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03/06/2018
FactSet Signs 173,000-SF Lease in The Towers
FactSet, a CT-based financial data company, has signed a lease for 173,164 square feet at The Towers office building at 45 Glover Ave. in Norwalk, CT. The company will relocate its global headquarters from its current location at the Merritt 7 Office...

03/06/2018
Industrial Portfolio in Meriden Sells for $18M
Sky Management Corp acquired the industrial buildings at 160 Corporate Ct. and 550 Research Pky. in Meriden, CT. New York Life Insurance Company sold the portfolio for $18 million, or about $31 per square foot. The single-story warehouse and distribution...

02/28/2018
Fallas Paredes Takes 50,000 SF in Bridgeport
Fallas Paredes, a Los Angeles-based discount retailer, has signed a lease for 50,000 square feet in the Shoppers Fair Plaza at 180 Boston Ave. in Bridgeport, CT. The 193,694-square-foot retail center delivered in 1954 on 11.8 acres. Other tenants...

02/28/2018
Source Marketing Takes 12,000 SF in Wilton
Source Marketing, a Norwalk-based marketing consultant, has signed a lease for 11,758 square feet at 187 Danbury Rd. in Milton, CT. The three-story office building delivered in 1978, underwent renovations in 1988, and totals 137,000 square feet. The...

02/23/2018
Calare Properties Acquires 917,000-SF Flex Bldg
Calare Properties, Inc., a Hudson, MA-based real estate owner, has purchased the flex building located at 5 Research Pky in Wallingford, CT for $5 million, or almost $5.50 per square foot, from Bristol-Myers Squibb Company. The five-story flex building...

02/21/2018
Northview Hotel Group Closes Third Investment Vehicle
Jekyll Island Club Hotel. Credit: Northview Hotel Group Northview Hotel Group successfully closed fundraising for NV Acquisitions III, its third investment vehicle. The fund will be used to acquire underperforming hotels and resorts in the U.S. and certain...

02/21/2018
Hamilton Point Launches Sixth Multifamily Fund
The 194-unit Harbin Pointe Apartments in Bentonville, AR Hamilton Point Investments, an Old Lyme, CT-based real estate private-equity investment company, has kicked off fundraising for its sixth fund. HPI Real Estate Fund VI is looking to raise $100...

02/20/2018
Bronx Apartment Building Sells for $8.5M
Parkash Real Estate acquired the multifamily property at 1110 Anderson Ave. in Bronx, NY for $8.5 million, or about $193,000 per unit, from Payson Pl Props, Inc. The six-story, 51,500-square-foot apartment building delivered in 1928 and totals 44 rent...

02/20/2018
Bronx Apartment Bldg Sells for $4.6M
SKYC Management, a Brooklyn-based property management company, has purchased the multifamily property at 2618 E. Tremont Ave. in Bronx, NY for $4.55 million, or about $198,000 per unit, from Dengler Dengler & Dengler. The five-story apartment building...

02/14/2018
Maddd Equities Secures Financing for Former Apple Bank Building
MADDD Equities LLC secured an $8.25 million, two-year, interest-only loan for its retail building at 2526 Grand Concourse in the Bronx. Brad Domenico of Progress Capital arranged the financing on behalf of the borrower. Built in 1933, the two-story...

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