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Deals of the Year
CID cites top sales, leases of 1998
Some 50 members of the Commercial & Investment Division (CID) of the Greater New Haven Board of Realtors gathered December 16 at the Graduates Club in New Haven to celebrate their accomplishments during 1998.
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Business New Haven
1/11/1999
By: BNH
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At the event, Business New Haven Editor Michael C. Bingham presented the publication's 1998 Community Leadership Award to H. Pearce Co. founder and Chairman Herbert H. Pearce for his efforts and accomplishments at “community-building” over the course of a real-estate career that has spanned four decades, and counting.
The 82-year-old awardee was not in New Haven to accept the honor personally, although he was “present” via cell phone from Texas, where he was on his honeymoon. Pearce President Barbara Pearce accepted the plaque in her father's honor.
Fred Maretz of Levey Miller Maretz & Proto, BNH's 1997 honoree, was at the event to wish Pearce well and purportedly to advance his candidacy as a “senior astronaut” on a future space-shuttle mission.
Realtor David Melillo of H. Pearce Co., 1998 chairman of the New Haven CID, awarded honors for distinguished performance by CID members for the following superlatives:
Business sale - To Harold Kent of Levey, Miller, Maretz & Proto for the sale of the former Forbes Diner, 2,200-square feet at 189 Forbes Avenue, New Haven, for $275,000.
Retail sale - To Joel Nesson of Press/Cuozzo Realtors, an 871-square-foot retail condo, Unit C-5, at 1200 Whitney Avenue, Hamden, a transaction which also qualified as smallest retail sale, for $40,000.
Office sale - To C.A. White's Frank Micali for the sale of 8,529 square feet at 500 Boston Post Road, Milford, for $1.05 million ($125 per square foot).
Retail land sale - To listing agent Bill Silverman and selling agents Lou Proto and Steve Miller, all of Levey, Miller, Maretz & Proto, for the sale of a three-acre parcel with building on Dixwell Avenue, Hamden, for $1.25 million.
Mixed-Use sale - To Carl Zinn of the H. Pearce Co. for the sale of an office (37,500 square feet)/distribution (23,500 feet) facility at 355-367 Research Parkway in Meriden, for $3 million.
Smallest lease - To Levey, Miller, Maretz & Proto's Michael Roth for a lease of a 410-square-foot, one-room office at 59 Amity Road, New Haven, for $4,800.
Office lease - To Albert Scafati of Press/Cuozzo Realtors for the lease of 14,500 square feet over ten years (plus options) in Hamden Center II, 2321 Whitney Avenue, Hamden, for $2,610,000 (base term).
Retail lease - To Bob Blank of Levey, Miller, Maretz & Proto for the lease of 57,000 square feet at Park Ridge Center in Manassas, Va. to Hoyt's Cinema Corp. over 20 years for $23,506,800.
Industrial sale - To Geenty Group, Realtors' Bill Clark for the sale of a 173,000-square-foot building on 14.33 acres at 155 Hill Street, Milford for $3.5 million.
Land sale - To Diane Petra of CB/Richard Ellis for the sale of 13 acres at 246 Goose Lane, Guilford, for $250,000.
Industrial lease - To Kevin Geenty of the Geenty Group, Realtors for a 20-year lease of 75,000 square feet at 139 Mill Rock Road East (Old Saybrook Business Park), Old Saybrook to Business & Legal Reports Inc. for $16,009,307.49.
Investment sale - To Steve Witten of Witten & Nolletti for the sale of 562 units at Prescott Glen Apartments, 181 Nutmeg Lane, East Hartford for $16,750,000.
Land lease - To listing agent Bernie Diana and selling agent Lou Proto, both of Levey, Miller, Maretz & Proto, for a three-acre lease on North Colony Road in Wallingford to Rite-Aid for $1.9 million. BNH
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