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New York & Tri-State  + Tri-State  + Apartments  | 

IPA Arranges $62M Sale of Suburban CT Apartments

Marcus & Millichap’s Institutional Property Advisors (IPA) division arranged the sale of a two-property, 518-unit multifamily portfolio in the popular Westlake District of Middletown, CT. Middletown Brooke and Middletown Ridge (pictured) sold for a combined $62.65 million.

Victor Nolletti, executive director and lead advisor for the IPA Northeast team, worked with first VP Eric Pentore and senior associate Wes Klockner in representing the seller, Fairfield Midtown Ridge LP and Fairfield Midtown Brooke LP. They also procured the buyer, Hamilton Zanze and Company.

Built in the late 1980s, the two properties are located a mile and a half from Interstate 91, and two miles from Route 9 in Middletown, giving residents convenient access to both Hartford and New Haven. Hamilton Zanze’s Anthony Cianciolo said his company would “continue to target multifamily investment opportunities in the Northeast, and expect to further expand our presence in the coming months.”

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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 13-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 15-20 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 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).

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