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Groton Townhome Complex Sells to NYC Investment Firm

Summary by Connect CRE
Northeast Private Client Group (NPCG) has announced the $25,400,000 sale of Groton Townhomes, located at 126 Litton Ave., 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, a private real estate investment firm headquartered in New York City and led by principals Joseph Scherban and Daniel Scherban. “Groton boasts a…
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Connect CREConnect CRE

Groton Townhome Complex Sells to NYC Investment Firm

Northeast Private Client Group (NPCG) has announced the $25,400,000 sale of Groton Townhomes, located at 126 Litton Ave., 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, a private real estate investment firm headquartered in New York City and led by principals Joseph Scherban and Daniel Scherban. “Groton boasts a…

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Connect CRE broke the news in on Friday, August 29, 2025.
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