Screen Shot 2018 09 28 at 12.51.55 PMNORTH HAVEN: Red Hawk Fire & Security, LLC, a provider of life safety and security solutions, has signed a long-term lease for 11,040 square feet of office and storage space at 118 Quinnipiac Avenue. The company has more than 40 locations across the US, the company relocated from Orange to the North Haven location.

Peter Shiue, CCIM, senior broker of Colliers International’s New Haven office, represented the tenant. Joel Nesson, senior advisor at Press/Cuozzo Commercial Services, represented the landlord, WTE 118 Quinnipiac LLC.

Hurley Farms Industrial Park 1OXFORD: Ed Godin Jr. SIOR of Godin Property Brokers announced thre leases at totaling at Hurley Farms Industrial Park, located at 115 Hurley Road. The Park is owned by the Hurley Group based in New Haven. Hurley owns a portfolio of commercial properties across Connecticut.

The leases included: 5,250 square feet for GRYE; 9,000 square feet to Botanical Gardens LLC; and 5,250 square feet to Better Packaging Inc.

Bruce Wettenstein SIOR of Vidal Wettenstein represented Better Packaging Inc.

Screen Shot 2018 09 27 at 11.52.45 AMWEST HARTFORD: A six building 200 unit multi-family apartment complex, Westwood Apartments at 106 Kane street, was sold for $20.85 million. The apartment complex is among the largest in town.

Constructed in 1971 as 368 rental units in nine buildings, the original Westwood development was divided into two separate parcels with four of the buildings converted into condominiums in the mid-1980s.

Screen Shot 2018 09 26 at 10.29.37 AMNEW HAVEN: A Buddhist religious center has signed a ten-year lease for a 6,600 Square foot space in downtown at 27 Church Street from 27-31-33 Church LLC [Craig Stapleton of Greenwich]. Soka Gakkai International – [USA SGI – USA], says it “is a grass-roots Buddhist organization with 12 million practitioners in 192 countries and territories. headquartered in Santa Monica, CA with regional headquarters in New York City.

Sal Comunale negotiated the lease and Brian Enright of Halloran & Sage was the attorney for the owner. Ted Schaffer of Press/Cuzzo represented the tenant. The Proto Group represented the 27-31-33 Church LLC.

Screen Shot 2018 09 26 at 10.09.19 AMWEST HARTFORD:, ArborCrowd an online platform based in NYC that enables individuals to make equity investments in “institutional-quality commercial real estate,” is offering a 200-unit apartment community the Cove West Hartford, for direct online investment on its platform.

The company says the property was acquired in an off-market transaction by affiliates of ArborCrowd, CS Acquisition Group, LLC and the sponsor of the investment. CS is a real estate owner and operator with a portfolio in the Hartford area, and AMAC–a real estate private equity firm that is part of the “Arbor family” of companies.

wind river environmental officeMONROE: Wind River Environmental has leased the remaining available space at 154 Enterprise Drive, the term of the lease was for ten years. The building was recently constructed to accommodate the owner, Eastern Land Management Company of Stamford (ELM), which needed expansion into this region of the state. ELM purchased the 6 acre parcel and constructed the 21,000 square foot building for its partial use, and had Bruce Wettenstein of Vidal/Wettenstein market the balance of the space.

“We were fortunate to find a tenant that fit the remaining available space and adapted to the design of the building.” Wettenstein said. The mezzanine with direct access off the front will house Wind River’s offices, and the main level will be for vehicle access.

westhaven aptWEST HAVEN:, An 18 unit apartment and 12 unit apartment buildings at 125 Coleman Street sold for $3.6 million. Fred Messore, senior vice president at Colonial Properties, Inc., represented the seller and Benjamin Hale of Hale Real Estate represented the buyer in the transaction. The seller’s attorney was attorney Jerome Lacobelle Jr. and attorney Lawrence Levinson; the buyer was represented by Vincent Falcone, Esq.

“This transaction demonstrates the high demand for stabilized multifamily properties in the Greater New Haven market. We had significant interest in this asset and realized a high per unit sale price for the seller,” said Michael Richetelli, president and designated broker of Colonial Properties.

STAMFORD: The former home of GE Capital will be developed as a 130-unit senior living community at 201 High Ridge Road.

National Development of Newton Fall, Mass. has submitted plans to develop the 16.5-acre property will be subdivided, and National Development’s investment partner Charles River Realty Investors plan to acquire the northern 10 acres of the site while current owners will retain the southernmost 6.5 acres.

