Issue link: https://nebusinessmedia.uberflip.com/i/765546
Real Estate 50 Hartford Business Journal • decemBer 26, 2016 www.HartfordBusiness.com BOOK OF LISTS & ECONOMIC FORECAST 2016-2017 Largest 2016 commercial property sales in Greater Hartford (1) (Ranked by sales price) Rank Property Sales price Square feet Buyer Seller Buyer's broker/ Seller's broker 1 200 Old Iron Ore Road Windsor $105,500,000 1,017,517 Deka Immobilien Prologis JV Norges Bank Colliers International; Savills Studley CBRE/NE 2 Squire Village Apartments, 72 Spencer St. Manchester $70,000,000 NA (2) Jonathan Rose Cos. JV TIAA-CREF Squire Village Associates Marcus & Millichap Marcus & Millichap 3 Hawthorne At Gillette Ridge, 2 Francis Way Bloomfield $52,000,000 NA (3) White Eagle Property Fairfield Residential JV Bouwfonds IM IPA, a division of Marcus & Millichap IPA, a division of Marcus & Millichap 4 Chestnut Hill Apartments, 5 Town Colony Drive Middletown $47,000,000 NA (4) Hampshire Properties Equus Capital Partners NA IPA, a division of Marcus & Millichap 5 Northwoods Apartments, 1 Dove Lane Middletown $46,400,000 NA (5) Hampshire Properties Equus Capital Partners NA IPA, a division of Marcus & Millichap 6 Shops at Somerset Square, 120-170 Glastonbury Blvd. Glastonbury $42,000,000 114,000 Rouse (Brookfield) HB Nitkin Group NA Newmark Grubb Knight Frank 7 Shops at Nod Brook, 315 W. Main St. Avon $29,000,000 94,113 Wilder Cos JV Principal RE Investors Midwood Management NA HFF 8 Somerset Square, 140 Glastonbury Blvd. Glastonbury $26,600,000 112,414 Katz Properties TA Realty NA Newmark Grubb Knight Frank 9 Newington Business Center, 475 Willard Ave. Newington $22,400,000 614,600 Barry Friedman Hampshire Cos. NA NA 10 Westgate Apartments, 1248-1260 Farmington Ave. West Hartford $21,044,528 NA (6) John Buckley Solomon Organization JV Silverman Group NA CBRE/NE 11 Fox Hill, 168 Fox Hill Lane Enfield $20,500,000 NA (7) Navarino Capital Management LLC Equity Residential Marcus & Millichap Marcus & Millichap 12 Briar Knoll, 401-89 Talcotville Road Vernon $18,500,000 NA (8) Navarino Capital Management LLC Equity Residential Marcus & Millichap Marcus & Millichap 13 Cromwell Commons, 136 Berlin Road Cromwell $16,700,000 113,663 Nugent Organization Mark Breiner NA NA 14 Colonial & Rivermead, 359 High St. East Hartford $14,820,000 NA (9) RHP Properties FollettUSA NA NA 15 Former Hallmark Distribution Center, 25 Bacon Road Enfield $12,500,000 1,000,000 Winstanley Enterprises Hallmark Cards Inc. NA CBRE/NE 16 Springhill Suites, 225 Ella Grasso Turnpike Windsor Locks $12,000,000 NA (10) Archgrove Hospitality Commonwealth Hotels NA NA 17 High Meadow, 110 Jobs Hill Road Ellington $11,000,000 NA (11) Navarino Capital Management LLC Equity Residential Marcus & Millichap Marcus & Millichap 18 Woodbridge-Newington, 83 Main St. Newington $8,500,000 NA (12) Navarino Capital Management LLC Equity Residential Marcus & Millichap Marcus & Millichap 19 The Packard, 755 Farmington Ave. West Hartford $7,950,000 NA (13) Packard Apartments LLC 755 Farmington Ave. WH LLC Marcus & Millichap Marcus & Millichap 20 UConn Health, 117 Albany Turnpike Canton $7,676,491 17,782 Roebling Investment Co. Sard Realty V LLC Marcus & Millichap Marcus & Millichap 21 4 Craftsman Road East Windsor $7,400,000 121,455 Industrial Property Trust Craftsman Realty LLC NA NA 22 Bradford Commons, 1518-1570 Willard Ave. Newington $6,500,000 NA (14) Navarino Capital Management LLC Equity Residential Marcus & Millichap Marcus & Millichap 23 520 Saybrook Drive Middletown $5,760,749 33,482 HTA (REIT) Seavest NA NA 24 Park Place West, 158 Newington Road West Hartford $5,500,000 NA (15) NA Luzern Associates LLC NA Marcus & Millichap 25 149-217 Wethersfield Ave. Hartford $5,300,000 NA (16) Jonathan Hook, Menachem Meisner Park Property Management NA United Multi Family Source: CBRE/New England (special thanks to Justice Harrison), news reports, and municipal assessors' offices. NA = Not available or not applicable. (1) Data available for sales from Jan. 1 through Oct. 31. (2) 374 units. (3) 246 units. (4) 314 units. (5) 336 units. (6) 186 units. (7) 168 units. (8) 150 units. (9) 462 units. (10) 119 units. (11) 100 units. (12) 73 units. (13) 74 units. (14) 64 units. (15) 63 units. (16) 135 units. —Compiled by Stephanie R. Meagher.