May 21, 2012 | last updated June 5, 2012 10:13 am
DEAL WATCH

Yale-New Haven Hospital buys North Haven space

CONTRIBUTED PHOTO
CONTRIBUTED PHOTO
North Haven space once occupied by AT&T will house an expansion of the Yale-New Haven medical campus.

Yale-New Haven Hospital bought the 120,000-square-foot Cross Roads office building in North Haven $9 million to expand its medical campus, authorities say.

Yale-New Haven bought the building on eight acres at 6 Devine St. from AT&T.

H. Pearce Commercial Real Estate represented the hospital in the deal.

• • •

$4.5M makeover for Shelton space

Marcus Partners bought a 175,000-square-foot office and R&D building in Shelton to which the new owner plans $4.5 million in improvements.

Some 80,000 square feet of the property's vacant space will be offered for lease shortly, said Marcus Principal David Fiore. Marcus also plans to step up its realty investments in Connecticut, New York and New Jersey, Fiore said.

Upgrades to the property at 6 Armstrong Road will include new lobbies, common areas and furnishings, new and efficient mechanical and control systems, and new granite exterior entrance walkways. Outdoors, new landscaping, site and parking lot improvements are planned.

The property's amenities include walking trails along a three-acre pond, an indoor heated parking garage, fitness center with locker rooms and showers, and a full-service café.

• • •

W. Hartford office sale

IT Direct paid $700,000 for a 19,000-square-foot office building at 67-69 Prospect Ave. in West Hartford.

The information-technology services vendor will occupy most of the building purchased from Hartford CRE Holding Co. LLC.

The building, constructed in 1989, has three stories atop covered parking for 73 vehicles.

Chozick Realty represented Hartford CRE. Eagle Rock Retail LLC represented IT Direct.

Interestingly, Chozick has been involved as a broker twice before in a sale of the building, authorities said.

• • •

Konover's B'port contract

Konover Residential Corp. has been hired to manage an 81-unit housing complex at 210 Washington Ave. in Bridgeport.

Financial terms weren't disclosed.

Built in 1992, it offers one- and two-bedroom units.

Konover Residential manages five other Bridgeport properties.

• • •

NY-to-New Haven move

The 35,000-square-foot former Macallister-Bicknell building in New Haven has sold for $350,000 to a New York City businessman who plans to move his lighting-equipment distribution business.

H. Pearce Commercial Real Estate represented seller Macallister-Bicknell Co. in the transaction with buyer Shih-Tsung Hu, of Brooklyn.

• • •

Fairfield County leases/sale

Broker Angel Commercial LLC recently completed four realty transactions in Fairfield County covering 9,000 square feet of sold or leased space.

Klein Co. Plumbing and Heating leased the remaining 2,040 square feet of industrial space at 816 Honeyspot in Stratford. Angel represented the landlord in the lease.

The Grumpy Hog LLC, a mobile barbecue catering business, leased 2,568 square feet of industrial space at 118 Albion St. in Bridgeport. Angel represented the tenant.

Relocating from Bridgeport, Steel Windows and Doors USA purchased 690 Surf Ave. in Stratford for $150,000 in a short sale.

The 3,200-square-foot industrial building will be renovated to become the company's new U.S. headquarters as well as a showroom for direct sales. Steel Windows and Doors imports high-end doors and windows from Europe.

Bourque represented both the seller and buyer in this short sale transaction.

Fairfield Board Co. LLC leased 1,300 square feet of office-retail space at 1700 Post Road, Heritage Square, in Fairfield. The firm sells boards, paddles, and skateboards as well as clothing and accessories.

In addition to the retail, Fairfield Board is working with the town of Fairfield to run camps and give lessons, as well as offering stand-up paddle yoga classes. Bourque represented the tenant in lease negotiations.

• • •

Basket Gallery's space

The Basket Gallery LLC leased 1,000 square feet of retail space at 55-57 State St. in North Haven.

H. Pearce Commercial Real Estate represented both tenant and landlord, John DeChristofaro, in the lease.

• • •

GoodTV's Guilford lease

5/10 email w/ pic

GoodTV LLC leased 360 square feet at 2415 Boston Post Road in Guilford.

GoodTV owner Zinka Benton said the firm specializes in designing Web sites.

The Geenty Group, Realtors was sole broker in the lease with landlord Mariner Properties LLC.

Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.

Greg Seay is the Hartford Business Journal Web Editor.

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