A Cheshire-based property management firm has acquired a three-story, retail-office building in downtown New Britain for $890,000, land records show. Glenstone plans to convert the two vacant upper floors into approximately 22 apartment units to meet the growing demand for living spaces downtown, according to Farmington broker Amodio & Co. Real Estate. The deal comes almost exactly four years after Masada acquired the building for $875,000. The sale was part of a tax-deferred exchange, which included several other purchases in Connecticut, said Amodio, which represented Masada in both deals.
https://www.hartfordbusiness.com/article/mixed-use-n-britain-property-sold-for-890k-22-apartments-to-be-added