Shopping Center Fetches $7.5M
NEW HAVEN — A grocery-anchored shopping center at 466-480 Foxon Boulevard has sold for $7,475,000, or about $230 per square foot. Seller Krypac Development, LLC of New Haven began developing the property in 2007 as a 49,000-square-foot shopping center on 8.5 acres. During development Aldi Supermarkets purchased its 17,000-square-foot parcel from the developer. Currently the center is 90-percent occupied with tenants including T-Mobile, TD Banknorth and AutoZone. Edward Jordan, CCIM of the Northeast Private Client Group represented both the seller and the buyer, Longford Associates of White Plains, N.Y.
Orange Street Eatery Sold
NEW HAVEN – The former Red Restaurant at 56 Orange Street has been sold by the principals of Miso to native Brazilian Philippe Franco, who plans to open New Haven’s first Brazilian restaurant, Premivera Brazil, in the 3,000-square-foot space. Frank D’Ostilio of Real Living Wareck D’Ostilio was sole broker in the transaction.
No Room at the Inn
WALLINGFORD — Wallingford Tobacco has signed a five-year lease on 3,100 square feet at 900 North Colony Road. The lease is valued at $175,000. Albert Scafati of Press/Cuozzo Commercial Services, exclusive agent for the 14,000-square-foot retail center owned by TFJA, LLC, reports that with the execution of this lease, the center is 100-percent leased. Wallingford Tobacco joins tenants Heritage Floor Covering, Sirinan’s Thai and Japanese Restaurant and Little Caesars Pizza.
Maxxed Out in Southbury
SOUTHBURY — TJ Maxx has signed a long-term lease for approximately 22,000 square feet in Southbury Plaza, 100 Main Street North. Jason Wuchiski and Tyler Lyman, both of RHYS Commercial, represented landlord Southaven Associates, LLC. A division of the TJX Cos., TJ Maxx is the largest off-price retailer of apparel and home fashions in the U.S.
Ballou’s Opens in Branford
BRANFORD — Ballou’s Wine Bar of Guilford has entered into a long-term lease transaction for 4,183 square feet at 2 Sybil Avenue from landlord Bud’s Realty, LLC. The property will house Ballou’s second location adjacent to area landmark Bud’s Fish Market. Proprietors Steve and Debbie Kaye plan a May opening. H. Pearce Commercial’s Richard Guralnick, CCIM was sole broker in the transaction.
Cort Inks Wallingford Lease
WALLINGFORD — Chantilly, Va.-based furniture rental company, Cort Business Services Corp., recently leased 12,750 square feet of warehouse space at 4 Northrop Industrial Park Road. Cort will utilize the facility for its regional warehouse and distribution. The landlord is 1070 North Farm Road, LLC. Sentry Commercial and UGL Services represented Cort Business Services in the location of the new facility.
Major Milford Office Lease
MILFORD — The T3 Group has signed a long-term lease for approximately 5,500 square feet of Class A office space at 440 Wheelers Farm Road. The company, formerly known as SiteTrends, LLC, relocated from Shelton. Brett A. Sherman, CCIM, senior vice president of Angel Commercial LLC, represented T3, while CBRE represented the landlord, Sova Merritt, LLC.
Women’s Clothier to 9th Square
NEW HAVEN — Custom women’s clothier Nievelle Wisdom Designs has signed a five-year lease on 1,500 square feet at 83 Orange Street from Ninth Square landlord the Related Cos. of New York City. Frank D’Ostilio of Real Living Wareck D’Ostilio was the sole broker in the transaction. The new tenant is relocating from Westville Village.
Web Designer to Post Road
GUILFORD — Zinka Benton of GoodTV, LLC has signed a lease for 360 square feet at 2415 Boston Post Road. The Web design firm has leased two offices within a suite of several offices which include a common area conference room, common area reception room, and a common area utility room. The landlord is Mariner Properties, LLC. Bill Clark, senior vice president of the Geenty Group, Realtors, was sole broker in this transaction.
TRUMBULL — Jon Angel of Angel Commercial has been named exclusive broker for 7120 Main Street. The 114,000-square-foot building on 10.1 acres is the former distribution for Read’s Department Store. Its 50,000 square feet of office space consists of open bullpen with perimeter offices. The 64,000-square-foot warehouse space features approximately 29- by 27-foot column spacing. Loading facilities include four covered loading docks with levelers and drive up ramp. Space in the building, a half-mile from the Route 25 Connector, is priced at $7.50 per square foot triple-net.