News: Connecticut

The Proto Group closes three transactions totaling $7.319 million

North Haven, CT The Proto Group has completed the following transactions: 

• Diversified Unlimited LLC of Cheshire has purchased the 90,000 s/f North Haven Shopping Center on Rte. 5. The center consists of 90,000 s/f of retail space on nine acres.  The property was constructed in the early 1950s by the Luciani Family of Woodbridge, Conn. The new owner will be completely remodeling the plaza which will include a new façade, roof, HVAC, lighting and a pylon sign. The purchase price was $6.139 million, The Proto Group was the sole broker in the transaction and has been hired by the new owner to lease the plaza.   

• West Rock 19 Lunar LLC has sold 19 Lunar Dr. in Woodbridge, to an international investor for $685,000. The 9,120 s/f building is 100% leased to Yale New Haven Hospital as office space. The buyer was represented by Cynthia Liu of Real Living Wareck D’Ostilio, and the seller by The Proto Group LLC. 

• Rockview Associates LLC of Woodbridge, Conn. have sold 11 Lunar Drive, a 10,125 s/f office/flex building on one acre for $495,000.  The buyer, and international investor, was represented by Liu of Real Living Wareck D’Ostilio and The Proto Group LLC represented the seller in the transaction. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary