Hartford Business Journal

12 Hartford Business Journal • April 27, 2015 www.HartfordBusiness.com DEAL WATCH Hands On Hartford begins $7M work on new offices N onprofit Hands On Hartford has begun conversion of the former Spaghetti Warehouse restaurant site into new offices in the city's Parkville neighborhood. Hands broke ground recently at 45-55 Bartholomew Ave. to recycle a pair of build- ings cleared by the State Historic Preserva- tion Council for inclusion on the state regis- ter of historic places. The approximately $7 million project will cover 22,197 square feet on two floors of one of the buildings and include 13 apartments, plus space for neighborhood services, vol- unteer action center, job training, a café, staff offices and community-event space. Completion is set for late this year. Housing Enterprises is the project man- ager. Hartford's Crosskey Architects is the designer. Naek Construction is contractor. • • • Taymil's new CT refi Massachusetts landlord Taymil Partners for the second time in a year refinanced one of its Hartford area apartment properties, this one for $3.5 million, financiers say. Taymil Stonebridge Portfolio LLC got a new mortgage to fund capital improve- ments on its 80-unit Stonebridge Apart- ments, 159 Pinney St., in Ellington from Rhode Island lender Washington Trust, the lender says. Built in 1980, Stonebridge has one-bed- room, garden-style apartments, averaging 614 square feet apiece. The apartment property's improvements will include upgrades to unit interiors and common areas and also installed will be new windows, sliding doors, appliances and countertops, updated roofing and pav- ing and enhancements to the buildings plumbing and electric. Stonebridge is the fifth Taymil property that Washington Trust says it has refinanced. In March 2014, it refinanced Taymil's 72-unit Manchester Green Apartments, 167 E. Center St., for $3.9 million, also for property capital improvements. Taymil, based in Framingham, Mass., has 10 other Connecticut multifamily prop- erties, including Arbor Commons, Pinney Brook, all in Ellington; and Fox Hill Com- mons in Vernon. Its other apartment hold- ings are in Massachusetts, Maine, New Hampshire and Rhode Island. • • • $1.2M Meriden buy Logan Steel recently paid $1.2 million for a 166,330-square-foot Meriden manufactur- ing-warehouse facility. Atlas Container LLC sold the 12.4-acre property at 119 Empire Ave., a mile from the Berlin Turnpike/Route 5-15, where Logan reportedly plans to consolidate this spring operations of four of its Meriden-Walling- ford area locations. Realty broker-adviser Binswanger was sole broker in the sale. Built in the mid-1960s with additions done in the 1990s, the single-story building has a wide-open layout, nearly 27-foot ceiling heights, heavy power and an active rail spur. • • • The Residence bows Resident move-in has started now that construction is finished on 80 assisted- living and memory-care units and facilities at The Residence at South Windsor Farms. LCB Senior Living LLC, of Norwood, Mass., developed the 60,000-square-foot, three-story building at 200 Deming St. Residents began moving in March 1. Congress Building Corp., of Peabody, Mass., was the contractor • • • CRI's Newington space Nonprofit Community Residences Inc. has leased 25,500 square feet for its corpo- rate and administrative offices at 50 Rock- well Road, Newington. Reno Properties Group LLC was sole broker in the lease between tenant and landlord 50 Rockwell Road LLC. CRI provides the state's needy residents with housing, jobs and foster parent/adop- tion services. • • • Glastonbury teardown A 0.46-acre Glastonbury tract with a small house sold recently for $379,000 to make way for a new retail site, brokers say. Buyer Ron Gattinella acquired 279 Hebron Ave. from sellers Edward P. Urbanski Jr.; and Francis Ann Juda, seller's broker Pearce Real Estate said. Colliers International represent- ed the buyer. The owner plans to raze the building to prepare the site for a new retail facility, bro- kers said. n Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com. Gregory Seay is the Hartford Business Journal News Editor. Gregory Seay DEAL WATCH Stonebridge Apartments in Ellington. P H O T O | R E N T . C O M www.hfpg.org 860-548-1888 Making the connections that change lives. For 90 years, the Hartford Foundation for Public Giving has helped to create lasting solutions that result in vibrant communities throughout the Greater Hartford region. Today, we collaborate with donors at every level, nonprofits of every kind and community leaders from every sector, harnessing the passion and the expertise to connect those who want to give with those who can make a difference in the lives of others. Join us and discover how we are making change for the better by working together for good.

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