HFF announces sale of 80-unit multi-housing community in New London, Connecticut
BOSTON, MA – May 2, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Gull Harbor, an 80-unit, garden-style multi-housing community in the southeastern Connecticut city of New London.
The HFF team represented the seller, Gull Harbor New London LLC and New England Holdings II LLC, and procured the confidential buyer.
Gull Harbor is located at 83 Mansfield Road in a prime residential neighborhood in New London, a coastal Connecticut city located midway between Boston and New York. The property is proximate to the Lawrence and Memorial Hospital, the Pfizer corporate campus, Ocean Beach, Harkness State Park and the campuses of the Coast Guard Academy, Connecticut College and Mitchell College. The sale represents 80 one-bedroom units of a 99-unit fractured condominium development of which the other 19 units are individually owned. The units range in size from 600-625 square feet and offer private balconies, air conditioning, an intercom system with controlled access and a pet-friendly environment. Additionally, the community features on-site laundry, private off-street parking and on-site management.
The HFF investment advisory team representing the seller consisted of directors Adam Dunn and Steven Rutman.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.