postmainOLD SAYBROOK: Post & Main, a 186-unit residential property in Old Saybrook, was sold for $42.5 million.

Built in 2017, Post & Main offers 186 apartments with “artfully designed luxury finishes” that include granite counter tops, stainless steel appliances, kitchen islands with pendant lighting, oversized windows, tile backsplashes and vinyl plank flooring. The property features a collection of amenities, including a resident clubroom, an outdoor resort-style pool, an oversized fitness center, garage parking and a dog park.

The CBRE team of Jeffrey Dunne, Simon Butler, Biria St. John, Gene Pride and Eric Apfel advised the owner, GM Saybrook Owner LLC, in the sale; David A. Mack Properties acted as Operating Member within the LLC. The buyer was Old Saybrook Owner LLC.

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 Denali: FORGING A MEANINGFUL RETAIL EXPERIENCE IN A MATERIALISTIC WORLD

New Haven Architects Pirie Associates  recently finished two unique retail design projects, a hip urban brewery and an outdoors' retailer. We talked to principal Laura Pirie to better understand their strategy for making it in the bricks and mortar world today.

Recently local retailer Denali opened in Providence and we saw that you designed that and other Denali locations in an atypical way. What do bricks and mortar retailers have to do to in their locations to compete effectively today?

Something we recognized in doing retail years ago is we want to create an environment where people can have an experience. The catchphrase, somewhat in the industry and certainly what we use is called “experiential environments,” in retail they say experiential retail.

As more and more people have interactions in digital and electronic form, experiential environments became more meaningful in people’s lives.

710 bridegportSHELTON: A To Z Supply has signed a lease for a 127,000 square foot corporate and distribution facility at 710 Bridgeport Avenue. The company will be relocating its corporate office and distribution operation from Bronx, New York.

A To Z Supply is a medical supply company and distributor of hospital and nursing home needs, medical, kitchen, house-keeping maintenance and equipment. They are a family-owned multi-disciplinary health care institutional supplier for all disposable needs.

accelAccel International Holdings, with headquarters at 508 Colony Street in Meriden a manufacturer of “high performance” metallic and fiber conductors for the aerospace and electronics industries, has purchased the former site of Alexion Pharmaceuticals at 350 Knotter Drive in Cheshire for $4.77 million.

Dan Chung, Accel senior vice president told the Meriden Record daily newspaper the, company will operate the Cheshire facility in addition to Meriden, saying “this is going to be an additional facility, where we’re planning to invest over $40 million in (capital expenditures) and hire 120 people,” he said. “We will be maintaining Meriden.”

Screen Shot 2018 10 21 at 2.52.06 PMNEW LONDON: A new residential development has moved a step forward with the closing of Parcel J for development by A.R. Building Company. The 2.6 acre parcel at the corner of Howard and Bank Streets. was the last available parcel in the Shaw’s Cove Industrial Park, and will be the home to a proposed 98 unit residential development.

Developers hope the development brings the possibility of increased foot traffic and a heightened profile for town’s businesses. A.R. Building Co. has also completed a residential apartment complex after 60 Mansfield Road earlier this year.

ctclistHARTFORD:, The Greater Hartford Association of Realtors (GHAR) has partnered with Catylist an Ann Arbor, MI based commercial listing service called CTCList. CTCList connects commercial professionals, owners, tenants and investors looking to buy, sell and lease commercial properties throughout the state, as well as nationally.

The commercial real estate division of GHAR, CT Commercial Real Estate Alliance has overseen the project, which officially launched on August 1.

at home 1534448882 8774MANCHESTER: At Home a big box retail chain specializing in home decor products  based in Plano, Texas opened its first Connecticut location and is the new achor at Burr Corners Plaza. The 98,000 square feet location demonstrates “progress towards enhancing the overall shopping experience at the reinvigorated plaza.”

In Summer of 2015, Winstanley Enterprises,LLC and Surrey Equities, LLC acquired the 302,066 square foot plaza at Buckland Street and the Tolland Turnpike originally opened in 1989 for $22 million.

