O,R&L Brokerage News

ROCKY HILL, CT – The O,R&L Commercial team of  Jay L. Morris and Robert Gaucher, CCIM, SIOR sold 2080 Silas Deane Hwy in Rocky Hill, CT for $3,800,000. 2080 Silas Deane Hwy is a 43,465± SF office building on 2.65± acres. The building was 100% leased at the time of the sale making this a great investment for the buyer Twenty Eighty Professional Center LLC.   Morris and Gaucher represented both the seller, 2080 Realty, LLC and the buyer Twenty Eighty Professional Center LLC.

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GLASTONBURY, CT - Robert Gaucher of O,R&L Commercial sold 371-379 Naubuc Avenue in Glastonbury, CT for $1,042,500.   The 6,300± SF medical building on 2.46± acres will be the new location for Smiles for the Future Pediatric Dentistry and Orthodontics, a pediatric dental practice currently located at 49 Welles Street in Glastonbury. 

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NEWINGTON, CT – Stephen Foote of O,R&L Commercial announces the sale of 56 Budney Road in Newington, a 17,500 square foot industrial building, situated on 1.78 acres.  The property owned by TJ Real Estate, LLC., sold for $850,000 to ELTSAC, LLC.  Steve Foote of O,R&L Commercial was the sole broker in this transaction. 56 Budney Road will be the new home for the manufacturing company of Advanced Torque Products.   

 

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HARTFORD, CT – The O,R&L Commercial team of  Jay L. Morris and Stephen C. Foote sold 445 Ledyard Street in Hartford CT for $800,000. 445 Ledyard is a 24,900± SF industrial building on 3.694± acres. Morris and Foote represented both the seller, The Fitger Co, LLC and the buyer South Meadows No 10 LLC.

 

 

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WATERTOWN, CT – The O,R&L Commercial real estate brokerage team of Toby Brimberg and Phil Marshall are pleased to announce the sale of 856 Echo Lake Road, a 63,443 square foot industrial building, situated on 10 acres at Exit 37 off Route 8 in Watertown.  The property, owned by PPG Industries Inc., was sold for $2 million to Theraplant LLC. Toby Brimberg and Phil Marshall were the sole brokers in this transaction.

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WETHERSFIELD, CT – Jay Morris and Carol Karney of O,R&L Commercial recently completed the sale of “The Corner Store” at 496-500 Silas Deane Hwy, Wethersfield. This 5,243± SF retail/office building sold for $525,000 as an investment purchase for the buyer. O,R&L represented the seller, Allen Stewart Properties LLC, and the buyer, Panagia Plaza LLC,  was represented by RE/Max Precision Realty.

 

 

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SOUTHINGTON, CT – Robert Gaucher, CCIM, SIOR and Carol Karney of O,R&L Commercial sold a 14,156± SF Industrial building at 161 Atwater Street in Southington, CT for $850,000 to Advanta, LLC.  Advanta, LLC is a supplier of nutritional supplements.  Robert Gaucher and Carol Karney of O,R&L Commercial represented the seller Benito Brino c/o Frank Brino and the buyer was unrepresented. 

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BRISTOL, CT - Robert Gaucher of O,R&L Commercial sold a 3,926 SF of office building at 169 Middle Street, Bristol, CT for $370,000 to 169 Middle Street, LLC as an investment property.  The first floor of the building was gutted so selling the property involved finding a buyer who could bring the building back up to speed.  O,R&L represented the seller, PRW Property Holdings LLC, and Brian Zelman of CNS Real Estate represented the buyer.

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WALLINGFORD, CT – O,R&L Commercial is pleased to announce the leasing of 24,000 SF to ADT LLC and Tyco Integrated Security at 10 Research Parkway, Wallingford, CT. J. Richard Lee, Managing Director, represented the Landlord in the transaction while CBRE represented the Tenants.

 

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MIDDLETOWN, CT – O,R&L Commercial is pleased to announce the leasing of 8,600 SF at 520 Saybrook Road, Middletown, CT. J. Richard Lee, Managing Director, represented the Landlord in the transaction.

O,R&L Commercial, LLC represented SPIII Middletown LLC c/o Seavest Healthcare Properties of White Plains, NY (the Landlord), while MHS Primary Care, Inc (the Tenant) was unrepresented. The long term lease was valued at close to $2,000,000. Representing the Tenant was Attorney Keith Varian of Murtha Cullina LLP while the Landlord used in-house counsel.

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