Hartford Business Journal

10 Hartford Business Journal • May 4, 2015 www.HartfordBusiness.com To view the full list, please visit HartfordBusiness.com ▶ ▶ Did we miss you? We want to publish the most complete and accurate lists possible. To correct an error or submit information, contact Roger Magnus, research director, at (508) 755-8004, ext. 263 or rmagnus@nebusinessmedia.com. THE LIST Largest 2014 commercial property sales in the Hartford region (Ranked by sales price) Rank Property Sales price Square feet Buyer Seller Buyer's broker/ Seller's broker 1 Century Hills, 98 Cold Spring Rd. Rocky Hill $56,400,000 594,186 Century Hills Property Owner LLC (JRK Property Holdings) Gallery Towers LLC (Capital Properties) N/A Cushman & Wakefield 2 Newbury Village, 211 Pomeroy Ave. Meriden $27,500,000 176,732 211 Pomeroy LLC Newbury Properties DE LLC N/A CBRE 3 Avon Mill, 75 Avonwood Rd. Avon $27,300,000 286,887 Avon Mill LLC (Cohen Family LP c/o Stanley Cohen) 64 Avonwood Road Assoc. LLC (David Lattizori) Chozick Realty Chozick Realty 4 Merritt Station, 164 Scott St. Meriden $24,700,000 241,570 Paredim Acquisitions LLC (Paredim Partners) Merritt Station LLC (The Solomon Organization - Marshall Rosen) N/A Marcus & Millichap 5 CityPlace II, 185 Asylum St. Hartford $20,580,000 301,611 CityPlace II LLC COMM 2006-C8 Asylum Street LLC N/A LNR Partners LLC 6 1690 New Britain Ave./Rte. 6 Farmington $20,500,000 165,264 Albany Road Real Estate Partners AFI Inc. N/A CBRE/NE 7 Williamsburg Apartments, 250 Bloomfield Ave. Windsor $19,225,000 123,160 Windsor Holdings LLC Williamsburg Associates LP (Ian Winkler) N/A Chozick Realty 8 Hunters Crossing, 1 Russet Ln. Middletown $16,400,000 118,860 Hunters Crossing LLC Middletown Apartments Assoc., LLC N/A Marcus & Millichap 9 Meriden Executive Park, 530 & 538 Preston Ave. Meriden $16,300,000 155,000 Albany Road Real Estate Partners TC Meriden LLC N/A CBRE/NE 10 Cornfield Apartments, 60 Pinney St. Ellington $14,634,876 184,296 Ellington Cornfield Assoc. Cornfield Assoc. LP N/A N/A 11 Bushnell on the Park, 100 Wells St. (1) Hartford $14,325,000 131,413 Bushnell Condos LLC (Gideon Asset Management LLC) HPI Bushnell LLC (Hamilton Point Investments) N/A Chozick Realty 12 110 Old County Cir. Windsor Locks $14,200,000 226,661 GTJ REIT S. Family LLC CBRE/NE CBRE/NE 13 463 Prospect Ave. West Hartford $10,000,000 24,600 Lerner Properties LLC HPE Boulevard LLC (2) N/A Holliday Fenoglio Fowler LP 14 Vernon Gardens, 695 Talcottville Rd. Vernon $9,600,000 134,300 Vernon Gardens LLC (Peter Gjelaj & Nush Gjelaj) Verconn 2 LLC Marcus & Millichap Marcus & Millichap 15 600 Day Hill Rd. Windsor $8,600,000 188,000 AIC Ventures The Spencer Turbine Co. N/A N/A 16 South Adams Apartments, 40 Olcott St. Manchester $8,150,000 116,946 South Adams Apartments LP (KWK Management, LLC) New England Residential Properties LP Marcus & Millichap Marcus & Millichap 17 Heritage Commons, 38 Boston Rd. Middletown $8,000,100 92,501 Middletown Heritage Assoc. (MCR Property Management) Boston Road Associates LP Creative Management and Realty Co. Inc. - Scott Ziegler) N/A N/A 18 50 & 68 Bassett St. New Britain $7,536,000 193,402 School Housing LP School Associates LP N/A N/A 19 Orchard Acres, 45 Cheney Dr. Mansfield $5,850,000 125,260 Orchard Acres Apartments LLC (Gajewski Trust - William Gajewski) 157-35 OAP Holdings LLC (CW Financial Services LLC) Chozick Realty Chozick Realty 20 288 Pine St. & 45 Hawthorne St. Bristol $5,810,000 68,752 MPT Partners LLC (Paula Licitra) Hawthorne Bristol LLC & Pine Bristol LLC (Kenneth Mahler) Northeast Private Client Group LLC - Bradley Balletto Northeast Private Client Group LLC - Bradley Balletto 21 The School Apartments, 161 South Main St. New Britain $5,764,000 99,089 School Housing Partners LP (Vitus Group) Goodwin Associates LP (Crowninshield Management Corp.) N/A N/A 22 607-655 Broad St., 164-188 Lawrence St. (3) Hartford $5,100,000 96,735 Steele Casa Nueva LLC Broad Lawrence Assoc. N/A N/A 23 18 Craftsman Rd. East Windsor $4,800,000 275,000 SBS International STR Solar LLC Cushman & Wakefield Colliers International 24 Wallingford Business Park, North Colony Rd. Wallingford $4,550,000 389,000 Wallingford Business Park LLC Naugatuck Wallingford LLC Reno Properties Group LLC Reno Properties Group LLC 25 Tower Business Center, 3580 Main St. Hartford $3,900,000 320,000 3580MainST LLC Tower Business Center LLC N/A RM Bradley Co. 26 1 Market Cir. Windsor $3,750,000 349,000 Cornerstone Realty Inc. Performance Food Group CBRE/NE Fischer & Co. 27 35 Manning Rd. Enfield $3,500,000 235,000 M.F. Discala Hallmark Cards Colliers International Colliers International 28 855 Winding Brook Dr. Glastonbury $3,200,000 32,000 The Nutmeg Group LLC Meandering Stream 855 LLC Colliers International N/A 29 1224 Mill St. Berlin $3,030,000 35,000 Yisroel Rabinowitz Casle Corp. N/A N/A 30 2080 Silas Deane Hwy. Rocky Hill $2,800,000 44,000 28 Professional Center LLC 2080 Realty LLC O,R&L Commercial O,R&L Commercial 30 44 Baker Hollow Rd. Windsor $2,800,000 40,000 O.S.F. Flavors The Real Group LLC N/A N/A Source: CBRE/New England (special thanks to Joshua Koladis and Giulia Wakim), news reports, and municipal assessors offices. Note: NA = Not Available (1) Partial interest - 129 of 180 units. (2) An affiliate of Hirschfeld Properties LLC. (3) Sale comprised 11 buildings in total. —Compiled by Roger Magnus and Heide Martin. Rank Property Sales price Square feet Buyer Seller Buyer's broker/ Seller's broker 1 Century Hills, 98 Cold Spring Rd. Rocky Hill $56,400,000 594,186 Century Hills Property Owner LLC (JRK Property Holdings) Gallery Towers LLC (Capital Properties) N/A Cushman & Wakefield 2 Newbury Village, 211 Pomeroy Ave. Meriden $27,500,000 176,732 211 Pomeroy LLC Newbury Properties DE LLC N/A CBRE 3 Avon Mill, 75 Avonwood Rd. Avon $27,300,000 286,887 Avon Mill LLC (Cohen Family LP c/o Stanley Cohen) 64 Avonwood Road Assoc. LLC (David Lattizori) Chozick Realty Chozick Realty 4 Merritt Station, 164 Scott St. Meriden $24,700,000 241,570 Paredim Acquisitions LLC (Paredim Partners) Merritt Station LLC (The Solomon Organization - Marshall Rosen) N/A Marcus & Millichap 5 CityPlace II, 185 Asylum St. Hartford $20,580,000 301,611 CityPlace II LLC COMM 2006-C8 Asylum Street LLC N/A LNR Partners LLC 6 1690 New Britain Ave./Rte. 6 Farmington $20,500,000 165,264 Albany Road Real Estate Partners AFI Inc. N/A CBRE/NE 7 Williamsburg Apartments, 250 Bloomfield Ave. Windsor $19,225,000 123,160 Windsor Holdings LLC Williamsburg Associates LP (Ian Winkler) N/A Chozick Realty 8 Hunters Crossing, 1 Russet Ln. Middletown $16,400,000 118,860 Hunters Crossing LLC Middletown Apartments Assoc., LLC N/A Marcus & Millichap 9 Meriden Executive Park, 530 & 538 Preston Ave. Meriden $16,300,000 155,000 Albany Road Real Estate Partners TC Meriden LLC N/A CBRE/NE 10 Cornfield Apartments, 60 Pinney St. Ellington $14,634,876 184,296 Ellington Cornfield Assoc. Cornfield Assoc. LP N/A N/A 11 Bushnell on the Park, 100 Wells St. (1) Hartford $14,325,000 131,413 Bushnell Condos LLC (Gideon Asset Management LLC) HPI Bushnell LLC (Hamilton Point Investments) N/A Chozick Realty 12 110 Old County Cir. Windsor Locks $14,200,000 226,661 GTJ REIT S. Family LLC CBRE/NE CBRE/NE 13 463 Prospect Ave. West Hartford $10,000,000 24,600 Lerner Properties LLC HPE Boulevard LLC (2) N/A Holliday Fenoglio Fowler LP 14 Vernon Gardens, 695 Talcottville Rd. Vernon $9,600,000 134,300 Vernon Gardens LLC (Peter Gjelaj & Nush Gjelaj) Verconn 2 LLC Marcus & Millichap Marcus & Millichap 15 600 Day Hill Rd. Windsor $8,600,000 188,000 AIC Ventures The Spencer Turbine Co. N/A N/A 16 South Adams Apartments, 40 Olcott St. Manchester $8,150,000 116,946 South Adams Apartments LP (KWK Management, LLC) New England Residential Properties LP Marcus & Millichap Marcus & Millichap 17 Heritage Commons, 38 Boston Rd. Middletown $8,000,100 92,501 Middletown Heritage Assoc. (MCR Property Management) Boston Road Associates LP Creative Management and Realty Co. Inc. - Scott Ziegler) N/A N/A 18 50 & 68 Bassett St. New Britain $7,536,000 193,402 School Housing LP School Associates LP N/A N/A 19 Orchard Acres, 45 Cheney Dr. Mansfield $5,850,000 125,260 Orchard Acres Apartments LLC (Gajewski Trust - William Gajewski) 157-35 OAP Holdings LLC (CW Financial Services LLC) Chozick Realty Chozick Realty 20 288 Pine St. & 45 Hawthorne St. Bristol $5,810,000 68,752 MPT Partners LLC (Paula Licitra) Hawthorne Bristol LLC & Pine Bristol LLC (Kenneth Mahler) Northeast Private Client Group LLC - Bradley Balletto Northeast Private Client Group LLC - Bradley Balletto 21 The School Apartments, 161 South Main St. New Britain $5,764,000 99,089 School Housing Partners LP (Vitus Group) Goodwin Associates LP (Crowninshield Management Corp.) N/A N/A 22 607-655 Broad St., 164-188 Lawrence St. (3) Hartford $5,100,000 96,735 Steele Casa Nueva LLC Broad Lawrence Assoc. N/A N/A 23 18 Craftsman Rd. East Windsor $4,800,000 275,000 SBS International STR Solar LLC Cushman & Wakefield Colliers International 24 Wallingford Business Park, North Colony Rd. Wallingford $4,550,000 389,000 Wallingford Business Park LLC Naugatuck Wallingford LLC Reno Properties Group LLC Reno Properties Group LLC 25 Tower Business Center, 3580 Main St. Hartford $3,900,000 320,000 3580MainST LLC Tower Business Center LLC N/A RM Bradley Co. 26 1 Market Cir. Windsor $3,750,000 349,000 Cornerstone Realty Inc. Performance Food Group CBRE/NE Fischer & Co. 27 35 Manning Rd. Enfield $3,500,000 235,000 M.F. Discala Hallmark Cards Colliers International Colliers International 28 855 Winding Brook Dr. Glastonbury $3,200,000 32,000 The Nutmeg Group LLC Meandering Stream 855 LLC Colliers International N/A 29 1224 Mill St. Berlin $3,030,000 35,000 Yisroel Rabinowitz Casle Corp. N/A N/A 30 2080 Silas Deane Hwy. Rocky Hill $2,800,000 44,000 28 Professional Center LLC 2080 Realty LLC O,R&L Commercial O,R&L Commercial 30 44 Baker Hollow Rd. Windsor $2,800,000 40,000 O.S.F. Flavors The Real Group LLC N/A N/A Source: CBRE/New England (special thanks to Joshua Koladis and Giulia Wakim), news reports, and municipal assessors offices. Note: NA = Not Available (1) Partial interest - 129 of 180 units. (2) An affiliate of Hirschfeld Properties LLC. (3) Sale comprised 11 buildings in total. —Compiled by Roger Magnus and Heide Martin. more cross-generational approach to the design. Q: What else should we know about the changing face of retirement communities? Brown: In the future, retirement com- munities will integrate and blend in with the local community and amenities provided will be open to the public. These up-and-coming seniors will also be looking for communities that feel like a town center with walkable, on- site amenities such as wellness centers, multi- ple dining choices, a market/convenience store, a coffee shop, a bank, and perhaps a theater. Another approach will be to integrate senior communities into existing urban centers where those amenities already exist. We foresee a time when many will be mul- tigenerational communities. Memory care services are being added at a rapid rate. As Boomers have always been a very socially responsible group with many environmental advocates, sustainability and green build- ing will be integrated and marketed in more communities. Lastly, these communities will have enhanced amenities that support life-long health for the mind and body such as improved fitness centers, bike and nature trails, classrooms for continuing education, and community gardens. Today's seniors are very interested in retaining their vitality and fitness and they expect to find environments that support these demands. n Q&A: Boomers

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