News: Connecticut

Galvin of Pearce Commercial brokers three transactions totaling 21,590 s/f

John Galvin of H. Pearce Commercial Real Estate recently leased 6,250 s/f of industrial/warehouse space at 11 Heritage Park Rd. to National Sintered Alloys, Inc. Galvin represented both the tenant and the landlord, Clark Development Corp. In another transaction, Galvin brokered a lease at 51 Boston Post Rd., Madison for 1,620 s/f for five years. Galvin represented the landlord, Elm City Industrial Properties, Inc., and the tenant, Salon Enterprises, LLC, an upscale beauty salon. Galvin also sold a mixed use commercial/residential building of 13,720 s/f at 993 Boston Post Rd., Guilford, to 993-995 Boston Post Road LLC. Galvin represented the buyer and the seller, RCR Enterprises LLC. The building includes Citizen's Bank branch, hair salon and personal fitness center, plus 8 apartments. The building is fully leased. This property was listed on August 24 and closed on October 21.
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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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