NEWS

 

Fieldstone Village Cited

ORANGE –– Fieldstone Village has won the Home Builders and Remodelers Association of Connecticut’s HOBI award for “Best New Haven County 55 + Community.” Free-standing homes in the active-lifestyle complex feature energy-efficient elements and range from 1,450 to 3,000 square feet, with prices starting at $369,900. All exterior maintenance is included.

The award will be presented on November 14 at the Aqua Turf Club in Southington.

 

Pearce Hosts Coat Drive

GUILFORD –– H. Pearce Co., Realtors Shoreline regional offices are seeking jackets and coats in good condition for their 23rd annual coat drive. Donations can be dropped off in Guilford between 10 a.m. and 4 p.m. and in Branford or Clinton between 10 a.m. and 2 p.m. The deadline for donations is November 30.

 

 

SALES

 

Industrial Building Sold

BEACON FALLS –– KOLGA Land, LLC has paid $1.125 million for a 20,000-square-foot industrial building situated on more than five acres at 65 Lancaster Drive. The R. Calabrese Agency was sole broker in the deal. The seller was 65 Lancaster, LLC.

 BEACON FALLS  ­­–– Thirty-nine undeveloped parcels in the 99-unit Pond Spring Village active adult community at 135 Pond View Circle have been sold for $1,125,000. Independent broker Sam Berkowtz represented the buyer, Pond Spring Village, LLC. Ralph L. Calabrese of the R. Calabrese Agency represented the seller, 135 Pond Spring Village, LLC. In addition to one fully completed model, there are six partially completed units, six foundations and 26 approved building lots. The duplex units range from 1,296 square feet to 1,304 square feet.

 

NY Group Buys in Wooster Sq.

NEW HAVEN –– Bright Stone Realty has purchased a 12-unit apartment building at 2 Lyon Street in the Wooster Square neighborhood for $1.2 million, or $102 per square foot. Bradley Balletto, Northeast Private Client Group’s regional manager for southern Connecticut, represented both buyer and seller, Petack Bepaz, LLC of Great Neck, N.Y.

 

“High occupancy and growing rents in New Haven are driving strong demand for multifamily properties,” Balletto said in a statement. “In today’s still uncertain financial market conditions, income-producing real estate is still the best vehicle for generating and preserving wealth.”

 

Chef’s Equipment to Orange

ORANGE –– CEE Orange, LLC has acquired a 13,660-square-foot building on 0.97 acres at 449 Boston Post Road for $1,450,0000 for a Chef’s Equipment store. Fred A. Messore of Colonial Properties was the sole broker, representing the buyer and seller, Niko Realty, LLC.

 

$65M Rocky Hill Office Deal

ROCKY HILL –– KS Partners, a New-York based real estate investment and development company, has paid $65 million for New Boston Fund’s eight-building, 620,000-square-foot Rocky Hill office portfolio, making it the largest such transaction since the portfolio first traded in 2000.

 

The portfolio has two office complexes; Corporate Ridge, with three Class A office buildings, 500 Enterprise, 55 Capital Boulevard and 175 Capital Boulevard; and five single story buildings with office and flex space at I-91 Tech Center, 795-805 Brooker Street.

 

John McCormick, Patrick Mulready and Michael Puzzo of the Hartford Office Leasing and Investment Properties Team at CBRE/NE represented New Boston and procured the buyer. KS Partners was unrepresented.

 

At the time of the sale, the portfolio was 87-percent leased with tenants including AT&T, United Healthcare, Verizon Liberty Mutual and the American Cancer Society.

 

Lodging Group Eyes Southington

SOUTHINGTON –– Briad Lodging Group has purchased 5.75 acres of vacant commercial property at 1096 West Street for $1.2 million. The R. Calabrese Agency was sole broker in the deal, representing both the buyer and the seller, Westcorp, LLC, which has retained the agency to market a one-acre pad site remaining on the property for ground lease or for lease as build-to-suit.

 

RHP Bets on Brass City

WATERBURY –– Renewable Heat Products has purchased a 36,000-square-foot, single-story industrial building on more than five acres at 55 Fulkerson Drive. Ralph Calabrese of the R. Calabrese Agency represented the seller, T. Sendzimir Inc. Sean McDonald of Cushman & Wakefield represented the buyer.

