Charter Realty & Development And Rialto Capital Acquire Mixed-Use Property In West Hartford, CT For $40.5M

65 Memorial Rd, West Hartford, CT, USA

$40,500,000

$90/SF

Building Size

445,661 SF

Asset Type

Mixed-use

Closing

Jun 10, 2020

AI

The mixed-use property located at 65 Memorial Rd in West Hartford, CT has been sold. The transaction took place on June 10, 2021. The property spans a total area of 445,661 square feet and is situated on 6.4 acres. The sale price for this property was $40,500,000, resulting in a price per square foot of $91. The price per acre was approximately $6,328,125.

Summary of Transaction Details:

Property Type: Mixed-use
Transaction Amount: $40,500,000
Address: 65 Memorial Rd, West Hartford, CT
Market: West Hartford, CT
Total Square Footage: 445,661
Price per Square Foot: $91
Total Acres: 6.4
Price per Acre: $6,328,125

The buyers of this property were Charter Realty & Development and Rialto Capital. The deal was facilitated by the brokers Chris Angelone, Zach Nitsche, Nat Heald, Dave Monahan, and Sean O’Neil from JLL.

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