Sales

 

Former Curagen HQ Sold

BRANFORD — A 50,000 square foot Class A office building at 322 East Main Street has been sold for $4.5 million. Steven Inglese of the New Haven Group represented the seller, TKJ Associates, and procured the buyer, 322 East Main Street, LLC. Previously occupied by a single tenant, Curagen Corp., the three-story building has multiple tenants, and was 38-percent leased before the sale. The buyer subsequently signed leases with two tenants for the entire third floor, raising the occupancy level to nearly 70 percent.

 

Red Cross Sells Building

MIDDLETOWN — Opportunity Real Estate Equities, LLC has purchased a 4,444-square-foot building at 93-97 Broad Street for $172,000. Trevor Davis of Trevor Davis Commercial Real Estate represented the seller, the American National Red Cross. RE/Max MarketPlace represented the buyer.

 

OR&L Closes Two Deals

MIDDLETOWN — Precision Devices Inc. has purchased a 27,365-square-foot industrial building with office and showroom space at 299 Industrial Park Road for $1,110,000. Jay Morris of OR&L Commercial represented the seller, DocuSource. Morris, along with Richard Gold and Frank Hird of OR&L Commercial represented the buyer.

 

DocuSource has moved into the WinBrook Business Park at 716 Brook Street in Rocky Hill, leasing 6,328 square feet. Morris represented DocuSource and Morris and Bob Gaucher, also from OR&L Commercial, represented the landlord, Winstanley Enterprises.

 

R.E. Firm Buys R.E.

MIDDLETOWN — Abarientos Middletown Real Estate, LLC has purchased a 6,084-square-foot building at 80 East Main Street for $377,000. Trevor Davis was the sole broker. The seller is Philip Redford.

 

 Grand Ave. Apts. Bought

NEW HAVEN ­–– G&B Realty, LLC has purchased a 13-unit apartment complex with two two-bedroom units and 11 one-bedroom units at 83 East Grand Avenue for $595,000. Frank D'Ostilio of Real Living Wareck D'Ostilio was the listing agent. Taylor Realty was the seller. Noah Meyer of Levey Miller Maretz represented the buyer.

 

 Micali Ranges Far & Wide

NEW HAVEN — Frank Micali of Capitalize 360 Group LLC has been busy in Florida these days, most recently assisting Netz Holdings USA in the purchase of a Miami Beach office building for $15.125 million free and clear of existing debt. Netz signed the contract, financed and closed the deal in 45 days.

 

In a recent New Haven deal, Micali represented the buyers, Mandy Management and Netz-215 Church, in the sale of a two-story, 11,306 square foot Class B office building at 215 Church Street for $1.9 million, or around $168 per square foot. Stephen Press of Press/Cuozzo represented the seller, 215 Church Street, LLC.

 

 Drivers-Ed Co. Buys Condo

WALLINGFORD –– Liberty Driver's Education Center, LLC has purchased a 902-square-foot office condominium at 329 Main Street for $80,000 from WF, LLC. Ralph Calabrese and Tony Valenti of R. Calabrese Agency, LLC were the sole brokers. 

 

Another DD Desperately Needed

SOUTHINGTON — Three quarters of an acre at 1096 West Street will soon become an 1,800-square-foot Dunkin’ Donuts. The property recently sold for  $600,000. Ralph Calabrese and Tony Valenti of R. Calabrese Agency brokered the deal between the seller, Westcorp LLC, and the buyer, 100 East Main Street LLC.

 

Hamden Office Condo Sold

HAMDEN — 30 Washington Avenue Realty Corp. has purchased a 943-square-foot office condominium plus a 124-square-foot storage area at 60 Washington Street from Cardiology Associates. The price was $90,000. Richard Gold of OR&L Commercial represented the seller. Marty Ruff of Levey Miller Maretz represented the buyer.

 

Leases

 IPP Leases on Dixwell

HAMDEN –– The Institute of Professional Practice has signed a five-year lease for 5,521 square feet at 1125 Dixwell Avenue. The Proto Group represented the landlord, Elm City IP Holdings Inc. Steve Wollman of Wollman Realty represented the tenant. A non-profit human-service and educational organization, the institute works with people with developmental and other disabilities in Connecticut, Maryland, Massachusetts and New Hampshire.

 

Power Washer Moves to Milford

MILFORD –– GB Power Washing & Gutter Service, LLC has leased an 800-square-feet industrial unit at 181 Research Drive. Bill Clark of the Geenty Group, Realtors was sole broker in the transaction. The landlord is D’Amato Investments, LLC.

 

Milford Chocolate Factory

MILFORD –– Conillin, LLC has leased an 800 square foot industrial unit at 185 Research Drive to make chocolate products. Bill Clark of the Geenty Group, Realtors was the sole broker. The landlord is D’Amato Investments, LLC.        

 

New Digs for Underwriters

MIDDLETOWN — Connecticut Underwriters Inc. has leased 8,471 square feet in the Wadsworth Mansion at Long Hill Estate, 421 Wadsworth Street. Trevor Davis of Trevor Davis Commercial Real Estate was the sole broker in the deal. The landlord is the city of Middletown. 

 

 ...And Another DD

MIDDLETOWN –– Dunkin’ Donuts has leased 2,140 square feet at 423 Main Street. Trevor Davis of Trevor Davis Commercial Real Estate represented the landlord, R. Balaban Realty, LLC. Wayne D’Amico of RE/Max Right Choice represented the tenant.

 

 Two to Tango

MIDDLETOWN Middletown Business Park, 430-460 Smith Road has attracted two new tenants. Connecticut Carbide & Tool Service Inc. has leased 2,190 square feet, while FIA Inc. has leased 1,114 square feet. Trevor Davis of Trevor Davis Commercial Real Estate was the sole broker in the two transactions. The landlord is BostonMiddletown, LLC.

 

 Marketplace Attracts Two

MIDDLETOWN — Two businesses have signed leases at Main Street Market, 366-386 Main Street. Reality Interactive took the top two floors of office space, totaling 6,174 square feet, while Dance Outfitters rented 1,300 square feet in the market area. Trevor Davis of Trevor Davis Commercial Real Estate, LLC, was the broker. The landlord is Main Street Market, LLC.

 

Mopping Up in Middletown

MIDDLETOWN — Six new tenants have leased 500 square feet each at 438 Main Street. The tenants are: CardFellow, Dwight Norwood, Cosys Systems, LLC, Ted Mikulski/Empty Lighthouse, and Daniel G. Diaz Del. Trevor Davis of Trevor Davis Commercial Real Estate was the sole broker. The landlord is Hilltop Associates.

 

 Major Lease for 59 Elm

NEW HAVEN –– The Odonnell Co. has leased 3,954 square feet at 59 Elm Street for its headquarters. Ted Schaffer of Press/Cuozzo Commercial Services represented tenant. Robert Motley of Cushman & Wakefield of Connecticut represented the landlord, 59 Elm Street LLC.