ORANGE, CT… Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transactions.
Michael Richetelli, President/ Designated Broker, represented the Seller, Joshua & Julie Luria, Trustees and Luria Family 2, LLC in the sale of 773 Bridgeport Avenue, Milford CT; a 4,800 SF +/-commercial/showroom building for $1,050,000. The Buyer, 354 Woodmont Road, LLC was represented by Wayne Chmura with Keller Williams. The former location of PPG Paints will now be the new home of Duct Diagnostics, who specialize in residential & commercial air duct cleaning. The Seller was represented by Attorney David R. Glassman in Hartford, CT; the Buyer was represented by Attorney Mark Valentine in Stratford, CT.
Tony Vitti, REALTOR®, represented the Buyer, 4 for 4 Properties, LLC in the purchase of 240 Naugatuck Ave, Milford, CT, a 7,500 SF +/- Banquet/Restaurant facility for $780,000. The Seller, MKC Club, LLC was represented by Tom Cavaliere, with Coldwell Banker. The Buyer was represented by Attorney Brian Lema with Berchem Moses P.C. in Milford, CT; the seller was represented by Attorney Ted Shumaker with Harlow, Adams, Friedman, P.C. in Milford, CT.
“These two sales demonstrate the continued strong demand for Owner/User properties that we are seeing in the commercial marketplace, especially in the industrial, service and restaurant sectors. Additionally, Milford continues to thrive as a desirable city to work and live due to its close proximity to Fairfield County, favorable tax structure and shoreline accessibility.”, 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.
