News: Connecticut

The Dartmouth Company brokers $7.75m sale - to be developed into Canfield Park at Fairfield Metro

Bridgeport, CT The Dartmouth Company has completed the sale of 286 Canfield Ave., 872 Brewster St., 218 Alfred St., and 200 Princeton St., which was previously a Showcase Cinemas.  The Dartmouth Company team led by David Smookler, Peter Considine, and Joe Mastromonaco exclusively represented the seller to close the transaction at a sale price of $7.75 million. 

The seller, NAI Holdings Entertainment, LLC is an affiliate of National Amusements, Inc., which is a privately-owned theater and mass media holding company.

The buyers, Eastpointe, LLC and Spinnaker Development, plan to use the property to build a 300-unit multi-family residential development named Canfield Park at Fairfield Metro.

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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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