November 21, 2016
Deal Watch

Hartford's STV|DPM wraps $15M Danbury med-office

PHOTO | Contributed
PHOTO | Contributed
Connecticut Institute for Communities' new home at 120 Main St., Danbury.
PHOTO | Contributed
250 South Road, Enfield.

Hartford's STV|DPM, formerly Diversified Project Management, says completion is nearing on a 37,000-square-foot, $15 million medical-office building in Danbury's CenterCity development.

STV|DPM said it provided owner's project management services including finance and budget management, as well as construction administration/observation and commissioning for the Connecticut Institute for Communities (CIC) of the building at 120 Main St. for use by its Greater Danbury Community Health Center.

Greater Danbury Community Health will occupy the lower floors, with CIC's administrative offices on the top floor, officials said.

The new community health center facility, at the corner of Main and Boughton streets, will house clinical medical services, behavioral health services and CIC administration offices, CIC said. It includes a pharmacy and easy access to parking and public transportation, and is projected to serve about 20,000 patients annually.

Verdi Construction of Bethel was general contractor. Farmington's Quisenberry-Arcari Architects and Waterbury's Studio Q Architects designed the building.

In addition to state and federal tax credits, the project also received a $4 million grant from the state Department of Community and Economic Development, STV|DPM said.

Union Savings Bank of Danbury and Boston's Eastern Bank of Boston provided mortgage financing.

$2.9M Enfield sale

A 114,300-square-foot Enfield industrial building that once housed manufacturing operations for 3M sold recently for $2.9 million, brokers say.

Maragust Holdings LLC bought the building on 8.98 acres at 250 South Road from 3M Purification Inc.

3M shut the facility in late 2014 and relocated its operations to Minnesota, where it's based.

Sentry Commercial represented the buyer. Cushman & Wakefield of Connecticut represented the seller.

First Choice's $1.05M buy

First Choice Health Centers Inc. has purchased a 16,000-square-foot East Hartford office building for $1.05 million to expand operations.

Based in town, First Choice said the purchase of 809 Main St. and 37 Connecticut Blvd. won't impact its existing facilities.

809 Main Street Associates LLC was the seller.

Colliers International was sole broker in the deal.

$600K Hartford sale

A 25,000-square-foot Hartford property on New Park Avenue was acquired for $600,000 for use as a grocery store, brokers say.

HA and ANH Properties purchased 561-567 New Park Ave. from 571 New Park Avenue Corp.

Colliers International represented the seller.

Wallingford Biz Park lease

Mark IV Transportation & Logistics has leased 36,100 square feet of high-bay space in the Wallingford Business Park, 718 N. Colony Road, brokers say.

Based in Kearny, N.J., Mark IV relies on a fleet of vans, trucks and tractor-trailers and warehouses as part of its network of transport-expediting service centers along the eastern seaboard, according to leasing broker Reno Properties Group LLC.

A Reno affiliate, too, is the 309,000-square-foot business park's landlord.

Colliers' area leases

Hartford commercial broker Colliers International has listed a series of area commercial lease signings and renewals. Colliers was sole broker, except where noted.

In Cheshire, Atlantic Inertial Systems Ltd., which makes sensors and navigation aids for aircraft and weapons systems, renewed its 160,000-square-foot lease at 250 Knotter Drive. Colliers represented landlord Louis DeBernardinis Trust. Cushman & Wakefield represented the tenant.

In Middletown, Springfield mechanical contractor Harry Grodsky & Co. Inc. signed up for 16,000 square feet of office-industrial space at 299 Industrial Park Road. Colliers represented both tenant and landlord, Twenty Lexington LLC.

In Newington, Florida structural designer-construction manager Infrastructure Engineers Inc. inked a long-term lease on 4,750 square feet at 50 Budney Road. Colliers represented landlord 50 Budney Road LLC and was sole broker.

Also in Newington, Massachusetts hazard-waste remediator Triumvirate Environmental Inc. agreed to a long-term lease of 11,000 square feet at 80 Fenn Road from landlord Fenn Road 80 LLC.

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Gregory Seay is the Hartford Business Journal News Editor.

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