Baker Hall BeforeAfter Courtyard 1NEW HAVEN: A new modern extension to the Yale Law Building, the first expansion since the Sterling Law Building was first constructed in 1931 has been completed.

Architects Pirie Associates was originally brought in to help transform a concrete and masonry building, intended to be temporary, the effort became a permanent adaptive reuse of 100 Tower Parkway into Baker Hall. The renovation was made possible thanks to a $25 million gift in 2013 from alumni Robert C. and Christina Baker, and a subsequent $35 million fundraising effort led by Yale Law School. Started in September, 2017 and completed this August, the renovation restores the “marriage of academic and residential life to the law school, while honoring student requests for places to enjoy their downtime.”

centerbrook mystic

MYSTIC: Designed by Centerbrook Architects & Planers The Thompson Exhibition Building at the Mystic Seaport Museum was recognized at the Connecticut Green Building Council (CT-GBC) Awards with the Public/Institutional Award of Merit. The Thompson Building, which opened in the fall of 2016, features a number of sustainable aspects, including a geothermal heating and cooling system.

This is the third design award presented to the Thompson Building, which was also featured in ArchDaily’s 100 Best Wood Projects in the U.S. list.

Claris BSI DesignBuildSEYMOUR:A 73,000 square foot mixed used headquarters  building for Basements Systems Inc. has completed construction.  Claris Construction provided the architectural, engineering, and construction management services for the new mixed-use building that include distribution, offices, commercial kitchen, meeting rooms, and an auditorium.

The structure, located at 33 Progress Ave., is a hybrid of conventional and pre-engineered (Butler) steel.

The company offered an estimated construction cost of “between $10 and $15 million.”

Memorial Boulevard building M MBRISTOL: The Memorial Boulevard School is transitioning into an arts magnet school, and Quisenberry Arcari Malik, LLC (QA+M Architecture) has been selected as the architect and lead designer for the project.

The building is listed on the Connecticut Register of Historic Places as a historic structure.

Originally constructed in 1921, the 96,000 square foot building in downtown was known as Bristol High School until the school system closed it in 2012. The engagement of QA+M Architecture is the next step in reviving this vacant four-story facility into a performing arts magnet school for local students in grades 6-12.

117 Washington Ave2NORTH HAVEN: The Agency on Aging of South Central Connecticut, has completed a major lease transaction at 117 Washington Avenue, with the owner, Commercial Investment Group.

The 15,000 square foot ten-year lease will top off the redevelopment of this former North Haven Shopping center which was repurposed for office use. The Agency on Aging of South Central Ct is a non-profit organization providing services to the elderly, including home care, service directories, case management and advocacy for the empowerment of elderly citizens in our communities. Ted Schaffer of Press/Cuozzo Commercial handled the transaction, assisting Schaffer in the transaction was Jillian Moruzzi of CW Landmark as the listing broker.


1235farmington

BRISTOL: Starling Physicians Ophthalmology has leased 4,891± SF of formerly vacant retail space at 1235 Farmington Avenue. Other tenants of the site include Hobby Lobby and Big Lots. Starling Physicians Ophthalmology will be moving from their former location AT 641 Farmington Avenue.

Jay L. Morris and Luke Massirio of O,R&L Commercial represented the tenant, Starling Physicians Ophthalmology.

press boston postGUIFORD: The former Mannix Chevrolet location at 271 and 301 Boston Post Road, was sold. The two parcels total 4.38 acres and are improved with the former 18,610 square foot automotive dealership facility.

Press/Cuozzo was the sole broker on the sale from Charles Mannix to Amerco Real Estate Company, in late August at $2,100,000.

hamden castleHAMDEN, CT – A unique office property at 20 Davis Street is available for re-development. The 17,815 square foot building is being listed at $2.3 milion.

