March 18, 2013
Deal Watch

Bank of CT’s New Haven home sold for $1.9M

Celldex Therapeutics’ leased space in Branford.
New landford for Bank of Southern Connecticut.

The New Haven headquarters for Bank of Southern Connecticut sold recently for $1.9 million, realty authorities say.

NET2-215 Church LLC bought the two-story, 11,306-square-foot brick building at 215 Church St., next door to the Quinnipiac Club, from 215 Church Street LLC in late February.

The bank is the building's sole tenant, where it has corporate operations and a branch location, according to Press/Cuozzo Realtors, the seller's broker.

• • •

Bristol mixed-use property sells for $290K

A nine-unit mixed use building in Bristol's West End sold recently for $290,000, realty soruces say.

The property at 177 West St. is fully leased to three curbside retail tenants, totaling 3,345 square feet. There are six residential apartments above, totaling 6,690 square feet.

Sarjac Partners LLC sold the building to STI Properties LLC, which plans improvements. It was STI's second Bristol purchase, following last year's acquisition of a building on Route 6.

Bristol's Morrow Realty was sole broker in the sale.

• • •

ReSET’s Pratt St. space

Hartford firm reSET signed a downtown lease for 4,646 square feet at 99 Pratt St. for corporate headquarters.

ReSET promotes social enterprise by helping entrepreneurs create public good.

RM Bradley Brokerage Co. represented reSET. Landlord is Sampol Realty Corp.

• • •

Branford office lease

One Equity Brokers LLC lease 1,040 square feet of office space at 9 Business Park Drive in Branford.

The Geenty Group, Realtors, represented landlord Bellaire Properties Inc.

Greater New Haven Realty in Orange was tenant agent.

• • •

Vesta’s Simsbury move

Vesta Corp. is relocating Simsbury corporate headquarters cross town, a move to larger quarters they housing redeveloper says mirrors its three-year expansion goal.

Vesta leased 13,000 square feet at 175 Powder Forest Drive, about a mile north of its current quarters at 245 Hopmeadow St., in the Weatogue section of town.

Principals Steve Erie and Arthur Greenblatt say their goal is grow Vesta into a top 30 owner of more than 8,000 affordable apartment units by 2016.

Goman + York Property Advisors represented Vesta in the lease. Jones Lang LaSalle represented landlord Woodgreen Simsbury LLC.

Clohessy, Harris & Kaiser LLC will provide design and architectural services.

Hartford interior remodeler Diversified Project Management Inc. will oversee build-out of Vesta's new space, which Vesta expects to occupy around June 1, authorities said.

• • •

Celldex’s Branford move

Massachusetts biotech Celldex Therapeutics Inc. leased 6,600 square feet for offices in Branford.

Celldex, of Needham, Mass., is moving its Connecituct operations from New Haven to 688 E. Main St. in Branford, where three other biotech firms already are housed in the building outfitted with laboratory and cold-room space, realty sources said.

Celldex develops immunotheraphy medications that rely on antibodies target cancer cells.

The Geenty Group, Realtors, represented landlord Parish Farms Partners LLC in the lease. Jones Lang LaSalle represented Celldex.

National Alliance on Mental Illness Connecticut signed a six-year lease for 3,300 square feet at 576 Farmington Ave. in Hartford.

NAMI will be moving crosstown from smaller space at 241 Main St.

NAMI offers support, education and advocacy to people living with mental illnessess, their family members, friends, professionals and the public at large.

RM Bradley Brokerage Co. tenant and the landlord.

• • •

New Balance’s S. Windsor redo

New Balance footwear store in South Windsor has been expanded, doubling its size.

At The Promenade Shops at Evergreen Walk, the store occupies 4,000 square feet, of which half recently underwent renovation.

Franchisee Michael Disibio, who operates a second New Balance store in Avon Marketplace, is the tenant.

The South Windsor location originally opened in May 2006.

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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