News: Connecticut

Kurfehs of Coldwell Banker Commercial, Scalzo Group brokers $2.5 million

Hal Kurfehs of Coldwell Banker Commercial, Scalzo Group, brokered two transactions with value of $2.5 million. Kurfehs closed on 857-857a Federal Rd. in Brookfield, for $1.8 million from Pierpont Family Living Trust to Brookfield Development, LLC. This property is 4.76 acres that was approved while under contract for 101 apartments. Located in the new town center area designated by Brookfield for mixed-use development this property is one of three major developments approved within the last year. Kurfehs also sold 71 Ethan Allen Highway, Ridgefield for $700,000 from Alexander Gifford to Durant's, LLC. The building size is 3,632 s/f, with 475 s/f of finished space on the lower level, on .84 acres. The property had been used for sales of Vespa accessories and as an office. Prior to that it was the long time home to Safari Outfitters. The new owner will conduct a Durant's Party & Events operation.
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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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