Initially designed by architects Brown and Von Beren and built in 1906 for Frederick D. Grave, who founded the cigar company, F.D.Grave & Son in New Haven. Prominent architect Eero Saarinen remodeled the mansion and built the rear addition during the 1960’s and used it as his office. Since then, Lucerne houses the successor world renowned architectural firm of Kevin Roche and John Dinkeloo & Associates

Screen Shot 2018 09 28 at 12.51.55 PMNORTH HAVEN: Red Hawk Fire & Security, LLC, a provider of life safety and security solutions, has signed a long-term lease for 11,040 square feet of office and storage space at 118 Quinnipiac Avenue. The company has more than 40 locations across the US, the company relocated from Orange to the North Haven location.

Peter Shiue, CCIM, senior broker of Colliers International’s New Haven office, represented the tenant. Joel Nesson, senior advisor at Press/Cuozzo Commercial Services, represented the landlord, WTE 118 Quinnipiac LLC.

Hurley Farms Industrial Park 1OXFORD: Ed Godin Jr. SIOR of Godin Property Brokers announced thre leases at totaling at Hurley Farms Industrial Park, located at 115 Hurley Road. The Park is owned by the Hurley Group based in New Haven. Hurley owns a portfolio of commercial properties across Connecticut.

The leases included: 5,250 square feet for GRYE; 9,000 square feet to Botanical Gardens LLC; and 5,250 square feet to Better Packaging Inc.

Bruce Wettenstein SIOR of Vidal Wettenstein represented Better Packaging Inc.

Screen Shot 2018 09 27 at 11.52.45 AMWEST HARTFORD: A six building 200 unit multi-family apartment complex, Westwood Apartments at 106 Kane street, was sold for $20.85 million. The apartment complex is among the largest in town.

Constructed in 1971 as 368 rental units in nine buildings, the original Westwood development was divided into two separate parcels with four of the buildings converted into condominiums in the mid-1980s.

Screen Shot 2018 09 26 at 10.29.37 AMNEW HAVEN: A Buddhist religious center has signed a ten-year lease for a 6,600 Square foot space in downtown at 27 Church Street from 27-31-33 Church LLC [Craig Stapleton of Greenwich]. Soka Gakkai International – [USA SGI – USA], says it “is a grass-roots Buddhist organization with 12 million practitioners in 192 countries and territories. headquartered in Santa Monica, CA with regional headquarters in New York City.

Sal Comunale negotiated the lease and Brian Enright of Halloran & Sage was the attorney for the owner. Ted Schaffer of Press/Cuzzo represented the tenant. The Proto Group represented the 27-31-33 Church LLC.

Screen Shot 2018 09 26 at 10.09.19 AMWEST HARTFORD:, ArborCrowd an online platform based in NYC that enables individuals to make equity investments in “institutional-quality commercial real estate,” is offering a 200-unit apartment community the Cove West Hartford, for direct online investment on its platform.

The company says the property was acquired in an off-market transaction by affiliates of ArborCrowd, CS Acquisition Group, LLC and the sponsor of the investment. CS is a real estate owner and operator with a portfolio in the Hartford area, and AMAC–a real estate private equity firm that is part of the “Arbor family” of companies.

wind river environmental officeMONROE: Wind River Environmental has leased the remaining available space at 154 Enterprise Drive, the term of the lease was for ten years. The building was recently constructed to accommodate the owner, Eastern Land Management Company of Stamford (ELM), which needed expansion into this region of the state. ELM purchased the 6 acre parcel and constructed the 21,000 square foot building for its partial use, and had Bruce Wettenstein of Vidal/Wettenstein market the balance of the space.

“We were fortunate to find a tenant that fit the remaining available space and adapted to the design of the building.” Wettenstein said. The mezzanine with direct access off the front will house Wind River’s offices, and the main level will be for vehicle access.

westhaven aptWEST HAVEN:, An 18 unit apartment and 12 unit apartment buildings at 125 Coleman Street sold for $3.6 million. Fred Messore, senior vice president at Colonial Properties, Inc., represented the seller and Benjamin Hale of Hale Real Estate represented the buyer in the transaction. The seller’s attorney was attorney Jerome Lacobelle Jr. and attorney Lawrence Levinson; the buyer was represented by Vincent Falcone, Esq.

