News: Connecticut
Posted: August 14, 2014
Bowden of the R. Calabrese Agency sells 50,000 s/f for $750,000
Bob Bowden of the R. Calabrese Agency has completed the sale of a property located at 1031 New Britain Ave. occupied by the Blast Fitness Center. The 50,000 s/f multi-level facility was formerly occupied by Bally Fitness Center and acquired by Blast Fitness in 2013 when Blast purchased a number of Bally locations. With the current sale of the property, Blast Fitness will lease the building until it finds a new facility in the West Hartford market.
The sale price for the property was $750,000 and purchased by local developer INVCAP LLC who will be repurposing the building. The seller was Cape Capital West Hartford LLC, a division of Blast Fitness Acquisitions.
Bowden represented both the buyer and the seller.
MORE FROM Connecticut
Quick Hits
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Columns and Thought Leadership
Ask the Electrician: How do I prepare my commercial building for a disaster?
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary