November 10, 2017

Sentry buys stake in Avon firm

Hartford commercial-property broker Sentry Commercial says it bought a stake in Avon's Commercial Property Advisors.

Neither financial terms, nor Sentry's percentage stake in CPA, were disclosed Friday.

Michael Levin, who founded CPA in 1984, said Sentry's stake is a prelude to an eventual full buyout of his five-employee firm, perhaps within three years.

Sentry did not immediately respond to a request for comment.

CPA specializes in industrial, office and retail property management as well as asset management in Connecticut and Western Massachusetts.

Levin said he and his team will continue to manage CPA.

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