riverNEW HAVEN: Patriot Marine, LLC, a dredging and maritime construction company based in Winthrop, MA, has purchased 90 River Street, New Haven, an 82,261 total square foot vacant industrial complex along the Quinnipiac River, for $930,000.

The seller was MLF River LLC, the buyer, Patriot Marine, LLC, Peter S. Shiue, CCIM, Senior Broker of Colliers International's New Haven office and Nicholas R. Morizio, CRE, SIOR, President of Colliers International's Hartford and New Haven offices, were the sole brokers involved in this transaction. According to Colliers the buyers intend to make significant improvements to the existing buildings and invest approximately $1 million to install a steel bulkhead along the riverfront.

Attorney Stan R. Dombroski of Dombroski Hillis LLC in New Haven represented the buyer and Attorney Allan W. Koerner of Rome Clifford Katz & Koerner, LLP in Hartford represented the seller.