Shelton, CT (February 10, 2025) – Northeast Private Client Group® (NPCG), a leading commercial real estate investment brokerage firm specializing in the Northeast, is pleased to announce the successful sale of Cedar Glen Apartments, a 63-unit multifamily property located in Norwich, Connecticut.
Managing Director Brad Balletto of Northeast Private Client Group, represented the seller and procured the buyer in this transaction. The buyer is a Worcester-based owner operator seeking to expand their presence in the I-395 corridor. The seller is a CT based regional investor who strategically executed their business plan and divested out of the asset to re-focus on other investments out of state.
“The Cedar Glen Apartments presented a compelling value-add opportunity in a strong growth submarket,” said Brad Balletto. This transaction allowed the seller to realize their investment goals while providing the buyer with a property positioned for significant future appreciation.”
About Northeast Private Client Group®
Northeast Private Client Group® (NPCG) specializes in mixed-use, retail, industrial, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, the firm has completed more than 1,200 successful transactions, totaling over $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
