ORANGE, CT — Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the successful completion of several commercial real estate transactions.
Michael Richetelli, President/Broker and Nicholas Richetelli, REALTOR®, served as the sole brokers in the sale of 65 Cherry Street, Unit C-2, Milford, CT, a ±1,890-square-foot commercial condominium. The property sold for $291,500 to Amanda Hershman, who plans to open Skinday, a medical spa specializing in elevated injectables, skin resurfacing, and medical-grade skincare treatments.
The seller, Cheryl Monterosso, was represented by Attorney John Carangelo of the Law Offices of John J. Carangelo, LLC in Orange, CT. The buyer was represented by Attorney Peter Hershman of Hershman Legal Group in Branford, CT.
In Derby, Fred A. Messore, Vice President/Broker, represented the buyer in the purchase of 433 Roosevelt Drive, a ±3,000-square-foot freestanding commercial building situated on ±0.53 acres. The property sold for $500,000 to Superior Water and Radon Systems, LLC, a family-owned business established in 2011 that provides comprehensive well water services throughout Connecticut and specializes in Well Pumps, Water Filtration, Radon Reduction and Sump Pumps.
The seller was represented by Attorney Joseph Dey II of Dey, Smith, Steele, LLC in Milford, CT. The buyer was represented by Attorney Dominick Thomas of Cohen and Thomas, Attorneys at Law in Derby, CT.
Additionally, Messore represented Superior Water and Radon Systems, LLC in the sublease of its former ±1,600-square-foot commercial space at 688 Derby Avenue, Seymour, CT, to Black Rock Theater of Fairfield, CT.
“These sales demonstrate the continued demand for owner/user properties. There is a lack of inventory for these type of listings and they do not typically stay on the market very long”, 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, office, investment properties, and residential properties, as well as brokering land and business sales.
