News: Connecticut

Sentry Commercial brokers 14,400 s/f $950,000 sale

According to Sentry Commercial Real Estate Services, Inc., Carter Realty LLC has purchased 586 New Park Ave. for $950,000 as an investment and has partially leased the building to a division of International Paper Company. The 14,400 s/f retail/warehouse facility was owned by Caffee Realty, LLC. Sentry Commercial Real Estate Services, Inc. was the sole broker. In another transaction, Thermal Industries, Inc. renewed its lease for 9,225 s/f at 300 Pleasant Valley Rd., South Windsor. The 55,000 s/f industrial building is owned by Herbert Fishman. Sentry represented the tenant and Colliers Dow and Condon represented the landlord in the transaction.
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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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