Newmark buys pair of New Haven properties.A pair of properties in Downtown New Haven Downtown New Haven is the neighborhood located in the heart of the city of New Haven, Connecticut. It is comprised of the original nine squares laid out in 1638 to form New Haven, including the New Haven Green, and the immediate surrounding central business district, as well as a , Connecticut, namely a six-story 340,000 s/f office building and a 112-unit hotel property, located at One and Three Long Wharf Drive respectively, have just traded for $44.5 million. Eastern Consolidated's Ety Lee, senior director, represented seller while Eastern's Barry Berkowitz procured the purchaser, Newmark Holdings, headed by New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City-based Jeffrey Gural, chairman of Newmark Knight Frank. Paul J. Nigido was the financial analyst in the transaction. "The prime location off Exit 46 of I-95 where the highway intersects with I-91, the tenancies, and the overall quality of these properties offer the new owner an excellent investment opportunity in a City that's ripe for commercial development," said Berkowitz who added that the office building is occupied by a stable tenant mix which includes The State of Connecticut, Visiting Nurse vis·it·ing nurse n. A registered nurse employed by a public health agency or hospital to promote community health and especially to visit and administer treatment to sick people in their homes. Association, Gaylord Hospital, and Yale University. Originally constructed on 12.6 acres as an industrial building in 1920, One Long Wharf Drive has been converted and substantially improved and features parking, concrete sidewalks and ancillary landscaping. Three Long Wharf Drive, situated on approximately 3.12 acres, is under a long-term triple-net ground lease to Walfarm Associates, which operates a hotel. The two-story hotel includes meeting space, an outdoor pool and whirlpool, and access to three local golf courses. Other nearby attractions include Foxwoods and Mohegan Sun Casinos, the Long Wharf Theatre Long Wharf Theatre started life in a warehouse alongside the harbor of New Haven, Connecticut, in 1965, the brainchild of 2 alumni of Yale University, Jon Jory and Harlan Kleiman, intent on creating a resident professional theatre company. , Yale Peabody Museum of Natural History The Peabody Museum of Natural History at Yale University was founded by the philanthropist George Peabody in 1866 at the behest of his nephew Othniel Charles Marsh, the early paleontologist. , the Shubert Theater, The Oakdale Theater, New Haven Coliseum The New Haven Coliseum was a sports-entertainment arena located in downtown New Haven, Connecticut. Construction began in 1968 and was completed in 1972. The Coliseum was officially closed on September 1, 2002, and demolished by implosion on January 20, 2007. , and the Connecticut Tennis Center. Seymour Hurwitz, Esq. represented the seller, while Andrew Albstein, Esq., Goldberg Weprin & Ustin represented the buyer. |
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