Colonial Properties in Orange brokered the sale of 551 Anderson Ave. in Milford for $1.3 million, among other recent area sales. Photo courtesy of Colonial Properties.
The Orange-based real estate brokerage Colonial Properties has completed four sales – one in Milford – totaling over $8 million in recent weeks.
Tony Vitti of Colonial represented seller Simhadri Properties, LLC in the sale of 551 Anderson Ave. in Milford for $1.3 million. The 14,500 square foot light industrial building features three docks and one drive-in overhead door. The buyer, an owner/user, was represented by David Gorbach of Colonial Realty in Fairfield. The seller’s attorney was Tom Lynch of Lynch, Trembicki, and Boynton in Milford; the attorney for the buyer was Max Rosenberg of Rosenberg, Whewell, and Hite, LLC in Stratford.
Colonial president Michael Richetelli represented seller Lunar and Bradley Associates in the sale of 100 Bradley Rd in Woodbridge for $540,000. The approximately 7,600 square-foot, two-story office building on one acre was purchased by Best Choice Home Health Care, which was represented by Thomas Simjian of Keller Williams Realty. The seller’s attorney was R. Eugene Torrenti of Torrenti Law in Hamden; the attorney for the buyer was Sandra Huggins, also in Hamden.
Senior vice president Fred A. Messore represented buyer Green Olive Properties Management, LLC in the purchase of 241 and 251 Castle Ave. in Fairfield from Castle Place, LLC, for $2.675 million. The property consists of six residential condominium units. The seller was represented by Richard Edwards and Jeffrey Wright of Northeast Private Client Group. The buyer’s attorney was Dimitri Tournas of Withers Bergman, LLP in New Haven; the attorney for the seller was William M. Petroccio of Russo & Rizio, LLC, in Fairfield.
Messore also represented Green Olive Properties Management in the sale of 60 and 70 High St. in East Haven for $3.425 million. This property consists of a 36-unit apartment complex. The property was purchased by investor Kisco Funding Group, LLC, who was represented by Sandy Strickland of Broder Commercial. The seller’s attorney was Robert L. Rispoli of Withers Bergman; the attorney for the buyer was Steven W. Pearsall of Gaboriault & Pearsall, P.C., in Westport.
“We continue to see very vibrant activity in the commercial real estate market. These recent sales, two purchased as investment properties and two purchased as owner/user properties, demonstrate the strong demand for these two sectors,” Richetelli said.