Colonial Properties Receives Three 2017 Deal of the Year Awards

Contributed photo.

Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce their acceptance of three 2017 Deal of The Year Awards from the New Haven Middlesex Board of Realtors Commercial Investment Division.

Bill Weirsman, Senior Commercial Broker, received the Highest Land Lease award for negotiating a five-year lease to Sardar, LLC at 670 Ella Grasso Blvd. in New Haven. The former fleet fueling facility will be converted to a retail gasoline station.

Richetelli and Fred A. Messore, Senior Vice President, received the Highest Business Sale with Property award for the sale of 926 Boston Post Rd. in West Haven for $425,000. The sale included a long standing, fully operational car wash business, Brothers 4 Car Wash, totaling 7,000 square feet on one acre of land.

Messore received the Highest Land Sale award for the sale of 600 Derby Ave. (a.k.a. Acorn Ridge) in West Haven for $8 million. The assemblage, made up of 117 acres of land and 22 individual parcels, was sold to Yale New Haven Health Services Corp.

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.