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Colonial Properties, Inc. Gets Results!
Archived
Completed Deals
Recent Completed Transactions
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New Haven, CT - LEASED
Mike Richetelli represented the Landlord- Diamond Realty Associates in the leasing of 1,750 SF of shop space at 360 New Haven Avenue to
Wild Flowers, a Floral Arrangement Company. Colonial is currently marketing an additional 2,100 - 2,400 SF office space in the building for lease.
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New Haven, CT - LEASED
1,650 SF of office/ retail space was leased at 1079 Whalley Avenue to a Yoga Studio. Mike Richetelli was the sole broker in this transaction. Colonial is currently marketing an additional 1,650 SF unit in the building for lease.
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Orange, CT - LEASED
Mike Richetelli was the sole broker involved in a lease for 1,800 SF @ the Orange Promenade Shopping Center at the intersection of Rte. 1 & Rte. 162.. The tenant, Super Suppers, is a national meal assembly franchise operation; the store opened for business in mid-April.
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West
Haven, CT - SOLD
Kevin Weirsman has completed the sale of 2 Elizabeth Street, a
14,000 SF office/ redevelopment property on 1.25 acres located
directly along Rte. 34 near the Maltby Lakes. Mr. Weirsman was the
sole Broker involved in the transaction, representing the
Seller, DRB/ I LLP and the Buyer, Faith Temple Revival
Church. The Buyer, who purchased the property for $445,000, has
plans to renovate and expand the existing structure to house
its office, sanctuary, and outreach programs. |
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Orange, CT - LEASED
Kevin
Weirsman has leased 2400 SF of prime retail space at 330
Boston Road to DHD Windows & Doors Retail LLC for a new
Pella Windows Showroom.
Mr. Weirsman handled the negotiations on behalf of the
Owner of the property, Commercial Realty Associates, LLC.
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New Haven,
CT- LEASED
Jim Saldamarco of Colonial
Properties Inc. has leased 10,500 SF of commercial showroom,
office and warehouse space at 87 Union Street, a 50,000 SF
light industrial building which also houses Torrington
Plumbing Supply. Mr. Saldamarco represented the owner of the
property, Hill Commerce Realty Co. The tenant, Turtle &
Hughes, Inc. signed a 5-year lease and will use the space for
electrical parts distribution. Mike Defeo of Re-Max Right
Choice represented Turtle & Hughes, Inc.
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West
Haven, CT - LEASED
Kevin Weirsman has leased 16,000 SF of commercial showroom
and warehouse space at 420 Frontage Road, a 64,000 SF light
industrial building.
Mr. Weirsman represented the Owner of the property, 420
Frontage Road, LLC, who recently purchased the property as an
investment for $4,375,000. The Tenant, GIII
Apparel Group, Ltd. has leased the space for its Sports
Licensing Division to manufacture, warehouse and distribute
professional sports related clothing and accessories.
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West
Haven, CT
- SOLD
Kevin
Weirsman of Colonial Properties, Inc. has completed the sale
of 100 Sawmill Road, a 55,000 SF light industrial, multi-
tenant investment property. The property, 70%
leased, was purchased for $1,250,000. Mr. Weirsman
represented the Seller, Oil Services, Inc. The Buyer, an active
developer, has plans to renovate the building to offer new and
existing tenants cleaner showroom type space with increased
visual appeal.
The demand for this type of renovation will fit nicely
with West Haven's growing retail and business environment,
with such nearby developments as the new Super Stop & Shop
and Tommy K's Video projects. |
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Milford,
CT
-SOLD
Kevin Weirsman
of Colonial Properties Inc. has brokered the sale of 10 Oxford
Road, a 5,000 SF single tenant, net leased investment
property. Mr.
Weirsman represented the Seller of the property, CB & CD
Associates, LLC.
The property was purchased by a local investor for
$832,000, asking price.
