124 Temple St REAL ESTATE

A new Italian restaurant Olive Oils is opening at 124 Temple Street in downtown New Haven.

 
fischer real estate pic

$410,000 commercial property sold at the corner of Center Street and Coram Avenue in Shelton.

SOLD

Marcus & Millichap participated in the sale of a 39-unit apartment property for $4,000,000 located at 91-99 Howe St., New Haven. New Haven-based agents Gary Witten and Victor Nolletti represented the seller, Valanzuolo Equities LLC. The building, originally constructed in 1920, is a mix consisting of 32 studio apartments, one one-bedroom unit, three three-bedroom units, three four-bedroom units, an onsite office and a 29-space parking lot. 

South Main Apartments, a 19-unit apartment property located at 142 Main St., Middletown sold for $1,265,000. Garry Witten, Victor Nolletti, and Steven Witten in the New Haven office of Marcus & Millichap represented the seller, AMDS Management LLC. This apartment building was constructed in 1967 with a unit mix including 19 one-bedroom units. 

O,R&L participated in the $255,000 sale of 33 Fair St. in Wallingford, a 3,350 SF commercial/mixed use building. The seller, Dr. Lawrence Singer, was represented by Frank Hird, SIOR and Phil Marshall of O,R&L and the buyer, Amy Stephanowski represented herself. The property includes medical office space on the first floor and residential apartments on the second and third floors. 

Frank Hird, SIOR and Tim McMahon of O,R&L Commercial  completed the $900,000 sale of the former Connecticut Food Bank building at 150 Bradley St., East Haven. The 28,712 SF industrial and office space stands on 3.78 acres. The buyer, Mario Luciani, will use this property as headquarters for his ServPro franchises. Natuzza Dimasi of William Raveis Real Estate represented the buyer and O,R&L, who represented the seller, has also donated $1,000 to the 

Connecticut Food Bank to support their mission.

David Cervero, Associate Vice President and Ralph Michel, Senior Vice President in HK Group’s Westport office, represented the buyer, Gary’s Realty Co., LLC in the $1,250,000 sale of a property at 2439 Black Rock Turnpike, Fairfield. The 4,106 SF building on the property is on a .31 acre lot and currently houses Swanson’s Fish Market, Chili Bombs Burgers & Macs and Whoopie, a Thai restaurant. Richard Rhatijan, Senior Vice President, from Atherton Associates in Shelton, represented the buyer, 2439 BRT, LLC

Jon Angel, president of Angel Commercial, L.L.C. in their Southport office represented the buyer, Angela Pantalone in the 15,020 SF industrial property sale located at 70 & 80 Hathaway Dr., Stratford. Angel also represented the seller in this transaction. This building is on .76 acres and will be transformed into Wag Central, a cage and leash free facility for all pups. Set to open in 2017, the facility will include an indoor bark park, daycare, overnight sleep space, self-wash, grooming salon, training, swimming pool, cafe, dog bakery, vet clinic and retail boutique. 

Bill Weirsman of Colonial Properties, Inc. in Orange represented the seller in the $285,000 sale of 2033 Fairfield Ave., Bridgeport. Bill Malone, buyer, was represented by Joel Hausman of Colonial Realty’s Fairfield office. This 1,125 SF building is on .28 acres and was once used for automotive repair.

Bill Weirsman of Colonial Properties, Inc in Orange represented the seller, Pete Bonaventure in the $117,000 sale of 354 Woodmont Rd. Unit 13, Milford. The buyer was represented by Wayne Chmura from Keller Williams Realty Partners. This commercial condominium at 2,000 SF will be the future offices of Duct Diagnostics, LLC

Alan M. Fischer, CCIM, SIOR, of Fischer Commercial Real Estate Inc. represented the seller  in the $410,000 commercial property sale at the corner of Center Street and Coram Avenue in Shelton. The property was sold by the two family trusts that owned it which houses Jeff’s Appliances, Gary’s East Coast Service, Chantel’s Beauty Salon, an auto repair building and a 3-family house. The purchaser was 62 Center LLC, a recently formed local entity with ties to the Boston area. This new owner plans to demolish the existing structure, constructing a multi-level mixed-use building that will house a restaurant on the ground floor, 39 apartments above and underground parking.

LEASED

Colonial Properties, Inc. negotiated the lease at 70 Turnpike SQ., a 13,500 SF property in Milford. Fred A. Messore, Senior Vice President at Colonial Properties, represented the landlord, Milford Associates, in negotiating the long term lease with Golden Corral. Lisa Whitney and Jennifer Yang of Pinpoint Real Estate represented Golden Corral. This will be Golden Corral’s first location in Connecticut. 

