Vernon’s Mount Vernon Apartments recently underwent a $10.55 million refinancing with a New York lender.
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Vernon's Mount Vernon Apartments recently underwent a $10.55 million refinancing with a New York lender.
Owner Chapman Acres LLC on Feb. 9 closed its refi of the property at 1120 Hartford Turnpike, in the town's Rockville section, with a seven-year, 3.61 percent fixed-rate Freddie Mac mortgage through Berkadia Commercial Mortgage LLC.
Berkadia is a venture between Berkshire-Hathaway and Leucadia National Corp.
Mount Vernon's one- and two-bedroom units feature fully equipped kitchens, wall-to-wall carpeting, ceiling fans and air conditioning.
The property was fully leased at the time of loan closing, and 100 percent occupied at the time the loan was secured, Berkadia Senior Managing Director Stewart Campbell said.
$600K Colchester sale
A former Colchester auto dealership property has sold for $600,000, brokers say.
Camryn Realty sold the 1.85-acre parcel, with a 15,000-square-foot commercial building that previously housed Colchester Chevrolet and before that, Jack's Chevrolet Pontiac Oldsmobile, to RG Land Development LLC, according to exclusive broker O,R&L Commercial, who said it brought the buyer to the table.
$1.5M Newington listing
The 0.71-acre retail site of a former Mobil self-service gas station/mini-mart on Newington's Berlin Turnpike is for sale at $1.5 million, brokers say.
The property at 3191 Berlin Turnpike/Route 5-15 is across the street from Bob's Discount Furniture, and in the shadow of Target, Lowe's and Walmart.
Reno Properties Group LLC has the listing.
West Hartford vacancy
Blocks of West Hartford office space totaling as much as 4,300 square feet are available for lease, brokers say.
Units with space beginning at 500 square feet are available for immediate occupancy at 967 Farmington Ave., according to listing broker Sentry Commercial.
Cheshire properties sell, lease
Cheshire's Highland Industrial Center is the scene of a pair of property transactions, brokers say.
Unit 8, a 4,300-square-foot space in the property at 1486 Highland Ave., sold for $305,000. Evan Cohen, of Aercon Corp., a heating, ventilation, air conditioning representative for Connecticut and Massachusetts, bought the space from Cavalry Life Family Worship Center.
O,R&L Commercial LLC represented Aercon; Perella Realty represented Cavalry Life.
Next door, the 4,728-square-foot Unit 6 was leased to Environamics, an interior specialty contractor. O,R&L represented the tenant; Giglio Commercial Real Estate represented landlord Randall Raines.
Wallingford Business Park space
The Wallingford Business Park has available for lease more than half its 389,000 square feet of industrial and office space, brokers say.
The 34.6-acre park at 718 N. Colony Road has 153,000 square feet of vacant high-bay space, plus another 80,000 square feet of 12-foot to 14-foot clear space — half of which could be used for offices, according to listing broker Reno Properties Group.
Wallingford Business Park LLC is landlord.
The business park's existing major tenants include CCI Logistics, Hanna Paper Recycling, Cowan Systems and Transwaste Inc.
Z’s Antiques’ new home
Owners of Z's Antiques in Tolland recently paid $250,000 for a Willington industrial building to house their operation, brokers say.
Ann and John Zevetchin bought the approximately 10,600-squre-foot building on 9.3 acres at 672 River Road, on the north side of Route 32, from Round Rock LLC, according to exclusive broker Connecticut Commercial Realty & Select Homes.
The new owners plan to revitalize the property that has been vacant for several years, the broker said.
The Zevetchins launched their business, currently housed at 161 Tolland Stage Road, in 1974.
Gregory Seay is the Hartford Business Journal's News Editor.
Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.
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