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501
Boston Post Rd., Orange-LEASED
Colonial
Properties, Inc. was the sole agency involved in the leasing
of 900 sf at Liberty Plaza to Liberty Tax Services. Joan
Miller represented the landlord D'Amato Brothers, of Milford,
CT and Kevin Weirsman represented the tenant, Conrad Wagner,
DBA Liberty Tax Services. Liberty is a franchise, offering
year round tax preparation and other related services. The
shopping center is now 100% leased thanks in large part to
Colonial after filling several vacancies over the past few
years. |
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221-227
Bull Hill Lane, West Haven -LEASED
Joan
Miller, Senior Commercial Specialist was the sole Broker
involved in the leasing of 18,370 sf in the 35,582 retail
center located at 221-227 Bull Hill Lane by Tutor Time
Learning Centers. Tutor Time has been a tenant in the building
for several years and this new lease expands their existing
space to 29,370. The property is now fully leased; the other
tenants located in a second building include Lucky Dollar
store and Laundry Capital, a cutting-edge Laundromat occupying
5,130 sf. |
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808
New Haven Rd., Naugatuck-SOLD
The
former Stone House Grill, located at 808 New Haven Rd.,
Naugatuck, was sold by Colonial Properties, Inc. for $575,000.
The 4,500 sf two-story stand-alone building located ½ mile
from Route 8 accommodates 175 people. Joan Miller, of Colonial
Properties, Inc. represented the seller, 808 New Haven Avenue,
LLC. The buyer, Robert Wool, of Ridgefield owns other
restaurants in Fairfield County and plans to make several
changes to the building and business including changing the
name and menu. |
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80
Wampus Lane, Milford
-LEASED
Steven
Spector is pleased to announce that leasing activity at this
168,000 sf industrial facility continues to be strong with the
signing of two major leases. Nolan Woodworking a custom
kitchen cabinetry maker has committed to 15,000 sf for five
years and a collaboration of four "Custom" woodworking
businesses have leased 17,000 sf for five
years.
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280
Racebrook Road., Orange-
LEASED
Steven
Spector has completed two leases at this business park,
bringing a new dental practice to the community and relocating
an established printing business in town. Dr. Xiaoyiang Wang,
DDS has signed a five-year lease with options to establish an
Orange office in addition to her Danbury location. Proprint
has relocated from the Firelite Shopping Center to an expanded
facility with a five-year lease with
options.
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342 Main St., East
Haven-LEASED
Steven Spector has negotiated a lease for
a prime corner property in the East Haven downtown business
district. The property will be the new headquarters for Art
DeCato Enterprises, a locally based Heating and Cooling
Contractor. The five-year lease includes an option to purchase
the property and the tenant has already started improvements
to the property to beautify the prominent
corner. |
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23 Fresh Meadow
Rd., West Haven- LEASED
AAIS, an asbestos abatement and demolition company has entered
into a lease for this 5,500 sf building on .65 acres. The
building features 20' ceilings and a fenced-in yard area, which
made it ideal for the needs of AAIS, who will also maintain
their other location in West Haven.. Mike Richetelli of Colonial
represented the Landlord in the transaction |
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250 Bull Hill
Lane Orange - LEASED
Steven Spector has successfully negotiated a lease for this 8
acre site with Kohl's Department Store. The property has been
vacant since a Bradlees Store that occupied the 85,000 sf
building closed several years ago. Spector was the sole broker
involved as he negotiated the lease on behalf of the property
owners- The Harborside Corporation of New York City. Kohl's
entered into a 20 year lease on the property and will construct
a new 87,000 sf building, set to be completed by the end of
2005. |
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4 Oxford Rd.,
Milford - SOLD
The Marsh Hill Business Park has been sold by S & L Associates,
LLC to Sanibel 995, LLC and Boar's Head Properties, LLC for
$2,725,000. The park is fully leased and consists of 30,000 sf
of office/flex units on 3.58 acres. Steven Spector of Colonial
Properties represented the Seller in the transaction. Mr.
