News: Connecticut

Vidal/Wettenstein and Compass Commercail-Febbraio Group co-broker 4,325 s/f lease

69-79 Sanford Street - Fairfield, CT

Fairfield, CT A North Carolina based company has leased a 4,325 s/f building at 69-79 Sanford St., across from the Metro-North rail station. Next Century Spirits, based in Raleigh, will utilize the building for their corporate sales and marketing offices.

According to Anthony Moniello, chief commercial officer, “We are truly excited to open our third US office location in the heart of downtown Fairfield and to source amazing local talent from the area. We look forward to being an active member in the community as we grow our amazing portfolio of brands such as Creek Water Whiskey, Caddy Clubhouse Cocktails and Bear Fight American Single Malt Whiskey.”

According to Tommy Febbraio, owner of Compass Commercial-Febbraio Group, the existing tenant, Beehive, will be relocating to another location in town.

Bruce Wettenstein, SIOR and partner with Vidal/Wettenstein represented Next Century Spirits, and Febbraio was the listing broker for the owner. Michael Goldman of Goldman, Gruder and Woods was counsel for the owner, and Frank Hall of Branford was counsel for the tenant.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
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