 

 

LEASES

 

Branford Office Condo Leased

BRANFORD –– CPa Medical Billing, LLC, has leased a 1,094-square-foot condo unit at 420 East Main Street in the Thimble Creek Condominium complex. Bill Clark of the Geenty Group, Realtors, represented the tenant. Kevin Geenty represented the landlord, Captiva, LLC.

 

Leasing in Lakeview Center

BRANFORD –– See Us Grow has leased 11,200 square feet in Lakeview Center, 249 West Main Street. OR&L Commercial’s Richard Gold and Phil Marshall represented the landlord, Lakeview Center Associates. The tenant was unrepresented.

 

Law Firm Doubles Down

BRANFORD –– The law firm of Parks & Pearson has doubled its space to occupy 1,500 square feet — the entire first floor — at 765 East Main Street. The law firm specializes in real estate law and real estate closings. Kevin Geenty of the Geenty Group, Realtors, was sole agent in the transaction, representing the attorneys and the landlord, Captiva LLC

 

Shoe Fits in Branford

BRANFORD ­­ –– New England Orthotic & Prosthetic System has leased 3,0000 square feet at 965 West Main Street. Frank Hird of OR&L Commercial represented the landlord, 965 West Main Street, LLC. The tenant was unrepresented.

 

Going for the Gold

BRANFORD –– Coastal Gold Exchange & Gifts, LLC, has leased 857 square feet at 71 West Main Street. The landlord is 71 West Main, LLC. Bill Clark of the Geenty Group, Realtors, was the sole broker.

 

Church Finds Hamden Home

HAMDEN –– Iglesia Jehovah Mi Roca has leased an 8,247-square-foot building at 182 Welton Street. Bob Adnopoz of Colliers International was the sole broker, representing both the church and the landlord Barone Investments LLC.

 

Aeroteck Picks Hamden Ctr. II

HAMDEN –– Aeroteck Inc. has leased 5,051 square feet at Hamden Center II, 2321 Dixwell Avenue. Albert Scafati of Press Cuozzo, the exclusive broker for the Class A office property, represented the owner, Hamden Realty Associates, LP. Robert Adnopoz of Colliers International represented the tenant. 

 

Food for Thought

HAMDEN –– Nutmeg State Nutrition has expanded into 1,897 square feet at 2460 Dixwell Avenue. The Proto Group, LLC was the sole broker. The landlord is 460 Dixwell Avenue LLC.

 

Occupying Wall Street

MADISON –– The Stifel, Nicolaus Co. Inc. has leased 2,585 square feet at 64 Wall Street. Jay Stewart of Cushman & Wakefield represented the tenant. Frank Hird of OR&L Commercial represented the landlord, Overshore Associates.

 

Leasing 5K for 5 Years

NEW HAVEN –– Jeffrey A. Kaslowitz of Greenwich Fleet Leasing, LLC, and Albert Lomoriello of Eastern Region Re-Marketing Services, LLC, d/b/a Automotive Co-Op, have signed a five-year lease for 5,000 square feet at 345-355 Forbes Avenue.   Barry Stratton of the Geenty Group, Realtors, was the sole broker.

 

The landlord is John LaViola.

 

Industrial Supplier Leases

ROCKY HILL –– MSC Industrial Supply Co. has leased 8,704 square feet at 50 Inwood Road. Keith Kumnick of Colliers International represented the tenant. Dave Barnes and Jen Gosselin of CBRE represented the landlord, WE 50 Inwood LLC.

 

Baking a Bigger Pie

WATERBURY — Little Caesar's Pizza Take Out has leased 2,090 square feet at the Colonial Plaza Shopping Center, 111 Thomaston Avenue. Gloria McMann of Merrigan & LeFebvre Realty represented the tenant. Matt Halprin of New England Retail Properties represented the landlord, Stop & Shop Supermarkets Inc.

 

Thank Heaven in Waterbury

WATERBURY –– 7-Eleven has signed a long-term lease to occupy 2,296 square feet at 1051 Wolcott Street. The lease value is in excess of $500,000. Tom Hill represented the landlord, Kenneth B. Warner Jr. Associates LLP. The Proto Group exclusively represents 7-Eleven throughout Connecticut.