ORANGE, CT… Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following transactions.
Mike Richetelli, President/Broker, represented the Seller, Gulf Haven Development LLC, in the sale of 135 Gulf Street, Milford, CT, for $849,000. The mixed-use property consists of two buildings totaling 5,032 +/- SF; a Victorian, featuring first floor office space with two apartments on the second floor, and a carriage house with a three-bedroom townhouse apartment and three garages. The Buyer, an investor, was represented by Cindy Sloan of Coldwell Banker, has plans to renovate and lease out the property. The Seller’s attorney was Win Smith Jr. of Dey Smith Steele LLC in Milford, CT; the attorney for the Buyer was Ted Shumaker of Harlow, Adams & Friedman P.C. in Milford, CT.
Gary Bellard, CCIM, represented the Seller, JDW Realty LLC, in the sale of 367-379 Boston Post Road, Orange, CT, consisting of four (4) Retail/Commercial Buildings totaling 15,250 +/- SF on 1.38 +/- Acres for $1,300,000. The Buyer, DeMattia Companies Inc., was represented by Arnold Peck of Arnold Peck Realty. The Seller’s attorney was Joy Topazian Moore of Curseaden & Moore LLC in Milford, CT; the attorney for the Buyer was David Kurata of Russo & Rizio LLC in Fairfield, CT.
Tony Vitti represented the Seller, Vitti Real Estate LLC, in the sale of 373 New Haven Ave, Milford, CT, a Mixed-use building totaling 13,000 +/- SF with retail units on the first floor and residential apartments on the second floor on .59 +/- Acres for $1,600,000. The Buyer, 41 Garden Realty LLC, was represented by Attorney Paul Vallillo in Prospect, CT; the Seller’s attorney was Lawrence Langerman of Karp & Langerman P.C., in Milford, CT.
“We are pleased to represent the Sellers of these investment properties and to attain very high valuations for our clients, including two at full ask price. The market continues to demonstrate that there is high demand for income producing properties.” 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.
