NEW HAVEN, Connecticut: The ownership of one of the city’s newest mixed-use complexes has changed.

The Novella, which opened on the corner of Chapel and Howe streets in October 2015, has been sold for $39.6 million, officials with Institutional Property Advisors, the commercial real estate firm that brokered the deal, said on Monday (Tuesday in Manila). The sale of the property comes just five months after after Fairfield County-based developer Randy Salvatore announced he was putting the property on the market.

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