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, The Estate of John LaViola, in the sale of an assemblage that consisted of three (3) commercial buildings totaling 10,300 SF on .98 acres. The parcels, located at 345 & 355 Forbes Ave, 208 & 220 Hoover, 226 Stratford Street, and 131 Kendall Street, New Haven, CT, sold for $618,000. The Buyer, Daniel Sunderland, was also the co-broking agent and will relocate his electrical contracting business to the property. He was represented by Attorney Lawrence Levinson in New Haven, CT. The Seller’s attorney was R. Eugene Torrenti, Esquire, in Hamden, CT.
Tony Vitti of Colonial was the sole broker in the sale of 393 Bridgeport Avenue, Milford, CT, a 2,200 SF building on .22 acres. The property sold for $275,000 and was previously used as an auto repair facility. The Seller was the City of Milford. The Buyer, Comfortable Investments, LLC is planning to renovate the property and relocate their HVAC business there.
“These two properties were sold to Buyers who intend to use the property for their businesses. These sales represent the strong demand for owner/user properties in the greater New Haven market. “, 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.