Michael Richetelli of Colonial Properties, Inc. in Orange represented the LandLord, Frontier Trust in the negotiated three-year lease for 1,300 SF of retail space to Artisan Tile at Whitefield Design, LLC, Mulberry Plaza located at 1200 Boston Post Road, Guilford. Mark Lynskey of Berkshire Hathaway Home Services represented the Tenant. 

A 1,280 SF unit in a multi-tenanted facility located at 375 Morgan Ln., West Haven has been leased. Bill Clark, Senior Vice President at The Geenty Group was the sole representative of the tenant, Michael LeBlanc of MTL Heating & Cooling, LLC. LeBlanc will be using the unit for general office space and storage for heating and cooling supplies.

Ricardo Cordido, Assistant Vice President at HK Group, represented the landlord in the leasing of the Center for Vein Restoration’s eighth location at the Spring Glen Medical Center located at 220 Whitney Ave., Hamden. Richard Guralnick from O,R&L represented the tenant. 

Carl Russell, Senior Broker and Frank Gerco, Commercial Associate of Pearce Real Estate’s Milford office negotiated  a 1,160 SF lease located at 265 Bic Dr., Milford, making this building now fully occupied. Russell and Greco represented the owner, General Electric Employees and Scott Zakos, Broker and Owner of Vtal/Wetterstein, LLC represented the tenant, Coca-Cola North American. Coca-Cola will use this space to accommodate their current relationship with Subway, with those headquarters not far from this building.

The Geenty Group, Realtors negotiated the lease of a 7,500 SF property located at 55 John Murphy Dr., New Haven. Kevin Geenty, SIOR represented the tenant, Fresh Bev, LLC. This company manufactures high quality juice drinks, some included as top mixers in alcoholic beverages. This warehouse building is relatively new and free standing with a fenced yard. 

The Geenty Group, Realtors negotiated the lease of a 225 SF property at 2 Linsley St., North Haven. Barry Stratton represented the LandLord, LBCD Holdings LLC and Kathy Rocklin of Calcagni Real Estate represented the tenant, Shelia Ann Owen, LCSW. Owen is a therapist providing individual, group and family counseling and will be opening an office in this space.

O,R&L Commercial negotiated a long term lease of a 2,767 RSF at 64 Wall St., Madison. The tenant, Zero Gravity Marketing, LLC, is expanding the business operations into this recently constructed three story new facility. Richard Guralnick, CCIM, represented the tenant and Tyler Della Valle of Dow Della Valle Realty represented the owners Overshore Associates, LLC.

Levey Miller Maretz negotiated a lease of a 3,550 SF space at 124 Temple St., New Haven. Fork Hospitality 2 LLC leased the property and the tenant plans to open Olive & Oil’s, an Italian eatery specializing in small-plate menu items, comfort food and personalized pizzas. Shawn Reilly of Levey Miller Maretz represented both the tenant and the landlords, 124 Temple Street Associates LLC and Greenwich Bank & Trust. This building was built in 1909 for offices of the United Illuminating Co

The Geenty Group negotiated the lease of a 800 SF property located at 181 Research Dr., 

Milford. The tenant is MELT Chocolatier, LLC, the principal is Meredith E. Lindsay, and the landlord is D’Amato Investments, LLC. They plan to use the space for the manufacture of chocolates and confections for wholesale. Bill Clark, senior vice president at The Geenty Group, was the sole agent in the transaction. 

The Geenty Group negotiated the lease of a 2,000 SF property in a multi-tenanted “flex” 

building located at 5 Enterprise Dr., North Branford. The space includes warehouse and office space with a truck dock. The tenant, Rug Doctor, distributes cleaning materials for carpeting and  plans to use this space as their warehouse and distribution point. The landlord is K. Russo 

Construction Inc. Kevin Geenty, SIOR represented the tenant and Bill Clark from the Geenty Group was the agent.

PEOPLE

Wiechert Realtors welcomed Christopher Giuliano to the team as a Commercial & Residential Specialist. As a newly licensed realtor, Giuliano has been active in buying, remodeling and selling properties for about 20 years with construction knowledge. He has previously worked for the City of West Haven Department of Police Services for over 29 years. Giuliano received his Associate’s Degree in law enforcement administration from The University of New Haven

O,R&L Construction officially welcomed Robert Lewis to the team. As a carpenter, Lewis will be assisting the superintendents in the field. Lewis has over 14 years of Facility Manager experience and also previous experience in the construction and engineering fields. 

CONSTRUCTION

Capital One has recently provided a $32.5 million fixed-rate loan under Fannie Mae’s near-stabilization program to Cooper Church LLC. They will be using these funds to refinance The Union, a 137-unit apartment building in New Haven. The transaction was originated by Paul Kesicki, Senior Vice President in Capital One’s Commercial Real Estate Group. This 10-year fixed-rate loan includes three years of interest-only payments, then amortization on a 30-year schedule and 9.5 years of yield maintenance. This property was originally built in 1928 and designed by the architectural firm Cross and Cross.