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BRIDGEPORT, CT-The People’s United Bank is selling a 4.81-acre portfolio to Main State Ventures for an undisclosed amount. The nine properties in the portfolio are all here, totaling 425,000 square feet of commercial space. Jeffrey Dunne and Steven Bardsley from CB Richard Ellis repped the bank in this deal.

“We were pleased to have come to terms with one developer on the sale of the entire portfolio,” says Peter Brestovan, first VP of United Bank’s real estate services department, in a statement. Main State Ventures is partnership formed by Forstone Capital and Spinnaker Real Estate Partners, both Norwalk, CT-based companies.

The nine properties in the portfolio are 167, 777, 189 and 211 State St.; 779, 815, 855, 899 Main St.; and 830/880 Broad St. There is undeveloped space with these properties which Main State will look to develop, Dunne tells GlobeSt.com. The market may preclude any certain delivery dates for this development, he explains. Patriot Bank was the lender

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