Colonial Properties Completes 6 Transactions

Written by: Mike Richetelli

ORANGE, CT… Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transactions.    

Fred A. Messore, SVP, represented the Seller, Allied Communications, in the sale of a 10,800 +/- SF Flex Building located at 88 Farwell Street, West Haven, CT for $715,000. The Buyer, Bioclean, LLC was represented by Gary Bellard, CCIM, also with Colonial Properties. The Seller’s attorney was Paul Kaplan, in New Haven, CT; the attorney for the Buyer was Joseph Tramuta with Minnella, Tramuta & Edwards in Milford, CT.

Fred A. Messore, SVP, represented the Tenant, A to Z PetShop, LLC, in the leasing of 4,200 +/- SF of Retail space located at 41 Monroe Turnpike, Trumbull, CT for a five (5) year term. The Landlord, 41 Monroe Turnpike, LLC, was represented by Jason Wuchiski with TRUE Commercial.   

Messore also represented the Landlord, Marlaure, LLC, in the leasing of 2,500 +/- SF Light Industrial/Flex space located at 488 Derby Avenue, West Haven, CT for a one (1) year term. 

Tom Doyle represented the Landlord, Leveraged Equities Limited, in the leasing of 2,000 +/- SF of Warehouse space located at 464 Boston Post Road, Orange, CT for a one (1) year term. The Tenant, BG Industrial Surplus, an industrial parts and manufacturing equipment supplier, was represented by Tony Vitti, also with Colonial Properties.

Tony Vitti represented the Landlord, Nickerson Properties, LLC, in the leasing of two (2) retail spaces totaling 12,000 +/- SF located at 221 Bull Hill Lane, West Haven, CT. One Tenant, a liquor store, executed a three (3) year lease for 3,000 +/- sf; the other, a performing arts studio, executed a five (5) year lease term for 9,000 +/- sf and was represented by Mike Cirillo, also with Colonial Properties.

 “We continue to see robust activity in the commercial markets as the pandemic subsides and businesses are stabilizing and adapting to a new business climate. The most activity is in the light industrial sector, while retail is also benefitting from some repositioning”, 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.