, and heavy power capabilities, this versatile space is ideal for various industrial and commercial uses.
Click here: 211 Hartford Turnpike, Tolland CT for more information.
Industrial Property Available in Berlin CT
Sentry Commercial is pleased to offer 211 Kensington Road, Berlin CT for sale. This 2,500 SF freestanding industrial property features two drive-in doors and clear span warehouse space. Situated on one acre, this property is ideal for a variety of users.
Click here: 211 Kensington Road, Berlin CT for more information.
Office Sale in West Hartford CT
Sentry Commercial is pleased to announce that 805 Farmington, LLC has sold 805 Farmington Avenue, West Hartford CT to R&M Properties, LLC. The 3,632 SF fully leased office building sold for $627,500.
Sentry Commercial represented the seller in this transaction.
27K SF New to Haddam CT Industrial Market
Sentry Commercial is pleased to offer 1586 Saybrook Road, Haddam CT for sale. This 27,465 SF industrial facility on 3.60 acres is an appealing option for a wide variety of users.
Click here: 1586 Saybrook Road, Haddam CT for more information.
15K SF Flex Building Available in Glastonbury CT
Sentry Commercial is pleased to offer 41 Sequin Drive, Glastonbury CT for sale. This is an attractive income producing flex facility with exceptional clear height up to 20′ clear. Ideal for investors and owner occupants.
Click here: 41 Sequin Drive, Glastonbury CT for more information.
Hamden Industrial Property Sold for $650,000
Per the Hartford Business Journal, a Branford-based construction company recently purchased a 7,200 square-foot industrial flex property in Hamden Business Park. The property, located at 4 Industrial Circle, sits on nearly 1-acre and was sold by Fourin LLC for $650,000.
Click Here: Branford construction company buys Hamden industrial building for more information.
CT Bar Association Announces New Lease in Meriden
According to the Hartford Business Journal, the Connecticut Bar Association recently announced they’ve leased 8,364 square-feet of office space at 538 Preston Ave., in the Meriden Executive Park. The CBA sold it’s 26,324-square-foot office building at 30 Bank St. in New Britain last June for $900,000.
Click Here: Following New Britain HQ sale, CT Bar Association finds new home in Meriden for more information.
Cheshire Office Building Sells for $4.1M
Per the Hartford Business Journal, a five-story, 55,154-square-foot office building in Cheshire, was recently sold for $4.1 million. The property sits on 3.95-acres at 609 West Johnson Ave. and was purchased by Cheshire Equities LLC.
Click Here: Five-story Cheshire office building sells for $4.1M for more information.