News: Connecticut

O'Hara of Coldwell Banker Comm'l. completes 80,000 s/f sublease

Christopher O'Hara, senior vice president of Coldwell Banker Commercial NRT Inc., completed a sublease representing Panolam Industries International, Inc. with the Atrium Companies, Inc. at 710 Bridgeport Ave. Panolam Industries International, Inc. subleased 80,000 s/f of warehouse space from Atrium Companies, Inc., taking a portion of the complex's 400,000 s/f warehouse. Panolam is consolidating and relocating two warehouses from Maine and New Jersey to Shelton. David Gorbach, president of Colonial Properties, represented Atrium in the transaction. Panolam Industries International, Inc., one of the North American market leaders and innovators in the decorative laminate panel industry and a manufacturer of decorative surface products, combines nearly 60 years of experience. The company's products, which are marketed under Panolam and Pionite brand names, are used in a wide variety of residential and commercial indoor surfacing applications, including kitchen and bath cabinets, furniture, store fixtures, case goods, and other applications. Panolam produces decorative surfaces that offer quality, variety and flexibility to customers worldwide.
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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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