December 4, 2017
DEAL WATCH

Sale of Hartford area apt. trio brings $6.75M

Photo | Contributed
Photo | Contributed
Mark Twain Apartments, Hartford; Cardinal Hill Apartments, New Britain.
Photo | Contributed
Gregory Seay, News Editor

A portfolio of three apartments in Hartford and New Britain recently sold for a combined $6.75 million, brokers said.

New York investor Up Realty purchased Hartford's Mark Twain Apartments and the Candlewood and Cardinal Hill Apartments, both in New Britain.

Chozick Realty in Hartford brokered the deals, including facilitating the sale of Candlewood and Mark Twain for the second time.

The Mark Twain, 367-381 Farmington Ave., has 65 units adjacent to the historic Mark Twain House, in the shadow of the St. Francis Hospital and Medical Center complex. It sold for $2.6 million. The seller was Farmington Avenue Apartments LLC, city records show.

In New Britain, Candlewood Apartments, 123-131 Clinic Drive, consists of 40, two-bedroom units on a 1.66-acre site. The seller, BH Candlewood LLC, sold the complex for $2.65 million or $66,250 per unit.

Cardinal Hill, 265 Kensington Ave., has 29 large studio units, each with private balconies. Two Hundred Sixty Five sold the property for $1.5 million, or $51,724 per unit.

$1.85M Middletown sale

A 14,922-square-foot Middletown commercial condominium that AT&T occupies sold recently for $1.85 million, brokers said.

Blackdot bought 362 Industrial Park Road from LV Sakon LLC, said seller's broker Press/Cuozzo Commercial Services.

Drubner Commercial and Sakon Development co-brokered the transaction.

BTX Global renews in Windsor

BTX Global Logistics renewed its lease on 5,100 square feet of leased office and industrial space at 800 Marshall Phelps Road in Windsor.

The Marshall Phelps Road industrial facility has 40,000 square feet located on 24.1 acres. Sponzo Enterprises LLC is landlord.

Sentry Commercial was the tenant's broker.

UPM’s S. Windsor expansion

Ohio specialty metals distributor United Performance Metals has expanded its South Windsor facility.

UPM, based in Hamilton, Ohio, said it added 10,000 square feet to its facility at 350 Pleasant Valley Road, raising its footprint to 58,000 square feet.

UPM has nine locations worldwide, providing stainless steel, titanium, aluminum and other specialty metals to the aerospace, fastener, medical, power generation, oil and gas, and semiconductor markets.

UPM is an affiliate of O'Neal Industries, of Birmingham, Ala.

Comments

Type your comment here:

ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media