ORANGE, CT… Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transactions.
Tom Woodward, REALTOR®, served as the sole broker in the sale of 185-191 Whalley Avenue, a 7,310 SF +/- freestanding multi-tenant retail building situated on 0.29 +/- acres. The property was purchased by CT New Haven Properties, LLC for $550,000. The buyer plans to open a Papa John’s Pizza restaurant in the vacant unit previously occupied by a check-cashing business.
The seller, RonnieSue, LLC, was represented by Attorney Paul Kaplan of Levinson, Spiegel & Jackson in New Haven, CT. The buyer was represented by Attorney William Shapiro of Updike, Kelly & Spellacy P.C. in Hartford, CT.
Woodward also represented both sides in the sale of 247 Kimberly Avenue in New Haven, a 1,219 SF +/- freestanding commercial building on 0.23 +/- acres. The property was purchased by Best Friends Real Estate, LLC for $230,000. The buyer intends to use the property for an automotive sales and repair business.
The sellers, Giovannini Family Trust, were represented by Attorney Robert Scalise of Ericson, Scalise & Mangan in New Britain, CT. The buyers were represented by Attorney Lars Edeen, Jr. in Wallingford, CT.
“We are pleased to be able to transact these two sales in New Haven. This market continues to thrive, and these two transactions are evidence of the high demand for owner/user properties, even across various commercial sectors “, 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.
