A California investor paid $7.6 million for a 120-bed student-housing complex in Hamden, brokers say.
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A California investor paid $7.6 million for a 120-bed student-housing complex in Hamden, brokers say.
Cyrus Boga, of Danville, Calif.-based Campus Partners LLC, on Aug. 14 bought the 30-unit 190 Pine Rock Ave. apartments, adjacent to the Southern Connecticut State University campus.
Each apartment has four bedrooms to accommodate roommates who can share costs.
4857 RR LLC, of Fairfield, and 4857 PD LLC, of Trumbull, sold the complex that has been popular since being built in 2012, according to Cheshire brokerage Calcagni Commercial, the deal's exclusive broker. Phil DiGennaro is the sellers' managing member.
Parsons' DBK lease
Parsons Buick, one of Plainville's oldest car dealerships, has struck a landlord-tenant deal with a local jeweler that the property owner says benefits both.
Second-generation co-owner John Parsons says the family dealership leased to 15-year-old DBK Family Jewelers half the 5,400 square feet in a section of a small strip mall at 165 East St. that until recently was Parsons Buick's new-car showroom.
New cars are now back on the same 151 East St. building housing parts, service and used-car sales and where John Parsons' father formally debuted his Parsons Buick dealership in 1948.
DBK, which moved in late July, had been about four blocks away, at 41 East St. DBK owner Ted Rahaim signed a 10-year lease, with a renewal option, effectively doubling his sales floor.
The remaining 2,700 square feet in the building with DBK is available for tenancy, Parsons said.
Rocky Hill's O,R & L Commercial is leasing agent.
CT Elite Baseball relo
Connecticut Elite Baseball Inc. has leased 6,120 square feet at 29 Kripes Road in East Granby's Airport Business Center, to relocate its training, clinic and camp operations from Simsbury, brokers say.
Connecticut Elite was previously housed at 836 Hopmeadow St. in Simsbury.
CT Elite Baseball also is home to the Northern CT Mustangs travel baseball team.
Sentry Commercial represented both tenant and landlord Airport Business Center III LP in lease talks.
Nest Egg Auctions' relo
Family-run Nest Egg Auctions has relocated from Meriden into larger, more centralized quarters in Berlin.
The Brechlin family's enterprise started out more than 15 years ago in various Meriden locations, including Grange Hall and later into a 12,000-square-foot gallery.
Nest Egg's new home covers 10,000 square feet at 758 Four Rod Road, the same building in which landlord Ken Sheppard also runs his separate Auction It Today company.
Nest Egg auctioneer/co-owner Ryan C. Brechlin said the larger space can accommodate not only its 14 full- and part-time staffers, but more auction inventory as well as more bidders for its antiques and fine-arts auctions.
Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.
Gregory Seay is the Hartford Business Journal News Editor.
