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, was the sole broker in the sale of 19 Atwood Place, West Haven, a 5,590 +/- SF Industrial Building on .56 +/- acres for $302,500. The Buyer, J&J Property Enterprises, plans to use the property for a contracting business and overhead garage door company. The Seller’s attorney was Stuart Margolis of Berdon, Young & Margolis in New Haven, CT; the attorney representing the Buyer was Steven Ciardiello Esq., in Hamden, CT.
Tom Woodward was the sole broker in the sale of 280 Lopus Road, Beacon Falls, CT, 2.10 +/- acres of Industrial zoned land. The Buyer, a trucking company, will use the lot primarily for parking. The Seller’s attorney was Vincent Marino of Marino, Zabel & Schellenberg in Orange, CT; the attorney representing the Buyer was Joseph Rigoglioso in Shelton, CT.
Tom Woodward also represented the Landlord, J. Cecarelli & Sons, LLC in the leasing of 435 New Haven Ave, Unit 10, Derby, CT, a 375 +/- SF office space to Lane Electrical Partners for a one (1) year term.
Tony Vitti represented the Landlord, 31 Cherry Street LLC, the leasing of 31 Cherry Street, Units 1 and 101, Milford, CT, a combined 350 +/- SF office spaces, for a one (1) year term.
“Although the Commercial Real Estate market has been challenging this year with the uncertainty of the pandemic, activity has progressively increased throughout the year and we are seeing a robust market with a high level of transactions as we come to year end” 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.
