Category: Commercial Real Estate (5)

NEW NAME, SAME STRATEGY:CW Landmark

This summer, CW Landmark Group proved that transitions pose no interruption to daily operations.  After relocating to 195 College Street in New Haven and evolving from Calcagni Commercial to CW Landmark—the same brokerage entity now paired with a growing and complementary investment and development arm—the company rolled right into its next closing, this one with a price tag of $16.7 million.

Loyal to his off-market, dual-representation prototype, Ralph Lewis of CW Landmark, aided by teammate Daniel Bernardini, facilitated the sale of Cromwell Commons, a +/- 114,000 square foot shopping center located at 136 Berlin Road in Cromwell, Connecticut.

Anchored by Price Rite, the center was sold by Cromwell Commons RSK, LLC and MBMB Cromwell, LLC and purchased by The Nugent Organization, Inc. and J&V Ventures.

“Ralph’s team continues to assemble some of the larger real estate transactions in the State; as a growing real estate investment firm, we’re proud to be affiliated with him,” said J.C. Coleman, President of CW Landmark.

With a queue of comparable off-market retail and multifamily deals in the works, CW Landmark has qualified its focus and produced quality results, setting a standard that bears repeating.

5 Ardsley Ave, Northford

5 Ardsley Avenue, Northford, CT

FOR IMMEDIATE RELEASE

Cheshire (October 7, 2013)Steven Calcagni, President of Calcagni Real Estate, New Haven County’s leading independent real estate brokerage, is proud to announce that Lisa Whitney of Calcagni Commercial recently leased a 3,500 sq ft space located at 5 Ardsley Avenue, Northford, CT.

The newly renovated property, contiguous to Northford plaza, was leased to Twin Lake Children’s Center of Northford. The center opened in September 2013. Lisa Whitney represented both landlord and tenant in the transaction.

For more information on local commercial properties, visit www.calcagni.com/commercial

The old Stony Creek Puppet Theatre, located on Leetes Island Road, Branford, CT

The old Stony Creek Puppet Theatre, located on Leetes Island Road, Branford, CT

FOR IMMEDIATE RELEASE

Cheshire (April 22, 2013) – Steven Calcagni, President of Calcagni Real Estate, Central Connecticut’s leading independent real estate brokerage, is proud to announce the sale of the Stony Creek Puppet House, located at 128-132 Leetes Island Road in Branford. The property sold for $475,000.

Commercial Broker Lisa Whitney of Calcagni Real Estate represented the buyers, The Legacy Theatre, a professional shoreline theatre company that offers educational opportunities and live theatre and related programs. The seller, the estate of James Weil, was represented by Joel Galvin and Leah Boyd of Pearce Real Estate. The Legacy Theatre has plans to renovate the historic building, which was built in 1903, and turn it into a state-of the-art music, art and theatrical venue for all ages.

 

To that end, there is an ongoing campaign to raise the funds necessary for the restoration, and turn the building once again into a cultural gem in the local shoreline community. Those who wish to contribute are encourage to visit www.legacytheatrect.org

 

SINGLE-TENANT PROPERTY LEASED TO RITE AID CORPORATION

          

Steven Calcagni, President of Calcagni Associates Real Estate, New Haven County’s leading independent real estate firm, is pleased to announce the recent sale of a large commercial retail property located in East Hartford, CT. The single-tenant property, leased to Rite Aid Corp., sold for $5.9 million.

The seller of the project, RA East Hartford, LLC, a Middletown, Connecticut- based company which specializes in real estate acquisition, development, construction and investments, is currently in the construction phase of the project. Steven Calcagni along with commercial broker Lisa Whitney represented the buyer, Acorn II, LLC. The buyer provides financing through construction and will take title upon tenancy by Rite Aid.

About Calcagni:

Calcagni Associates Real Estate is a fully diversified real estate agency offering residential properties, new construction, land consulting and commercial properties. Calcagni has four offices—Cheshire, Hamden, Wallingford and Southington. All offices provide a range of real estate services including market analysis, appraisals, residential foreclosures and relocation services. Learn more at Calcagni.com and Facebook.com/CalcagniAssociates

FOR IMMEDIATE RELEASE

Steven Calcagni, President of Calcagni Associates, New Haven County’s leading independent real estate firm, is pleased to announce the recent sale of two large student housing projects totaling in a sale price of $17 million.

The just completed 36 two and three-bedroom townhome units located at 62 Chestnut Street in Danbury, CT, provide housing for Western Connecticut State University students. The fully furnished units feature a two-car garage, two additional parking spaces and are leased on a 12- month basis. The second project is located on Eckart Street in Bridgeport, CT and is less than a mile from Sacred Heart University. The building consists of 44 three-bedroom units providing housing for 176 students on twelve- month leases.The cash flow from the projects, quality of construction and 98% occupancy made these two complexes an excellent investment. Calcagni Associates’ commercial division represented the buyer in both transactions. The sellers of the projects, 51 Sound Apartments LLC and 62 Sound Apartments LLC, were represented by Michael Freda of the Freda Financial Group.

 “Right now is an exciting time for Calcagni Associates” commented Steven Calcagni. “We see tremendous growth potential in the commercial market in  many areas throughout Connecticut.”

About Calcagni:

Calcagni Associates Real Estate is a fully diversified real estate agency offering residential properties, new construction, land consulting and commercial properties. Calcagni has four offices—Cheshire, Hamden, Wallingford and Southington. All offices provide a range of real estate services including market analysis, appraisals, residential foreclosures and relocation services. Learn more at Calcagni.com and Facebook.com/CalcagniAssociates