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New owner buys former Downtown Rite Aid

Two aspiring realty investors met online in 2021; they just paid $3 7M for 2 central CT commercial buildings

Farmington-based Skytree Investments recently paid $2.22 million for a roughly 40,000-square-foot, mixed-use commercial building in downtown Middletown and another $1.48 million for a 9,554-square-foot office building along Route 6 in Farmington. With these purchases, the nearly two-year-old real estate investment firm now owns a $7.5 million portfolio of six office and mixed-use properties in Farmington, Middletown, Simsbury, Winsted and New London, said Ryan Deasy, 36, who is partnered in Skytree with Michael Doherty, 30.

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