News: Connecticut

R. Calabrese Agency sells 15,870 s/f for $900,000

1650 West Street - Southington, CT

Southington, CT Ralph Calabrese of the R. Calabrese Agency, LLC negotiated the $900,000 sale of 1650 West St.

The 15,870 s/f two-story office/retail building sits on 1.58 acres.  Both floors of the building are at grade level with the rear lower level being utilized as warehouse space with two loading docks.

The lot has 225 ft. of frontage enhancing the building’s visibility.

The purchaser, 1650 West Street, LLC, plans to move their business into the main level of 7,930 s/f.

The existing warehouse area tenant has extended their lease and will remain in the space.

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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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