REAL ESTATE - Sept. 2012

Islands Unto Themselves

BRANFORD –– Two Thimble islands are on the market. "site//#order_">order Island is listed for $3.95 million and Jepson Island for around $2 "/files//#there">there according to Madison agents for William Pitt Sotheby’s, which has the listings.

The seller is Christine Svenningsen, who owns "//#generic_adderall">generic adderall of the Thimble islands.

New Realtor in Milford

Milford Mayor Benjamin Blake and Milford Chamber of Commerce members were among those who attended a September 6 ribbon-cutting ceremony at 8 Daniel Street to welcome Stacy Blake Realty, LLC to the local business community. A grand opening celebration for the residential real-estate brokerage followed the ribbon-cutting.

 

SALES

Park City Property Bought

BRIDGEPORT –– Joseph Palmieri has purchased a 3,200-square-foot building and car parking lot at 25-27 Burr Court for $190,000. Bruce Wettenstein of Vidal/Wettenstein represented the buyer. Alan Fischer of Fischer Real Estate represented the seller, the Community Bank.

Auto Facility Acquired

BRANFORD –– Premier Holdings, LLC has paid $1,55 million for a 12,313-square-foot automotive facility at 205 North Main Street. Tim McMahon and Frank Hird of OR&L Commercial represented the seller, 155 North Main Street, LLC. Peter Brown of H. Pearce represented the buyer, Premier Holdings, LLC.

 

Former Bernie’s Sold

1559_King_Street_AerialMIDDLETOWN –– Baker Properties has bought a 184,000-square-foot building sited on 17 acres at 1559 King Street for $5.2 million. The seller was Bristol Fields, LLC. Jay Morris and Colleen Sheridan of OR&L Commercial were sole brokers in the transaction. The property formerly was occupied by Bernie’s corporate offices, retail showroom and distribution center.

 

USPS Facility Fetches $2M

NEW HAVEN — Sonata 22, LLC has purchased the 23,700-square-foot former U.S. Postal Service Distribution Center building at 151 Frontage Road. The sale price was $2,020,000. The building will become Quality Honda of Branford’s new showroom. Phil Barber of Pearce/George J. Smith Commercial Division represented the buyer. Matt O’Hare of CBRE represented the seller, the U.S. Postal Service.

Oxford Office Sale

OXFORD — Ed Godin of Matthews Commercial has acquire]ed a 5,600-square-foot office/flex building at 207 Christian Road for $360,000. Bill Weirsman of Colonial Properties represented the seller, A&D Services, LLC.

W.H. Commercial Bldg. Sold

WEST HAVEN  –– Roger Jansen has purchased a 1,500-square-foot commercial building and adjoining 1,000-square-foot garage on 0.25 acres at 10-12 Gilbert Street for $100,000. Dan Sunderland of Dan Sunderland Realty represented Jansen. Mike Richetelli of Colonial Properties represented the seller, the Lou Govanelly Family Trust.

Major Post Rd. Transfer

WEST HAVEN –– Universal Hotel Liquidators has paid $2,450,000 for an 8.20-acre parcel at 555 Boston Post Road with several buildings and more than 70,000 square feet. One of the buildings, which most recently housed Dadd’s Xtreme Sports, will be a retail showcase and warehouse. “It’s probably the largest piece of commercial property on the Post Road in West Haven,” explains Mike Richetelli of Colonial Properties, who represented the buyer, David White, owner of Universal Hotel Liquidators and Bart Realty, its real estate company, which purchased the property. Robert Cole of Arnold Peck Commercial World represented the seller, Hide Realty Associates LLC of West Hartford. Universal caters to college students.

 

LEASES


Lakeview Center Lease

BRANFORD –– Easter Seals Goodwill Industries has leased 11,400 square feet at Lakeview Center, 249 West Main Street. Toby Brimberg of OR&L Commercial represented the tenant. Richard Gold and Phil Marshal of OR&L Commercial represented the landlord, Lakeview Center Associates, LLC.

New Branford Eatery

BRANFORD –– New Hanami Restaurant has leased 3,250 square feet at 906-930 West Main Street. Lani-Liu of Sovereign Properties represented the tenant. Fred Messore and Vin Bagdasarian of Colonial Properties represented the owners, Bruno and Angela Ceniccola.

Local COG Leases

ESSEX –– The Lower Connecticut River Valley Council of Governments has leased 5,200 square feet at 145 Dennison Road, Barry Stratton of the Geenty Group, Realtors, represented the tenant. Mary O’Brien of Mary O’Brien Realty represented the landlord, John Dresty Jr.

