Boston & New England + New England + Apartments | March 6, 2023

Skala Partners has acquired a 204-unit multifamily development site on Batterson Park Road in Farmington, CT for $7.8 million.

Skala Partners Pays $8M for 204-Unit Development Site in Farmington

Fairfield, CT-based real estate development group Skala Partners has acquired a 204-unit multifamily development site located on Batterson Park Road in Farmington, CT for $7.8 million.

Jeff Dunne, Simon Butler, Biria St. John, Eric Apfel, Stuart MacKenzie, John McLaughlin and Brian Bowler of CBRE represented the seller, Sovereign Partners, a New York-based real estate investment firm, and procured Skala Partners.

“There was significant interest in the offering due to Farmington’s strong incomes, dense employment base and undersupply of multifamily product,” said Dunne. “The buyer will benefit greatly from the strong demand for rental product in Farmington and the Greater Hartford region.”

The 10-acre site is located adjacent to the Pond View Corporate Center just one mile from UConn’s School of Medicine. Community amenities at the future multifamily development include a clubhouse, fitness center with yoga, resort-style pool, package lockers, game room, business center, rooftop deck and outdoor dog walk.

Connect

Inside The Story

CBRE's Dunne

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.

Order Reprints