ORANGE, CT… Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transactions.
Kevin Weirsman, Vice President, and Al Melotto represented the Seller in the sale of 257,269,297 Peck Street, New Haven, CT. The three properties totaling 20,000 SF +/- office and warehouse space on 1.10 acres +/- sold for $975,000. The Buyer, New Reach Inc, was represented by Jed Backus of Backus Real Estate. New Reach plans to consolidate several locations and substantially renovate their new location. The Seller’s attorney was Stan Dombroski of Dombroski Hillis LLC in New Haven; the Buyer’s attorney was Gregg Burton of Carmody, Torrance, Sandak & Hennessey LLP in New Haven.
Weirsman also represented the Seller, Longo Properties, LLC, in the sale of 1158 Farmington Ave, Bristol, CT. The 3,000 SF +/- retail building sold for $430,000 to Jon Rondeau/1158 Farmington Avenue, LLC, who plans to open a deli at the property. The Buyer was represented by Scott Nardozzi of Cavanaugh & Company LLC. The Seller’s attorney was Bryan F. Meccariello, Esq. in Southington, CT . The attorney for the Buyer was Dale Clift of Steeg & Clift, LLP in Bridgeport.
“These two sales completed by Mr. Weirsman represent a continuing trend in the market of strong demand for Owner/User properties to purchase.”, 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.