The senior housing community will be named Waterstone at Stamford, joining two existing Waterstones currently in operation in Wellesley and Boston, Mass. Waterstone is a joint venture with Epoch Senior Living. National Development and Epoch have owned and operated over 40 senior housing developments throughout the region including Bridges at Norwalk and Bridges at Trumbull.

house bar graph arrow up2HARTFORD: As the summer closed, The Greater Hartford Association of Realtors had good news for prospective home sellers reporting that home sales volumes and prices were both up.

Closed sales of single family homes in greater Hartford increased 2.51% (from 1,274 to 1,306), according and the median sale price increased 7.14% (from $232,950 to $249,580). New listings eked out again as well increasing just under 1% (from 1,699 to 1,713), over July of last year. Inventory of for sales homes however, decreased 3.79% (from 5,492 to 5,284) during this same year-over-year timeframe.

townaptsHAMDEN: The 764 garden style apartment homes Town Walk at Hamden Hills at 100 Town Walk Drive was sold for $136.5 million. Located on a 44.9 acre site the complex was built in the early 19902 by AvalonBay Communities.

Rents range from $1,334, to $1,989 for apartments, approximately 700 to 2,000 square feet.

HK Group’s , Matthew Keefe, president and Ricardo Cordido, CCIM, vice president, were the sole brokers in the sale of Town Walk at Hamden Hills. Jones Street Investment Partners, a Boston-based multifamily investment sponsor and operator, acquired the property from an affiliate of Baker Properties, a White Plains, NY real estate developer and operator.

bbqSOUTHINGTON: The R. Calabrese Agency released information on its long-term lease to Mission BBQ at 785 Queen Street,which opened July 1. The Southington location is the first Connecticut location and the 68th restaurant for the chain, which is planning 12 more openings before the end of 2018.

Tony Valenti and Ralph Calabrese of the R. Calabrese Agency, LLC, negotiated the long term” lease for the company owned free standing 3,600 square foot restaurant situated on just under one acre.

Mission BBQ joins Chick Fil-A, Aldi Grocery Store, Hartford Health-Urgent Care, Admire Dental, and coming soon; Chipotle, Verizon Wireless and an AAA Auto Care Center at the Queen Street Plaza.

lunchbox2NEW HAVEN: Lunch Box 23, LLC, a food truck and food catering service with more than 10 years in the Greater New Haven area, leased 4,806 square feet at 280 Blake Street.

They plan on utilizing the property for catering and a restaurant. The company says its mission “is to pack as much flavor and experience into their bite sized portions as possible, while using as many farm fresh, local ingredients as they can. Eclectic, sometimes weird, but always delicious.”

Carl G. Russell, CCIM, SIOR, Sr. commercial broker for Pearce Real Estate in Milford, completed the multi-year lease Lunch Box 23, LLC and the Landlord at 280 Blake Street.280blake

Crown Point ApartmentsDANBURY: The 466 complex Crown Point Apartments has been sold for $108.5 million. The relatively new complex was built in 2007 and 2011 and developers say it offers a “collection of amenities” including two clubhouses, each with a fitness center and a swimming pool.

Jeffrey Dunne, Gene Pride and Eric Apfel of CBRE represented the owner, an affiliate of Harbor Group International, LLC (HGI), in the sale and also procured the buyer.

btx 300x203SHELTON:The new world headquarters of BTX Global Logistics opened at 12 Commerce Drive.

The $3.7 million purchase followed an “extensive” search for the 75,000 square foot facility, that will combine both the headquarters and logistics operations.

BTX renovated the property, which was formally occupied by Latex Foam creating what the company calls “a world-class ecofriendly facility.”

Chris O’Hara, senior vice president of Coldwell Banker Commercial NRT Inc., represented BTX.

BTX Global Logistics is a full-service transportation and logistics organization that specializes in time-sensitive, heavy-weight freight by air, land and sea. Additionally, BTX provides warehousing, fulfillment, and e-commerce service.

Screen Shot 2018 09 25 at 2.19.03 PMTRUMBULL: The indoor recreation industry in Connecticut continues to build out with a new baseball and softball training facility at 30 Nutmeg Drive.

D-BAT Trumbull is scheduled to open in late fall in a 20,487 square foot space in a former warehouse space. There are 76 locations nationally and the Trumbull franchise is the first D-BAT facility in the state and will be managed by Lou Bunosso.

