BRIDGEPORT, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $9.9 million sale of Bridgeport Commons Apartments, an 86-unit asset in Bridgeport, about 20 miles southwest of New Haven, Connecticut. Bridgeport Commons Apartments consists of two buildings that were originally built between 1967 and 1970. The community offers a mix of nine studios, 73 one-bedroom units and four two-bedroom apartments. Brad Balletto, Rich Edwards and Robert Paterno of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
BRIDGEPORT, CONN. — New York City-based brokerage firm Adirondack Capital Partners has arranged the $107.5 million sale of Canfield Park at Fairfield Metro, a 300-unit asset in Bridgeport, a coastal city located roughly 20 miles southwest of New Haven, Connecticut. Canfield Park at Fairfield Metro was constructed in 2023. The community features studio, one- and two-bedroom apartments that range from 300 to 1,200 square feet. Amenities include a pool, fitness center, rooftop terrace, game room, golf simulator, music and art studios, courtyard with grilling stations, sports bar, coffee lounge and …
SHELTON, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Huntington Townhomes, a 99-unit community in Shelton, approximately 10 miles west of New Haven, Connecticut. Beachwold Residential acquired the asset from an affiliate of Inland Private Capital for an undisclosed price. Victor Nolletti, Eric Pentore, Wes Klockner and Ross Friedel of IPA represented the seller and procured the buyer in the deal. Huntington Townhomes was constructed in 2008 on seven acres. The unit mix includes 86 townhomes and 13 apartments. Units come …
GREENWICH, CONN. — Marcus & Millichap (NYSE: MMI) has arranged the sale of the Nolan Thomas Portfolio, a four-building, mixed-use portfolio in the southwestern Connecticut city of Greenwich. The 47,256-square-foot portfolio traded hands for $19 million. The portfolio consists of four buildings housing 10 apartments, 17 retail storefronts, 17 office suites and an 11,226-square-foot warehouse. Stephen Westerberg of Marcus & Millichap’s Manhattan office represented the undisclosed seller in the deal. The buyer was also not disclosed.
WESTPORT, CONN. — Marcus & Millichap has arranged the sale of The Westporter, a mixed-use asset in Westport, 48 miles northeast of New York City. The community was built in 2019. The Westporter includes 28 townhomes and apartments, along with four ground-floor retail units. Eric Pentore, Victor Nolletti, Wes Klockner and Ross Friedel of Marcus & Millichap’s New Haven, Connecticut office marketed the asset on behalf of the seller and procured the buyer. Neither party’s identity was disclosed.
DARIEN, CONN. — Cushman & Wakefield has brokered the sale of Avalon Darien, a 189-unit property in Darien. The community features a mix of recently renovated one-, two- and three-bedroom. Amenities include a pool, fitness center, lounge and playground. AvalonBay Communities sold the property to an undisclosed buyer. The sales price was not disclosed. Niko Nicolaou, Ryan Dowd, Matthew Torrance, Al Mirin and J.P. Hohl of Cushman & Wakefield, in coordination with Brian Whitmer of RePropCo., represented the seller and procured the buyer in the transaction.
HARTFORD, CONN. — Locally based Chozick Realty has brokered the $12.9 million sale of a portfolio of eight buildings totaling 176 units in Hartford. The properties are all located near the Aetna Insurance campus in Hartford’s downtown area. Approximately half of the units were recently renovated. Steve Pappas and Jordan Pinto of Chozick Realty represented the seller and procured the buyer in the deal. Both parties were regional investment firms.
DARIEN, CONN. — JLL has arranged $165 million in construction financing for Phase II of The Corbin District, a six-acre mixed-use development in downtown Darien. JLL Capital Markets represented the developer, locally based Baywater Properties, to secure a $102 million loan from Barings and $63 million in C-PACE financing from Counterpointe SRE. Michael Gigliotti, Evan Pariser and Robert Tonnessen led the JLL Capital Markets team that arranged the total financing package. Once complete, The Corbin District will comprise 11 buildings featuring 112 apartments, as well as 78,810 square feet of retail …
MERIDEN, CONN. — KeyBank has provided $51.5 million in financing for a conversion project in Meriden, located about halfway between New Haven and Hartford. The sponsor, Trinity Financial, will use the funds to redevelop the former manufacturing facility of musical instrument maker Aeolian Co. into a mixed-income community. The historic building is located at 85 Tremont St. and was originally constructed in 1887. Once converted, the property will comprise 82 apartments. Units will be subject to a range of income restrictions, with 11 residences to be rented at market rates. …
LEDYARD, CONN. — Value Asset Management (VAM), a property management subsidiary of Value Cos., has taken over management services at Fox Run Apartments in the southeastern Connecticut town of Ledyard. This is the first community in VAM’s portfolio to be located in Connecticut. Fox Run Apartments includes 172 units in studio-, one- and two-bedroom floor plans. According to Apartments.com, Fox Run Apartments was constructed in 1965. VAM has introduced an apartment rehabilitation program and rebranded the property website as part of a three-year capital improvements plan for the community.
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