ORANGE, CT… Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transaction.
Tony Vitti, REALTOR® represented the Seller, New Castle Associates in the sale of 180 Wampus Lane in Milford, Ct. The property consists of a 15,758 SF +/- commercial building on three (3) parcels totaling 1.54 +/- acres and was purchased for $2,325,000. The Buyer, R&P Leasing, LLC was represented by Jeremy Rosner of Levy, Miller, Maretz in Woodbridge, Ct. The Buyer will be relocating their business, All-Electric Construction & Communication, LLC from their West Haven location to Milford. The Seller was represented by Attorney Bernard Pelligrino with The Pelligrino Law Firm, PC in Hamden, Ct; the Buyer was represented by Attorney Thomas Lynch with Lynch, Trembicki and Boynton in Milford, Ct.
“We are extremely pleased to have attained a very strong selling price for our client. This light industrial property traded at over $147/sf, at the peak for the Milford market. This indicates the continued high demand for light industrial assets.”, 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.
