Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transaction. Mike Richetelli, of Colonial Properties, Inc. represented the Seller, ADA 1965, LLC, in the sale of 233 Boston Post Road in Orange, CT for $440,000. The 4,468 SF +/- professional office building was purchased by 225 Boston Post Road, LLC. The property was sold in conjunction with the Buyer acquiring an adjacent property, being operated as Orange Health & Rehabilitation Center, a long-standing nursing care and rehab facility. The attorney representing the Seller was Lynn Bortolan of Ford & Paulekas, LLP located in Hartford, CT. The Buyer’s attorney was Bruce Temkin in Hartford, CT.
“This property is unique, as it is one of only a handful of small office buildings that exists in this market. We are pleased to be able to assist our client in the disposition of this property, including providing them with multiple offers” 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 commercial and residential 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.