D-BAT will offer batting cages, lessons, camps and clinics, and a shop to purchase baseball and softball equipment and apparel. The business will also offer membership packages that will reduce the cost of lessons, camps and shop purchases.

hartfordHARTFORD: The Connecticut/ Western Massachusetts chapter of SIOR presented the results of its semi-annual membership survey of commercial real estate market conditions. The survey is based on market activity for the period January through June within Connecticut and western Massachusetts.

Responses were positive and optimistic but they indicate a slowdown in momentum in early 2018. The Industrial sector continues to demonstrate “greater strength than the office sector.” The results also reflect some individual markets that continue to lag behind. Realtor responses regarding overall market conditions were split between improvement (38%), decline (32%) and no change (32%).

Predictions for the remainder of 2018 are 56% expecting no change, 31% anticipating improvement and 13% expecting a decline.

DENALI2 PIRIE
Denali's new location in Providence was designed by New Haven Architects Pirie Associates.
 denali1 piri

GUILFORD: Denali, the region’s homegrown outdoors retailer headquartered in Guilford is expanding again, opening its sixth store, in Providence, RI.

The Denali chain was ounded by the owners of Trailblazer a New Haven “outdoor” retailer located on Broadway, on the Yale Campus for more than two decades.

The first Denali was also located on Broadway but was folded into the Trailblazer store, when the company decided to open a Patagonia retailer in the Denali space.

The Broadway Trailblazer was closed this spring and a Trailblazer at the Mohegan Sun was rebranded to Denali.

kitchenNORTH HAVEN: Kitchen Advantage, LLC, will relocate their kitchen design showroom to 276-278 State Street, from their Washington Avenue location.

The company has purchased the 5,742 square foot property for $642,000. The buyer was represented by Gary G. Bookor & Associates and the seller by Stephen Press, SIOR, of Press/Cuozzo of Hamden.

The property was a free sanding building sitting on .61 acres and was vacant at the time of the sale.

440 New BritainPLAINVILLE: The Medical Office Building at 440 New Britain Avenue, a 27,685 square foot facility sold for $5.5 million. Holliday Fenoglio Fowler, L.P. (HFF) of Hartford marketed the property for the owner, Tomasso Brothers, Inc. The buyer, is Atkins Companies, a West Orange, N real estate and development company.

The transaction follows Physician Realty Trust’s 2017 $30 million purchase of the adjacent Medical Arts Building, also handled by HFF.

25 Norwich

NORTH STONINGTON: The Electric Boat Corp has signed a lease for a 125,000 square feet including 72,439 square foot high bay warehouse space at located at Eagle Park, 25 Norwich Westerly Road situated on 35 acres. The building owned by Mashantucket Pequot Tribal Nation (MPTN) also contains 53,376 square feet of office space. EB will occupy the entire building based on their expectedexpansion requirements. According to the New London Day newspaper, EB is expected to move 400 design and engineering staff to the facility.

David Rozen, CFO of MPTN said, “This agreement makes sense from a business perspective, while also supporting our neighbor Electric Boat and maintaining our commitment to the local economy.”

John Cafasso, CCIM, of Colliers International secured the long term lease.

slam merger frank webbGLASTONBURY: The S/L/A/M Collaborative (SLAM), architects with offices in Connecticut, Georgia, New York and Massachusetts announced a merger with Frank Webb Architects (FWA), located in Los Angeles, California.

According to the a release from Slam “the two companies share a passion for innovation, technology and creativity and have a strong culture rooted in delivering long-term value to their customers.”

The merger, was finalized on September 1.

The Digital Magazine
of AIA Connecticut

SEPTEMBER 2018
In this issue:

  • Building the Future of AIA Connecticut
  • Member Spotlight: Hoffmann Architects
  • Corporate Allied Spotlight: Bender
  • 2018 CAF Scholarship Winners!
  • AIA Connecticut Conference & Expo!

 

aiaarchtype

   

 

 

guilfordGUILFORD: Pearce Commercial Real Estate’s Joel Gavin sold a 13,440 square foot building at 405 Church Street for $1.8 million. The property was marketed as a “medical office building”, and includes several medical offices, it also includes Sightlines, a college campus facilities management company.

Galvin represented the seller, 405 Church Street Associates, LLC, and also represented the buyers, Sherman Parkway, LLC and Farmington Properties LLC. The property was purchased as an investment.