“This transaction demonstrates the high demand for stabilized multifamily properties in the Greater New Haven market. We had significant interest in this asset and realized a high per unit sale price for the seller,” said Michael Richetelli, president and designated broker of Colonial Properties.

STAMFORD: The former home of GE Capital will be developed as a 130-unit senior living community at 201 High Ridge Road.

National Development of Newton Fall, Mass. has submitted plans to develop the 16.5-acre property will be subdivided, and National Development’s investment partner Charles River Realty Investors plan to acquire the northern 10 acres of the site while current owners will retain the southernmost 6.5 acres.

The senior housing community will be named Waterstone at Stamford, joining two existing Waterstones currently in operation in Wellesley and Boston, Mass. Waterstone is a joint venture with Epoch Senior Living. National Development and Epoch have owned and operated over 40 senior housing developments throughout the region including Bridges at Norwalk and Bridges at Trumbull.

house bar graph arrow up2HARTFORD: As the summer closed, The Greater Hartford Association of Realtors had good news for prospective home sellers reporting that home sales volumes and prices were both up.

Closed sales of single family homes in greater Hartford increased 2.51% (from 1,274 to 1,306), according and the median sale price increased 7.14% (from $232,950 to $249,580). New listings eked out again as well increasing just under 1% (from 1,699 to 1,713), over July of last year. Inventory of for sales homes however, decreased 3.79% (from 5,492 to 5,284) during this same year-over-year timeframe.

townaptsHAMDEN: The 764 garden style apartment homes Town Walk at Hamden Hills at 100 Town Walk Drive was sold for $136.5 million. Located on a 44.9 acre site the complex was built in the early 19902 by AvalonBay Communities.

Rents range from $1,334, to $1,989 for apartments, approximately 700 to 2,000 square feet.

HK Group’s , Matthew Keefe, president and Ricardo Cordido, CCIM, vice president, were the sole brokers in the sale of Town Walk at Hamden Hills. Jones Street Investment Partners, a Boston-based multifamily investment sponsor and operator, acquired the property from an affiliate of Baker Properties, a White Plains, NY real estate developer and operator.

bbqSOUTHINGTON: The R. Calabrese Agency released information on its long-term lease to Mission BBQ at 785 Queen Street,which opened July 1. The Southington location is the first Connecticut location and the 68th restaurant for the chain, which is planning 12 more openings before the end of 2018.

Tony Valenti and Ralph Calabrese of the R. Calabrese Agency, LLC, negotiated the long term” lease for the company owned free standing 3,600 square foot restaurant situated on just under one acre.

Mission BBQ joins Chick Fil-A, Aldi Grocery Store, Hartford Health-Urgent Care, Admire Dental, and coming soon; Chipotle, Verizon Wireless and an AAA Auto Care Center at the Queen Street Plaza.

lunchbox2NEW HAVEN: Lunch Box 23, LLC, a food truck and food catering service with more than 10 years in the Greater New Haven area, leased 4,806 square feet at 280 Blake Street.

They plan on utilizing the property for catering and a restaurant. The company says its mission “is to pack as much flavor and experience into their bite sized portions as possible, while using as many farm fresh, local ingredients as they can. Eclectic, sometimes weird, but always delicious.”

Carl G. Russell, CCIM, SIOR, Sr. commercial broker for Pearce Real Estate in Milford, completed the multi-year lease Lunch Box 23, LLC and the Landlord at 280 Blake Street.280blake

Crown Point ApartmentsDANBURY: The 466 complex Crown Point Apartments has been sold for $108.5 million. The relatively new complex was built in 2007 and 2011 and developers say it offers a “collection of amenities” including two clubhouses, each with a fitness center and a swimming pool.

Jeffrey Dunne, Gene Pride and Eric Apfel of CBRE represented the owner, an affiliate of Harbor Group International, LLC (HGI), in the sale and also procured the buyer.

btx 300x203SHELTON:The new world headquarters of BTX Global Logistics opened at 12 Commerce Drive.

The $3.7 million purchase followed an “extensive” search for the 75,000 square foot facility, that will combine both the headquarters and logistics operations.

