ORANGE, CT… Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transactions.
Fred A. Messore, SVP, represented the Landlord, 555-565 Boston Post Rd, LLC, in the leasing of 3,000 +/- SF of retail space located at 555-565 Boston Post Road, CT for a (5) year term for a lease value of $223,600. The Tenant, Edioni, LLC, will be opening its third location of Euro Grocery, which specializes in European food and imports; including: cheeses, olives, dry meats, cakes and more.
Tony Vitti, REALTOR®, was the sole Broker in the sale of 393 Bridgeport Avenue, Milford, CT, a 3,480 SF +/- light industrial/mixed-use building on .22 +/- acres for $600,000. The former location of Comfortable Environments was purchased by David Murray. The Seller, Tmsll, LLC was represented by Attorney Tim Sullivan with Sullivan, Attanasio, Miller & Lubonja in Waterbury; the Buyer’s attorney was Dey Smith Steele LLC in Milford.
Vitti, also represented the Buyer, David Marsow in the purchase of 17 Old Turnpike Road, Beacon Falls, CT for $370,000. This 30,000 SF +/- light industrial building sits on 1.47 +/- acres, located directly off Route 8 and was purchased as an investment. The Seller, George Meder, was represented by Joseph Rodorigo, REALTOR® with Keystone Realty in Beacon Falls. The Seller was represented by Attorney Robert Uskevich in Southbury, CT. The Buyer was represented by Attorney Menachem Sandman with Sandman Law Group in New Haven, CT.
“Although Commercial sales and leasing activity was consistent through the Winter, we are definitely seeing an uptick and very brisk activity as we enter the Spring market, fueled by the Pandemic subsiding, as well as a favorable interest rate environment”, said Richetelli.
Colonial Properties, Inc., founded in 1978, is a full service Commercial and Residential Real Estate Brokerage, located in Orange, CT. The firm handles all types of real estate transactions including the sale and leasing of retail, industrial, office, investment properties, and residential properties, as well as brokering land and business sales.
