Shelton, CT (June 30, 2025)- Northeast Private Client Group® (NPCG) has announced the $25,400,000 sale of Groton Townhomes, located at 126 Litton Avenue, Groton, CT.
Managing Director, Bradley Balletto represented the seller, Groton Ventures LLC of New Jersey, and procured the buyer, Rowin Capital and its affiliate Penlane Real Estate with offices in Connecticut and New York and principals Joseph Scherban and Daniel Scherban.
“Groton boasts a diverse, resilient, and growing employment ecosystem with a strong demographic profile,” said Joseph Scherban. “We are excited to be able to provide quality housing to area residents,” said Daniel Scherban.
Groton Townhomes is a 141-unit apartment community totaling 116,460 SF across 29 buildings on 9.24 acres located in Groton, Connecticut. The complex is comprised of 1-, 2- and 3-bedroom townhomes located minutes from General Dynamics Electric Boat.
Northeast Private Client Group® specializes in mixed-use, retail, industrial and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1,350 successful transactions have been completed, totaling over $4.1 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