Mayne Chris CroppedGLASTONBURY: GZA GeoEnvironmental, Inc., has added Branford resident Christopher Mayne as an Environmental Health and Safety (EHS) Project Manager in GZA’s Glastonbury office.

The company says, Mayne “has more than 20 years of experience in the EHS/compliance field, bringing a unique combination of environmental and safety expertise. Working with clients in diverse industries, he conducts risk assessments and process audits for worker health and exposure control methods. He also conducts employee training on varied EHS topics. Additionally, Mayne’s experience includes source water management for reservoirs and lakes.”

darter2
darter

CHESHIRE: Darter Properties, LLC purchased the 12,875 square foot industrial / flex building at 500 Cornwall Avenue adjacent to its existing property. Darter paid $470m,000 for the space and will use it for expansion.

Darter Properties is owned by Darter Specialties at 470 Cornwall Avenue. The company sells custom specialty items including custom sportswear, school uniforms, banners and signs, promotional items and printed forms.

The company also provides “partners,” with custom websites to sell promotional items under their own brands.

Toby Brimberg of O,R&L Commercial in Branford represented the seller, Cornwall Properties LLC and was the only broker involved in the sale.

Shamas Amar GilbaneBy Amar Shamas, Gilbane Building Company

In a few short months, the people of Connecticut will choose their next governor. The viewpoint and policies of the victorious gubernatorial candidate, of which there are currently seven, will have a great impact on the state’s welfare, as well as the amount and type of construction work to occur in the state for years to come.

Founded in 1952, the Connecticut Building Congress (CBC) annually holds a series of brainstorming sessions with leaders from a diverse group of Connecticut design and construction firms to identify trends in our industry. With reduced public spending in-state, we are seeing many Connecticut AEC firms expanding their private sector portfolios and pursuing work in neighboring states. Advocates for the state’s return to glory, Connecticut firms remain well-tooled and at the ready to expand efforts in Connecticut once again. To learn more information about these and other trends, check out the CBC Program Calendar (www.cbc-ct.org/CBC_Event_Calendar).

Dan crop to fit
BOND'S Ramos Expands New Haven Team

NEW HAVEN: BOND, A Boston based building, civil, utility and energy construction firm has expanded and its New Haven office. A BOND release says it adds a “team of professionals to service traditional Building Division clients in the education, healthcare and district energy markets.” The company cites new business project “wins” from the University of Connecticut (UCONN) and Yale University.

 Screen Shot 2018 08 28 at 8.41.49 PM

HARTFORD: Continuing good news for home sellers and Realtors Single-family home sales in Connecticut increased in July on a year-over-year basis. Price improvement was also part of the story as the median sale price hovered at a five-year high, according to the latest report from The Warren Group, publisher of The Commercial Record.

A total of 3,942 single-family homes were sold in Connecticut last month, compared to the 3,686 homes sold in July 2017 – a hefty 7 percent increase. The median single-family home price increased 4.1 percent on a year-over-year basis to $280,000, the median sale price remained unchanged from June.

Screen Shot 2018 07 30 at 10.36.43 AM

HARTFORD: Cushman and Wakefield’s Hartford Office released its Qtr 2 real Esate review for the Hartford Office Market. While the report points to a stronger economy with reducing unemployment, segments of the market continue to struggle. The Harford suburban office market is seeing negative absorption and weaker per square foot lease rates.

Overall vacancy for the region continues to be running in the negative as well. On the good news bad news front, the Central Business District is seeing positive growth, but according to Cushman it is coming at the expense of suburban properties, not new growth.

EastHamptonBy Town of East Hampton

EAST HAMPTON: In June the town council took an important first step in preserving and protecting its historic Village Center with the implementation of a Tax Increment Financing (TIF) District. The TIF District plan will allow the town to set aside increased revenue generated through property taxes within the district in order to perform projects that directly benefit the Village Center area with the goal of promoting growth, redevelopment and creating an inviting atmosphere in the historic downtown.

East Hampton, known colloquially as Belltown, was once home to several bell and toy manufacturers, all of which were nestled in the Village Center, originally drawing on water power from nearby Lake Pocotopaug. Beginning in the 1970s, changes in the manufacturing industry resulted in the loss of all but one bell manufacturer to date. Several large historic mill buildings sit, blighted, vacant or underutilized throughout the area. TIF is a method used to catalyze economic development through anticipated future increases in property tax revenues to generate incremental revenues to help pay for costs within the district.

