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IPA Arranges Trade in CT’s Farmington Valley

Marcus & Millichap’s Institutional Property Advisors division has arranged the sale of the 164-unit Avon Place Apartments, part of 188-unit Avon Place Condominiums. Located in the Farmington Valley town of Avon in Hartford County, CT, the apartments sold for $24 million.

IPA’s Victor Nolletti, Eric Pentore and Wes Klockner, senior associate with Marcus & Millichap, represented the seller and procured the buyer, The Clairmont Group LLC.

“Intimate knowledge of the Hartford County marketplace and prior experience handling fractured condo executions were extremely helpful in closing this transaction,” said Nolletti, who leads IPA’s Northeast team.

“Avon is a desirable high-barrier-to-entry suburban location with an award-winning school system in proximity to major area employment drivers and West Hartford Center, one of New England’s premier lifestyle centers,” added Pentore.

Built in 1973 on more than 46 acres, Avon Place includes three brick residential buildings and a clubhouse. Units average 1,165 square feet.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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