Wallingford’s Tower Square Plaza sold recently for $2.1 million, brokers say. The 22,160-square-foot shopping center at 600 N. Colony Road/Route 5 is home to a number of retail tenants.
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Wallingford's Tower Square Plaza sold recently for $2.1 million, brokers say.
The 22,160-square-foot shopping center at 600 N. Colony Road/Route 5 is home to a number of retail tenants, among them Enterprise Rent-a-car, Panda Garden, Domino's, and the newly opened restaurant Brew and Steak Kings.
O,R&L Commercial represented both the seller, 600 North Colony Road Associates, and buyer JMM Associates.
$9.72M for Hartford area apts.
Five Hartford area multifamily apartment communities have found new owners in recent weeks, according to Shelton commercial broker Northeast Private Client Group.
In Hartford, Meriden affordable-housing landlord The Carabetta Cos. sold an 85-unit apartment property at 131 Brook St. to Connecticut multifamily landlord Navarino Capital management for $3.5 million.
In West Hartford, investor Harvest Properties sold a 19-unit apartment building at 144 Oakwood Ave., to Great Victory Properties LLC for $1.66 million.
In New Britain, investor John Arruda paid Florida seller Green New Britain LLC $1.3 million for a 19-unit portfolio at 123 & 131 Green St.
In Stafford Springs, Center Street Apts LLC sold a 20-unit property at 28-34 Center St. to Stafford Springs Apartments LLC for $1.06 million.
In Wallingford, Stafford Springs Apartments LLC paid $3.5 million for a 37-unit multifamily portfolio located at 286 South Elm and 24 Parsons from the Estate of Anthony Papa.
Ex-Hamden theater sold
A Hamden industrial building that once housed the Dixwell Playhouse Theatre has sold for $150,000, brokers say.
Oliverio Family Trust sold the 20,264-square-foot building on 0.8 acres at 820-830 Dixwell Ave. The sale also included a 1,558-square-foot automotive garage on Cherry Ann Street.
Colonial Properties Inc. was the seller's broker.
3 Cheshire condos sold
Four Cheshire office condominium units have sold recently in separate transactions, brokers say.
James Grenon, of Alexander & Grenon Chiropractic Center, acquired two units at 420 S. Main St., totaling 2,500 square feet, for a combined $255,000, according to exclusive Rocky Hill broker O,R&L Commercial. 420 South Main Street LLC was the seller.
In Waverly Professional Park, 345 Highland Ave., engineer Rifat H. Saleh, of RHS Consulting & Design LLC, purchased second-floor condo units 201 (1,212 square feet) and 202 (1,265 square feet) for a combined $200,000. O,R&L represented seller 345 Highland Ave. LLC; Realty Network LLC was Saleh's broker.
Newington sites available
A pair of Newington commercial sites are available for lease or development, the listing broker says.
At 85 Pane Road, intersecting the Berlin Turnpike/Route 5-15, a ground lease is offered on a 2-acre pad site large enough for a “big box'' retail development, according to Reno Properties Group. The site bears a minimum $100,000 annual ground lease.
The site is in the shadow of Stew Leonard's and Sam's Wholesale Club.
At 50 Rockwell Road, 14,600 square feet — or nearly half the 36,000 square feet of the flex warehouse-distribution facility — is on the market at $6.50 a square foot triple-net, Reno Properties said.
The facility has 22-foot clear ceiling heights; two docks; one drive-in door; and ample parking.
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.
