SALES

 

Hamden Land Sale

HAMDEN –– Acquisition Holdings, LLC has purchased 2.44 acres of land at 1717 Dixwell Avenue for $720,000 at an online auction. The Proto Group represented the buyer. Ken Ginsberg of NAI Elite represented the seller, Hamden Pond LLC. 

 

Historic Apartments Sold

HARTFORD –– Clemens Place Apartments, a 597-unit multifamily complex at 16 Owen Street, has been sold for $29.5 million.

Institutional Property Advisors (IPA), a New Haven-based multifamily brokerage division of Marcus & Millichap, brokered the sale of the 1920s-style community, which is sited on a 17-acre site with two commercial spaces in 42 renovated buildings. Thirty-one of the buildings are on the National Register of Historic Places.

IPA executive directors Steve Witten and Victor Nolletti advised the seller, Intown West Associates Limited Partnership and Westtown, LLC. The buyer is UOB Eagle Rock Multifamily Property Fund LP.

Witten says the complex is “the largest historic housing rehabilitation development in New England.”

 

LEASES

 

 Where There’s Smoke

NEW HAVEN –– Khawaja Sheraz has leased 1,364 square feet at 118 Grand Avenue for Smoker's Market 2, a convenience store. Kristin Geenty of the Geenty Group, Realtors, represented the tenant. Barry Stratton of the Geenty Group represented the landlord, Three Brothers, LLC.

 

Ecuadorean Consulate Re-Ups…

NEW HAVEN –– The Consulado de Equador has renewed its five-year option for 4,400 square feet at One Church Street. Coldwell Banker represented the tenant. The Proto Group represented the landlord, One Church Street Associates.

 

...And So Does Yale

NEW HAVEN –– Yale University extended its lease for five years for 11,065 square feet at One Church Street for its School of Medicine C.O.R.E. program. The Proto Group represented the landlord. Yale did not use a broker.

 

Let the Sunlight In

NEW HAVEN –– Sunlight Solar has relocated from Milford to 90 Hamilton Street, signing a one-year lease for approximately 5,000 square feet. Dan Britton found the space, after a two-year search, on Craigslist.com, and negotiated a deal with the landlord, Christopher Syvertsen of Lincraft Contracting & Development Inc. “I tried working with brokers numerous times,” Britton says.

 

Drywaller to No. Haven

NORTH HAVEN –– D. Snead Drywall, LLC has leased 4,000 square feet at 459B Washington Avenue. Marty Ruff of Levey Miller Maretz represented both the tenant and landlord, Mais Realty LLC.

 

Steaking a Claim in Orange

ORANGE ­­–– Prime 16 Tap House & Burgers has leased 5,000 square feet at 464 Boston Post Road for its second location. Mike Richetelli and Fred Messore of Colonial Properties were the sole brokers. The landlord is Leveraged Equities, LTD. Most recently occupied by Mark Barry’s, the space is being renovated for a May 1, 2013 opening.

 

 Doubling Down in Rocky Hill

ROCKY HILL ––  NIC Systems has expanded from 5,000 to 10,000 square feet at 51 Belamose Avenue with the recent lease of an adjacent 5,000 square feet. The Proto Group represented the tenant. Cushman and Wakefield represented the landlord, Hampshire Properties.

 

Sign of the Times

WATERBURY ––American Sign of New Haven has leased  1,423 square feet at the CVS/Aldi anchored plaza at 464 Reidville Drive for a new retail store. The Proto Group was the sole broker. The landlord is 500 Monroe Turnpike Associates.