Hartford Business Journal

HBJ100223UF

Issue link: https://nebusinessmedia.uberflip.com/i/1508534

Contents of this Issue

Navigation

Page 9 of 43

10 HARTFORDBUSINESS.COM | OCTOBER 2, 2023 DEAL WATCH: BUYERS & SELLERS Building Ideas That Work... Contact us at 860.482.7613 or visit us at BorghesiBuilding.com 2155 East Main Street Torrington, Connecticut 06790 © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing ™ is a division of BlueScope Buildings North America, Inc. Borghesi Building & Engineering Co., Inc. will guide you in defining your project goals, help analyze your prospective property and provide a realistic budget. For more than 80 years, Borghesi Building & Engineering Co., Inc. has provided quality and reliability with design and energy efficient construction. With an attractive design, it presents to your customers a comfortable relaxing environment to help promote sales. You will appreciate the quality your facility presents. FUJI PLAZA, TORRINGTON MEN'S WEARHOUSE, WEST SIMSBURY WALGREENS, TORRINGTON CT golf course, vacant property listed for $4.3M A sweeping property in the Litchfield Hills, with a golf course, clubhouse and adjacent vacant parcel for potential development, is on the market for $4.3 million. The listing for 1301 Torringford West St., in Torrington, features a 96.6-acre property that includes the 50.6-acre Eastwood Country Club. The golf course facility was built in 1962 and has a 13,600-square-foot clubhouse/banquet hall. The commercially zoned property includes an adjacent 46-acre vacant lot, "primed for commercial or residential development," according to the listing. Any potential development would be subject to town zoning regulations and approvals. Amy Rio, broker and owner of Glastonbury Execu- tive Real Estate, has the listing. The Eastwood Country Club at 1301 Torringford West St., in Torrington. PHOTO | COSTAR EAST WINDSOR A partnership helmed by Shelton-based real estate developer, broker and financier James Cormier recently paid $1.15 million for 137 vacant acres in East Windsor with hopes of building a mix of housing and commercial uses. Branford-based real estate lending company Sachem Capital Corp. recently sold the prop- erties at 55 Winkler Road, 120 North Road, 173 North Road and two additional, unnum- bered North Road addresses to a limited liability company helmed by Cormier. Cormier said he believes development will be clustered in three or four spots that weave housing and commercial spaces into the land- scape while avoiding wetlands, which make up at least half the property. Cormier said his first meeting with town staff was "very encouraging." They are seeking reasonably affordable housing that will attract families, so Cormier said he's planning a mix of apartments, townhomes and single-family houses, along with commercial buildings. Cormier said he has a partner with a 20% stake in the venture. NORTH HAVEN A 122-unit assisted living and memory care facility in North Haven has been acquired by a national senior housing and healthcare real estate investment fund. Arizona-based Inspired Healthcare Capital in September paid $38.2 million for The Landing at North Haven, a 97,300-square-foot facility, at 201 Clintonville Road. Inspired Healthcare has more than $1.3 billion in assets under management, according to its website. Its portfolio includes numerous senior living facilities on the West Coast and south- east, with two other Northeast properties in New Jersey and Massachusetts. The seller was Columbia Wegman North Haven LLC, an affiliate of Columbia Pacific Advisors. Built in 2018, the two-story facility and 11-acre property has an appraised value of $10.3 million. Blueprint HCRE real estate advisors brokered the deal. OLD SAYBROOK Connecticut-based cannabis company Fine Fettle has purchased an Old Saybrook property that will host a new dispensary. Fine Fettle purchased the 4,920-square-foot retail building at 233 Boston Post Road for $861,702. The site will be one of several new Fine Fettle adult-use cannabis dispensaries planned in Connecticut, joining the company's four existing marijuana retail shops in the state. Ben Zachs, Fine Fettle's chief operating officer, said construction is underway on the 1.2-acre Old Saybrook property, with an expected mid-December opening date. The company had permits for the facility approved earlier this year. Fine Fettle plans to operate a 2,600-square- foot recreational marijuana dispensary at the property. Fine Fettle is also planning a new adult-use cannabis dispensary in Norwalk and a cultivation facility in Bloomfield. Ron and Sam Lyman, of Lyman Real Estate Brokerage & Development, represented the sellers in the Old Saybrook deal, while Pollock Real Estate Co. represented Fine Fettle.

Articles in this issue

Links on this page

Archives of this issue

view archives of Hartford Business Journal - HBJ100223UF