News: Connecticut

Cagenello of Prudential Conn. Rlty. sells 5,000 s/f bldg. for $900,000

Prudential Connecticut Realty Commercial Brokerage in Avon has sold 144 Albany Tpke. The 5,000 s/f restaurant building was acquired on December 2, 2009 for $900,000 from P.L.G.G.E.D. by Ke Feng Zhao. The building is presently a Margaritas restaurant, but will soon be an upscale Chinese restaurant. Bruce Cagenello, CCIM of Prudential Connecticut Realty Commercial Brokerage represented both buyer and seller in the transaction.
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Highcap Group brokers $41.1 million sale of two building multifamily portfolio

Norwalk, CT Highcap Group has completed the sale of two luxury multifamily properties with a total of 120 units for a combined purchase price of $41.4 million.

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