Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following land sale in West Haven.
Fred A. Messore, Senior Vice President at Colonial Properties, Inc., represented the Seller, Acorn Technology Campus, LLC , in the sale of 117 acres of land, made up of 22 individual parcels, located at 600 Derby Avenue in West Haven for $8,000,000. Messore was quoted as saying this is believed to be the largest assemblage of land ever sold in New Haven County. The Buyer was Yale New Haven Health Services Corp., represented by Sean Duffy and Jay Hruska of Cushman & Wakefield. According to Vincent P. Petrini, Yale’s Senior Vice President for Public Affairs, “the goal is to build a central warehouse and distribution facility for medical supplies that can serve the entire health care system.”
“We are very pleased to have facilitated this landmark sale that will ultimately result in a significant economic benefit to the City of West Haven, as well as the region, creating many new jobs and tax revenue”, 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.