MHQ Chooses Middletown

MIDDLETOWN –– MHQ has leased 10,000 square feet space 750 Newfield Street for its vehicle upfitting services, which include the installation of body armor. Steve Foote and Carol Karney of OR&L Commercial represented the building owner, Tom Staron. Foote also represented the tenant

Moving to Marsh Hill

MILFORD –– Product Development Corp. has signed a three-year lease for 2,000 square feet at the Marsh Hill Business Park, 4 Oxford Road. Mike Richetelli of Colonial Properties represented the tenant. Dana Barnes of Concord Equity Group represented the landlord, Sanibel 955, LLC.

 

Subway Expands Footprint

BIC_aerial_TruncMILFORD –– The Subway sandwich chain has signed a ten-year lease for 100,000 square feet of warehouse space at 500 Bic Drive. Chris O'Hara of Coldwell Banker Commercial NRT represented the tenant. Joe Coci, managing director of Connecticut properties for the landlord, New Jersey-based Mountain Development Corp., handled the negotiations. The warehouse will be occupied by Subway’s Franchisee Shipping Center Co., LLC.

 

Arts Group to Universal Dr.

NORTH HAVEN –– The Jared Andrew Studio for the Performing Arts has leased 12,000 square feet at 222 Universal Drive. Chris Nolan of H. Pearce Real Estate represented Jared. Barry Stratton and Kevin Geenty of the Geenty Group, Realtors, represented the landlord, Branco Inc.

Post Road Sublease

ORANGE — Trebco Specialty Products, Inc. has subleased 1,200 square feet at 501 Boston Post Road from Roni Deutch Tax Services. Mike Richetelli of Colonial Properties represented the tenant. Fred Messore of Colonial Properties represented the landlord, D’Amato Investments, LLC.

Retailer Pens Lease

ORANGE –– Batteries Plus has signed a five-year lease for approximately 4,000 square feet at 481 Boston Post Road. Phil Barber of Pearce/George J. Smith Commercial represented the tenant. Carl Russell of Pearce/George J. Smith Commercial represented the landlord, ASO, LLC.

Orange Farmers Market

ORANGE — Efes Produce has signed a three-year lease for 6,300 square feet at 254 Bull Hill Lane for a retail store called Orange Farmers Market. Fred Portoff of Weichert Realtors represented the tenant. Fred Messore and Brita McGee represented the landlord, Bull Hill III Ltd.

Three’s No Crowd

ORANGE — Three tenants have signed leases at 109 Boston Post Road. Supercuts, LLC, represented by Brian Nadler of National Commercial Brokers, leased 2,000 square feet. Fred Messore of Colonial Properties, representing the landlord, Simone Development of Orange, was sole broker in the other two transactions, in which Arizona LS, LLC [d/b/a Medi-Weight Loss] leased 2,000 square feet and the University of New Haven leased 1,439 square feet.

Business Park Deal

ROCKY HILL –– DocuSource Business Solutions, LLC has leased 6,350 square feet at WinBrook Business Park, 716 Brook Street. Jay Morris and Robert Gaucher of OR&L Commercial represented both the tenant and building owner, WE 716 Brook Street, LLC, c/o Winstanley Enterprises.

Southington Ground Lease

SOUTHINGTON — Galaxy Development has signed a ground lease for a 3.4-acre retail redevelopment parcel at 365 Queen Street. Phil Marshall, Toby Brimberg and Frank Hird of OR&L Commercial represented both the owner, Doubleday, LLC and Galaxy, which will reconstruct part of the site for Webster Bank.

Hardware Firm to N. Farms Rd.

WALLINGFORD — Wesco Aircraft Hardware has signed a five-year lease for 5,000 square feet at 1070 North Farms Road. Phil Barber of Pearce/George J. Smith Commercial Division, represented the tenant. Kyle Roberts of CB Richard Ellis represented the landlord, 1070 North Farms Road, LLC.

Direct Mail Firm Pens Lease

WALLINGFORD — Connecticut Direct Mail Corp. has leased a 4,940-square-foot industrial unit at 65 South Turnpike Road. Bill Clark of the Geenty Group, Realtors was sole broker in the transaction. The landlord is 65 South Turnpike LLC.

Major Wallingford Deal

WALLINGFORD — Resources for Human Development has inked a seven-year lease for 8,000 square feet at 135 North Plains Industrial Road. Phil Barber of Pearce/George J. Smith Commercial Division represented the owner, David Cook. Steve Wollman of Wollman Realty represented the tenant.

Manufacturer Sets Up Shop

WATERBURY — IMS Waterjet Inc. has leased 29,500 square feet at 562 Captain Neville Drive. The company is a manufacturer of industrial cutting machines. Ed Godin Jr. and Gerry Matthews of Matthews Commercial Properties represented the tenant and landlord, Cornerstone Realty.

 
Should Connecticut Give Special Incentives to Individual Companies?
 

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