The newly opened Mill Commons luxury apartments in Simsbury have gotten $13.3 million in construction and permanent financing from First Niagara Bank.
The 88-unit complex at 75 West St. features one- and two-bedroom apartments that range from 900 to 1,600 square feet. Farmington’s Landworks Development LLC is the owner.
Landworks also is behind the larger Hop Brook Development, of which Mill Commons is part.
Hop Brook is a mixed-use development that also includes 20 luxury townhomes, office space and Millwright’s Restaurant and Tavern.
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Hartford Press’ $480K sale
Hartford Press Inc. has sold a pair of South End properties to a local church for $480,000.
Iglesia Nuevo Comienzo bought 524 Wethersfield Ave. and 225 Ledyard St.
Colliers International represented the seller. Hadley Realty Group represented the buyer.
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Waterford bus barn
A nearly eight-acre Waterford parcel has been purchased for $900,000 to use as a school-bus barn.
RAMY LLC sold the property at 30 Fargo Road LLC, which in turn will lease the property to M&J Bus Co., realty authorities said.
The two buildings cover 16,400 square feet and rest on 7.6 acres.
Colliers International represented RAMY in the sale.
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Century’s new Bristol home
Bristol manufacturer Century Spring is staying in Connecticut and using a $100,000 grant to expand operations and payroll on new acquired property in the city.
Century Spring recently bought 100 Wooster Court for $975,000, tabling its planned relocation to a neighboring town, authorities say.
Century plans to use the grant to offset renovations and the cost of new equipment for its move to the 33,000-square-foot Wooster Court site.
Century also plans adding six new full-time jobs, using job-creation reimbursement grants of up to $1,000 per position, owner William Waseleski said.
O,R&L Commercial represented 100 Wooster Court’s seller Hartland-Plainville LLC and buyer, Queens Peak LLC.
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Ben & Jerry’s Canton catering
About 2,600 square feet has been leased at Canton’s 12 Cheryl Drive to a Ben & Jerry’s franchisee for its catering-services operation, authorities say.
Landlord Tech Center LLC leased the space to franchisee CT Scoop Shop Catering, which runs a Ben & Jerry’s inside The Shoppes at Farmington Valley mall.
CB Richard Ellis-N.E. Partners LP was sole broker.
12 Cheryl Drive is an industrial building located just off Route 44/Albany Avenue, down the road from the mall.
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Norwalk office refi
The Boston landlord who bought a Norwalk office building last summer is using proceeds from a recent $14.5 million financing package to upgrade the property, authorities say.
Rhode Island lender Washington Trust said its commercial realty unit provided financing to deed holder DIV 40 Richards LLC to make over the 147,000-square-foot building acquired last July at 40 Richards Ave.
Amenities will include an expanded café, upgraded common areas, a new fitness center and shuttle service to the commuter rail station, the lender said.
DIV 40 is a unit of Boston realty developer-landlord The Davis Companies (TDC), owner of more than 10 million square feet in 17 states.
The Norwalk property is part of TDC’s $413.5 million real estate fund, Davis Investment Ventures Fund II LP, officials said.
Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.
Greg Seay is the Hartford Business Journal News Editor.