BTX renovated the property, which was formally occupied by Latex Foam creating what the company calls “a world-class ecofriendly facility.”

Chris O’Hara, senior vice president of Coldwell Banker Commercial NRT Inc., represented BTX.

BTX Global Logistics is a full-service transportation and logistics organization that specializes in time-sensitive, heavy-weight freight by air, land and sea. Additionally, BTX provides warehousing, fulfillment, and e-commerce service.

Screen Shot 2018 09 25 at 2.19.03 PMTRUMBULL: The indoor recreation industry in Connecticut continues to build out with a new baseball and softball training facility at 30 Nutmeg Drive.

D-BAT Trumbull is scheduled to open in late fall in a 20,487 square foot space in a former warehouse space. There are 76 locations nationally and the Trumbull franchise is the first D-BAT facility in the state and will be managed by Lou Bunosso.

D-BAT will offer batting cages, lessons, camps and clinics, and a shop to purchase baseball and softball equipment and apparel. The business will also offer membership packages that will reduce the cost of lessons, camps and shop purchases.

hartfordHARTFORD: The Connecticut/ Western Massachusetts chapter of SIOR presented the results of its semi-annual membership survey of commercial real estate market conditions. The survey is based on market activity for the period January through June within Connecticut and western Massachusetts.

Responses were positive and optimistic but they indicate a slowdown in momentum in early 2018. The Industrial sector continues to demonstrate “greater strength than the office sector.” The results also reflect some individual markets that continue to lag behind. Realtor responses regarding overall market conditions were split between improvement (38%), decline (32%) and no change (32%).

Predictions for the remainder of 2018 are 56% expecting no change, 31% anticipating improvement and 13% expecting a decline.

DENALI2 PIRIE
Denali's new location in Providence was designed by New Haven Architects Pirie Associates.
 denali1 piri

GUILFORD: Denali, the region’s homegrown outdoors retailer headquartered in Guilford is expanding again, opening its sixth store, in Providence, RI.

The Denali chain was ounded by the owners of Trailblazer a New Haven “outdoor” retailer located on Broadway, on the Yale Campus for more than two decades.

The first Denali was also located on Broadway but was folded into the Trailblazer store, when the company decided to open a Patagonia retailer in the Denali space.

The Broadway Trailblazer was closed this spring and a Trailblazer at the Mohegan Sun was rebranded to Denali.

kitchenNORTH HAVEN: Kitchen Advantage, LLC, will relocate their kitchen design showroom to 276-278 State Street, from their Washington Avenue location.

The company has purchased the 5,742 square foot property for $642,000. The buyer was represented by Gary G. Bookor & Associates and the seller by Stephen Press, SIOR, of Press/Cuozzo of Hamden.

The property was a free sanding building sitting on .61 acres and was vacant at the time of the sale.

440 New BritainPLAINVILLE: The Medical Office Building at 440 New Britain Avenue, a 27,685 square foot facility sold for $5.5 million. Holliday Fenoglio Fowler, L.P. (HFF) of Hartford marketed the property for the owner, Tomasso Brothers, Inc. The buyer, is Atkins Companies, a West Orange, N real estate and development company.

The transaction follows Physician Realty Trust’s 2017 $30 million purchase of the adjacent Medical Arts Building, also handled by HFF.

25 Norwich

NORTH STONINGTON: The Electric Boat Corp has signed a lease for a 125,000 square feet including 72,439 square foot high bay warehouse space at located at Eagle Park, 25 Norwich Westerly Road situated on 35 acres. The building owned by Mashantucket Pequot Tribal Nation (MPTN) also contains 53,376 square feet of office space. EB will occupy the entire building based on their expectedexpansion requirements. According to the New London Day newspaper, EB is expected to move 400 design and engineering staff to the facility.

David Rozen, CFO of MPTN said, “This agreement makes sense from a business perspective, while also supporting our neighbor Electric Boat and maintaining our commitment to the local economy.”

John Cafasso, CCIM, of Colliers International secured the long term lease.