Spector focuses much of his efforts on investment properties and
has orchestrated several notable transactions recently. |
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291 Lambert
Rd., Orange - LEASED
Steven Spector and Kevin Weirsman have successfully negotiated a
lease for 2,330 sf with The Founders Insurance Group on behalf
of the property owners, Sunny Ledge Group, LLC. Founders entered
into a five year lease and will establish a regional office at
this location. Colonial is still marketing a space of 1,845 sf
in the building, which is the last suite available at the
Lambert Professional Center. |
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53 Warfield
Street, Milford - SOLD
This 6,000 sf light industrial building has been purchased by
Rosado Builders, LLC from MLC Properties, LLC who used the
building to operate Chickos Oil Co. The sale price of $650,000
included the 2 year old building as well as excess property
suitable for another building lot. Kevin Weirsman represented
the Seller and was the sole Broker in the transaction. |
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450
Island Lane, West Haven - LEASED
Upon brokering the sale of this signature office building to
Gateway Christian Fellowship Church earlier this year for
$1,150,000, Colonial has just completed a lease for 2,500 sf for
5 years with American Excel Company. Kevin Weirsman of Colonial
was the sole Broker in the transaction. There is currently 7,500
sf of first floor office space available for lease being
marketed by Colonial Properties. |
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1139 Boston
Post Rd., West Haven - SOLD
Frankie's restaurant including business, equipment and property
has been sold by CFJ Realty Development to George and Vicki
Vagenas of Orange for $950,000. The building is approximately
2,900 sf on almost 1 acre. Joan Miller of Colonial was the sole
broker in the transaction. |
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1712 Boston
Post Rd., Milford - SOLD
This free-standing, single tenant, triple net investment
property has been sold by INHOC, Inc. to Elm City Mfg. Jewelers,
Inc. for $2.5 million. Tweeter has occupied the building for 10
years and is under a long-term lease. The building is
approximately 10,000 sf on 1 acre. Steven Spector and Kevin
Weirsman of Colonial represented the seller. |
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263 Boston Post
Rd., Orange - LEASED
Hollywood Video has recently executed a lease for all of the
remaining space at Crossroads Plaza. Hollywood, a national video
chain, will be moving into 4,878 sf sometime in early 2005.
Kevin Weirsman and Steven Spector represented the landlord-
Crossroads Associates, LLC. |
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237-247 Saw
Mill Rd., West Haven - SOLD
This 75,000 sf warehouse/office building sits on 5 acres and was
formerly home to the Academic Book Company. Mike Richetelli of
Colonial represented the Buyer- KJS Properties, LLC of West
Orange, NJ who purchased the property from Voss Associates, LLC.
The property was purchased for investment and potential
re-development. It offers exceptional location adjacent to I-95
and is being marketed by Colonial for Sale or Lease. |
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4 Oxford Rd.,
Milford - LEASED
Kirby Vacuum Company has signed a lease for 3,000 sf
of office space at The Oxford Road Business Park for a 5 year
lease with
S & L Associates, LLC. Joan Miller of Colonial represented the
Tenant, who has established an area sales office at the
location. |
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297 Boston Post
Rd., Orange - LEASED
Kevin Weirsman and Steven Spector, representing the landlord-
Prime Properties, LLC have completed 2 leases totaling 6,200 sf
at Orange Commons Plaza. HDTV Warehouse, a new electronics store
concept specializing in high-definition TV's will be opening a
store in 3,800 sf. Cold Stone Creamery, an upscale ice cream
shop chain will be opening a 2,400 sf store in the plaza, which
is now 100% occupied. |
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185 Boston Post
Rd., Orange - LEASED
The former Fiore III restaurant space has been leased by NRSS,
LLC dba Himalayan Grill Restaurant. The group signed a 5 yr
lease with options for the 3,200 sf space with the landlord-
Brooks Properties of Milford. Joan Miller of Colonial was the
sole broker in the transaction. |
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60 North Main
Street, Waterbury - SOLD
This landmark downtown office building has been sold
by Downtown Development, LLC to Waterbury Holding, LLC for
$2,000,000. This signature 30,000 sf building was anchored by
Wachovia Bank and housed several other office tenants including
a a law firm, an accounting firm and The United Way. Steven
Spector of Colonial was the sole broker in the transaction. |
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291 Lambert
Rd., Orange - SOLD
This landmark office building, which was completely renovated
within the last 5 years was sold to Sunny Ledge Group, LLC of
Branford from S.C. Communications, LLC for $2,050,000. The
building currently houses several professional office users and
has 2 available units of 1,800 and 2,350 sf being marketed by
Colonial Properties. Kevin Weirsman and Steven Spector of
Colonial represented the Buyer. |
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312 Boston Post
Rd., Orange - LEASED
Mike Richetelli was the sole broker involved in a lease for
2,079 sf of office space at the Fox Steel Building. Harry
Grodsky & Company, Inc., a Massachusetts-based engineering firm
has relocated its regional offices form Milford to Orange.
Grodsky executed a 3 year lease with the Landlord- Vlock Family
Realty, Inc. Colonial is currently marketing an additional 1,100
sf suite in the building for lease. |
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109 Boston Post
Rd., Orange - LEASED
Compass Mortgage Company, headquartered in Hartford has opened a
regional office in the Barnes & Noble Plaza. Compass recently
signed a 2 year lease for 1,900 sf with the Landlord- Simone
Development Company. Dan Franchi of Colonial represented the
Landlord. |
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