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GreyHill Group has acquired Union Place Apartments located in Hartford, CT for $5.9 million.

Greyhill Group Spends $6M for 1910-Vintage Converted Multifamily in Hartford

Commercial real estate investment company GreyHill Group has acquired Union Place Apartments, a 69-unit, Class B apartment building located in Hartford, CT, for $5.9 million.

 Both GreyHill Group and the seller were represented by Victor Nolletti of Institutional Property Advisors and Westly Klockner of Marcus & Millchap.

The 1910-constructed property, formerly a mill, sits at 64-82 Union Place in the city’s historic district. The apartment building features spacious loft apartments that appeal to contemporary tastes. Each apartment has a unique layout with exposed wood beam ceilings and brick walls.

“There’s major upside in the building, and we anticipate changing the way it is viewed by the community,” said Mo Bloorian, GreyHill Group’s managing partner. “The downtown area offers a young and energetic working tenant base, and we expect to appeal to them by giving them a superior product. Our plan is to create a better living space for our tenants by putting money into the building.”

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Greyhill Group's Bloorian

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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