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.
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.