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March 21, 2024

West Hartford bank building sells for $6.9M

Costar 1013 Farmington Ave., West Hartford

Middletown-based real estate development and investment duo Michael Stone and Michael Fleischmann recently paid $6.9 million for a 17,646-square-foot West Hartford commercial building primarily occupied by an M&T Bank branch.

West Hartford-based Lavery Brothers 1013 LLC sold the 1989-vintage building on roughly 1-acre at 1013 Farmington Ave., to a limited liability company tied to Stone and Fleischmann, in a sale recorded by the town on Feb. 20.

Attempts to reach Stone and Fleischman were unsuccessful.

The two were also involved in an $8 million purchase in 2019 of a neighboring 37,635-square-foot, multi-tenant retail building on nearly 1.9 acres at 1003 Farmington Ave.

The property at 1013 Farmington Ave. was sold by Lavery Brothers 1013 LLC, of West Hartford. 

The principals of the selling LLC include Robert J. Lavery, of Charlestown, Rhode Island; Elizabeth Lavery Schwab, of West Hartford; Jennifer Lavery Grant, of Charlestown, Rhode Island; Lynn Lavery Davies, of Melbourne Village, Florida; and Samantha Lavery Greeno, of Moravian Falls, North Carolina. 

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