NHMR Commercial Investment Division Announces 2020 Deals Of The Year

From the Shoreline Chamber of Commerce:

February 11, 2021

The New Haven Middlesex Association of REALTORS® Commercial Investment Division (CID) announced the CID “2020 Deals of the Year” at a virtual awards presentation held on February 4. CID recognized office, industrial and commercial real estate transactions topping over $70 million in the Greater New Haven market during 2020, according to CID Chairman Jeremy Rosner.

“CID, comprised of over 130 commercial real estate agents doing business in the Greater New Haven area, recognized members who have distinguished themselves in a variety of notable real estate transactions despite all of the challenges presented during the pandemic,” said Rosner. “The $70+ million in transactions represented in these awards are only the top tier of the countless deals done by our members last year.”

In addition to the awards for transactions, Jeremy Rosner received the Community Service Award in recognition for his involvement as CID Chairman, as well as numerous other volunteer organizations including serving as Chairperson for the Woodbridge Economic Development Commission, member of the Board of Governors for the Walter Camp Foundation and serving on the Board of Directors of the Beth-wood Little League Baseball league.

Bill Clark of The Geenty Group was the recipient of the Chairman’s Appreciation Award, which is given to an individual who has demonstrated exemplary support to the Commercial Investment Division. A CID member since the 1980s, Clark has been an instrumental part of the networking group and is highly regarded among his peers. He served as CID Chairman in 1989 and has earned the award for Most Transactions in one year countless times.

Below are the awards that were announced for individual transactions. Click here for photos.

Apartment Sale
Carol Horsford, Farnam Realty Group
40-44 West Main Street, Clinton, CT 06413
18 units, 12,164 square feet
Sale price: $1,700,000
Listing agent: John Hill Seabury Hill Realtors
Seller’s agent: Carol Horsford Farnam Realty Group
Seller: William Esposito
Buyer: CBS Properties and Rentals LLC
Contact: Carol Horsford, 203-671-1961

Industrial Lease
Stephen Miller, Levey Miller Maretz
15 Sterling Drive Wallingford 34,600 sf
Transaction value: $1,451,395
Landlord- Sapphire 151 LLC
Tenant – MRC Global INC - Distributor / supplier of pipe to utility companies
Listing agent: Chris Duclos, Sentry Commercial
Tenant agent: Steve Miller, Levey Miller Maretz
Contact: Steve Miller, 203-530-1959

Industrial Sale
Arnold Peck, Arnold Peck’s Commercial World
2 Boston Post Road, Orange -Former Sam’s Club
137,000 sf on 3.65 acres
Sales Price: $3,950,000
Listing & Selling agent: Arnold Peck Arnold Peck's Commercial World
Owner: Walmart, Inc.
Buyer: Not for publication
Usage will be for warehouse and distribution.
Contact: Arnold Peck, 203.877.1221

Land Lease
Lou Proto, The Proto Group
800-808 Washington Street, Middletown
15-year Ground lease of 9,800 SF of land
Lease value: $1,655,000
Lou Proto of The Proto Group LLC of North Haven, CT represented the landlord, Washington West LLC, an affiliate of Kaoud Development of West Hartford, CT.
Tim McNamara of Sullivan Hayes represented Firestone
Firestone is under construction to build a 6,000 SF building with shared parking. Firestone will join O’Reilly Auto Parts, Chipotle, Great Clips and Jersey Mikes Subs.
Contact: Louis Proto, 203-234-6371 Office, 203-530-2540

Land Sale
Stephen Miller, Levey Miller Maretz and Arnold Peck, Arnold Peck’s Commercial World
Borrelli Farm property, North Haven and North Branford, 108 acres
Sale price: $1,750,000
Listing agent: Steve Miller, Levey Miller Maretz
Selling agent: Arnold Peck, Arnold Peck's Commercial World
Seller: The Estate of Frank Perrotti Jr
Buyer: Senior Living LLC
The property will be used for a senior housing development
Contact: Steve Miller, 203-530-1959

Mixed Use Sale (Residential and Commercial property)
Mike Richetelli, Colonial Properties
135 Gulf Street, Milford
5,032 square feet, first floor commercial office space and 3 residential units plus expansion potential
Sales Price: $849,000
Listing agent: Mike Richetelli, Colonial Properties
Cooperating agent: Cindy Sloan, Coldwell Banker
Owner: Gulf Haven Development LLC
Buyer: Private investor
Contact: Mike Richetelli, 203-795-8060

Most Transactions
Ken Ginsberg, Real Living Wareck D’Ostilio
26 Transactions representing 32 total units
Contact: Ken Ginsberg, 203-376-6266

Office Lease
Bob Motley and Evan O’Brien, Cushman and Wakefield
195 Church St. New Haven
245,000 square feet of Class A office space
Transaction value: Long-term lease, dollar volume not for publication
Listing agent: Robert Motley/Evan O'Brien Cushman and Wakefield
Tenant agent: Matt Barlett, CBRE
Landlord: Northside Development
Tenant: General Services Administration
The space will be used for government work/office space/ Back office use
Contact: Bob Motley, 860-616-1432

Office Sale
Carl Russell, H. Pearce; Tom Cavaliere and Nick Mastrangelo, Coldwell Banker
240 Indian River Road, Orange
34,876 sf, multiple office condominium units at Spring Brook Commons
Sale price: $8,050,000
Seller: Springbrook Common, LLC
Buyer: Water Street Management, LLC
Leased for medical office space
Listing agent: Carl Russell, H. Pearce
Tenant agent: Tom Cavaliere and Nick Mastrangelo, Coldwell Banker
Contact: Carl Russell, 203-640-1412
Tom Cavaliere, 203-907-7800

Retail Lease
Louis Proto, The Proto Group
75 NY-59, Nanuet, NY
20-year lease for 66,158 sf at The Shops at Nanuet, 75 NY-59, Nanuet, NY for a national retail tenant
Lease value not for publication
Lou Proto of The Proto Group represented both the tenant and the landlord, Simon Property Group
Contact: Louis Proto, 203-234-6371 Office, 203-530-2540 Cell

Retail Sale
Mike Richetelli, Fred A. Messore & Tony Vitti, Colonial Properties
855 Boston Post Road, West Haven
Three commercial buildings totaling 71,000 square feet on 11 acres
The property was sold for $3.3 million and a long-term lease-back with the Seller was negotiated for Universal Hotel Liquidators to remain a tenant at the property
Buyer plans on redeveloping the property in the future, likely for a self-storage facility.
Listing agents: Mike Richetelli and Fred A. Messore Colonial Properties
Buyer agent: Tony Vitti, Colonial Properties
Seller: Bart Realty, LLC
Buyer: 855 Orange Ave, LLC
Contact: Mike Richetelli, 203-795-8060

Sale Leaseback
Jed Backus, Backus Real Estate
200 Hubbard Rd, Guilford, CT
20,602 sf on 5 acres
$3.7 million value of sale and lease
Seller: Guilford Holdings Inc
Buyer: 200 Hubbard Rd LLC
Listing agent: Brett Sherman Angel Real Estate
Buyer’s agent: Jed Backus, Backus Real Estate
The space will be used for an Autism ABA Center

REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics. The New Haven Middlesex Association of REALTORS is "The Voice for Real Estate" for New Haven and Middlesex counties. The Association is comprised of over 2,700 members and is the second largest Realtor association in the state. NHMR provides professional development, education, programs and resources for Realtors and appraisers. NHMR is an advocate for issues whose purpose is to preserve the free enterprise system and to protect the rights of private property owners.

This press release was produced by the Shoreline Chamber of Commerce. The views expressed are the author's own.