Hartford Business Journal

14 Hartford Business Journal • June 6, 2016 www.HartfordBusiness.com Two South End Hartford apartments bring $4.5M A pair of Hartford apartments totaling 80 units in the city's South End have been sold, a loan broker says. New York-based Aria Legacy Group LLC acquired a 70-unit property at 37 Charter Oak Place and another at 29 Char- ter Oak Ave., with 10 units and a pair of ground-floor spaces from seller DR Man- agement, according to the acquirer's lend- ing broker Eastern Union Funding. According to Eastern Union, it arranged $4.5 million in acquisition financing for the two apartment commu- nities in the South Green neighborhood with CBRE Capital Markets. Purchase price wasn't disclosed. Both were built in the 1930s and underwent a full rehabilitation in 2014, according to an Eastern Union spokes- woman. Their combined occupancy rate is 98 percent. With the latest acquisitions, privately held Aria has expanded its Connecticut footprint. Last November, it acquired a pair of Waterbury apartment complexes, Eastern Union said. $1.12M for Bobcat sites An East Hartford industrial building is one of a pair of Connecticut/Massachu- setts properties housing Bobcat earth- moving/excavation equipment dealer- ships that recently sold for a combined $1.12 million, brokers say. SSG Holdings LLC acquired the 12,404-square-foot building on twin lots totaling 3 acres at 50 and 54 Alna Lane from sellers MEDD Co. LLC and Alna East LLC, according to broker Reese Commercial. The second property sold was an 8,400-square-foot industrial building on a half-acre at 181 Wayside Drive in West Springfield, Mass., Reese said. Bobcat of Connecticut Inc. is a tenant in both sites for its regional sales-service dealerships, Reese said. UHart's Bloomfield renewal The University of Hartford has renewed its 9,400-square-foot lease of Bloomfield industrial space that The Hartt School of Music uses to build production sets. The Hartt School has used the space at 522 Cottage Grove Road as its set-building shop since 2001, the university said. Kinneret Associates LP owns the 64,000-square-foot, multi-tenant indus- trial complex on 22.3 acres. Sentry Commercial was the sole bro- ker in the lease. Bristol's Park Plaza sold Bristol's Park Plaza shopping center recently drew a $4.725 million sale price at auction, brokers say. Ettcon & Co. LLC of Granby on May 10 sold the 45,000-square-foot property at 45, 59 and 81 N. Main St., according to selling broker Real Living Wareck D'Ostilio. Arnold Peck Realty World represented Ettcon & Co. The shopping center will remain as is, the selling broker said. Plastic Mold's E. Windsor relo Plastic Mold and Design LLC has leased 1,560 square feet of industrial space in Vernon to relocate from East Windsor. The space is inside the 52,000-square- foot industrial building on six acres at 77 Industrial Park Road that landlord Mel- Pet Realty Co. owns, according to sole broker Sentry Commercial. Plastic Mold relocated from North Road in East Windsor. n Deal Watch wants to hear from you. E-mail it, along with contact informa- tion to: gseay@HartfordBusiness.com. Gregory Seay is the Hartford Business Journal News Editor. Gregory Seay 50 & 54 Alna Lane in East Hartford. P H O T O | C O N T R I B U T E D 37 Charter Oak Place is the larger building, abutted by the squatter 29 Charter Oak Ave. building, both in Hartford. P H O T O | C O N T R I B U T E D DEAL WATCH Presented by: Get What You Need to Achieve Monday, June 13, 2016 Featured Seminar The New Connecticut Uniform LLCs Act Find out more and register at ctlegalconference.com Gold Sponsor: Silver Sponsors: Marcel J. Bernier, Murtha Cullina LLP Paul B. Edelberg, Fox Rothschild LLP Matthew H. Gaul, Carmody Torrance Sandak Hennessy LLP David M. Levine, Cohen & Wolf PC Mark G. Sklarz, Green & Sklarz LLC From Central Connecticut's trusted business news source. It's the up-to-date information you need to do better business! and HBJToday Get local breaking business news daily! HBJToday and CT Morning Blend are FREE and you may unsubscribe at any time. Sign up today at HartfordBusiness.com: Click on the 'SUBSCRIBE' button

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