ORANGE, CT… Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transaction.
Mike Richetelli represented the Seller, DCR7CT, LLC, in the sale of 17 Commerce Street, East Haven, a 12,000 SF Light Industrial building located in the East Haven Industrial Park. The property was purchased by Christopher Morley, who will use 7,000 SF of the building for his HVAC business; the remaining 5,000 SF is leased by Mickey’s Transport company. The building sold for $750,000 within 45 days of listing. The Buyer was represented by Kevin Geenty of The Geenty Group. The Seller’s attorney was Peter Royer in Hartford, CT.
“We are pleased that we were able to sell this building for full price with a 45 day closing for our client. The favorable terms we procured for the Seller indicate the strong demand in the market for quality Light Industrial, especially Owner/User buildings such as this.” 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.