Putnam CY

The Y is Q's First Tenant

 

By Putnam Economic Development

PUTNAM: n the true spirit of community, the Quinebaug Regional Technology Park (The Q) is a regional economic development initiative between the towns of Brooklyn, Pomfret, Putnam and Scotland. Strategically located in the Tri-State, including Conn., Mass. and R.I., The Q is a 267-acre technology park accessed directly off I-395 at Exit 45. 

Suited to support industry sectors such as aeronautics, plastics and medical devices, the site further supports the growing sectors of agritourism and ecotourism, like breweries and soap making. Amenities of The Q include The Hale YMCA Youth and Family Center, the Q’s first tenant, which offers two swimming pools, a whirlpool, exercise room, fitness classes, member child-care and many other health and wellness amenities. 

A farmers’ market is less than a half mile away which is adjacent to a dog park. The Q also offers access to the Putnam River Trail, a two mile-long biking and walking trail winding its way along the Quinebaug River, through Rotary Park and into historic downtown Putnam. The River Trail features a canoe launch, bike repair station and runs behind Rotary Park’s bandstand, which hosts several outdoor events and concerts. 

The Q is being developed and sold in phases with several lots in Phase I still available for sale.  

With a downtown packed with award-winning dining options, specialty shopping, arts venues, theaters, a well-known antiques section as well as year-round events, festivals and activities, it is no wonder that the town of Putnam was recently named “One of the Best 15 Small Towns to Visit in New England” by Boston Magazine. Putnam is a small town with a big attitude!

POM 616 New ParkWEST HARTFORD: What developers ae calling “a pioneering mixed-use community,” located next to the new CTFastrak “rapid transit stop,” 616 New Park hopes to attract “everyone from millennials to seniors.”

The 54-unit project, has one and two-bedroom units, and is priced both at market rate and at rates attractive to a workforce earning at or below 60% of the area’s median income. Eleven units are designated as supportive housing for veterans.

Retail space is available on the ground floor, cost for the project was $15.6 million.

The "pet friendly" apartment rents range from $1600-$2300 per month.

Screen Shot 2018 07 30 at 9.37.21 AMHAMDEN: An $8.7 million price tag was made for a 30 unit [130 bed] Hamden apartment building adjacent to Southern Connecticut State University campus.

The buyer was 1160 Silas Deane Company, LLC [433 South Main Street, West Hartford] and the seller was by One Hundred Ninety Pine Rock Avenue, LLC.

Ralph Lewis of CW Commercial Real Estate [a subsidiary of Calganini] represented both sides of the off-market sale. This transaction marks the second sale of this property by Lewis, who represented both buyer and seller in August of 2015 when it traded for $7.6 million.

JCPenneyMANCHESTER: Winstanley Enterprises, LLC of Concord, MA has acquired the two million square J.C. Penney distribution warehouse facility located at 1339 Tolland Turnpike for $70 million from J.C. Penney.

Winstanley Enterprises says it plans to renovate the interior and exterior of the facility and transform the location into a bulk warehouse and distribution center.

“This facility is one of the largest distribution warehouses on the Eastern Seaboard, and we are very excited to breathe new life into the property,” said Adam Winstanley, a principal of Winstanley Enterprises. “We look forward to working closely with the community, creating new local jobs and offering distribution tenants a top-tier facility centrally located here in Manchester.”

Madden Thomas Stamford 1By Thomas Madden, AICP, 

Director of Economic Development, Stamford

Stamford is preparing to be the city of tomorrow through a repeating $2 million implementation grant for the next five years by CTNext, the state’s business development entity. The award is helping to develop the city’s “Innovation Playground” through investment into projects that support Stamford’s “Smart Cities” movement and in partnership with private companies such as Harman International Industries, Frontier Communications, Synchrony Financial, AT&T, Local Motors, Navya and public entities including UConn, CTDOT, the Stamford Partnership,Fairfield County Business Council,Downtown Special Services District, and BLT. These partners envision Stamford as an intensely collaborative, walkable, digitally enabled city, connected to NYC and to other major Connecticut cities through technology and support both small and large business in entrepreneurship and innovation pipeline.

kubtecSTRATFORD: Kubtec Digital X-Ray has purchased a freestanding building at 111 Research Drive for $1.045 million. The building, on 0.67 acre, encompasses 10,216 square foot and includes a loading dock.

Founded in 2005 in Milford, Kubtec Digital X-Ray, a registered trademark of KUB Technologies Inc., is a research based organization that develops digital x-ray solutions for medical, research and industrial applications.