Sale of Multi-Office Building Portfolio

ROCKY HILL, CT - Jay L. Morris, Managing Partner of O,R&L Commercial sold a multi-office building portfolio consisting of office buildings located in Rocky Hill and Berlin, CT. 546 Cromwell Avenue in Rocky Hill consists of a 12,000 SF Medical Office building on 0.91 acres that is 100% leased and sold for $1,600,000. Mill Crossing, located at 1224 Mill Street in Berlin, CT is a multi-building office complex currently consisting of 3 office buildings totaling over 35,000 SF on 6.65 acres that is 100% leased and sold for $3,025,000. Jay Morris, of O,R&L Commercial represented both the seller, Mill Crossing Associates and RH Medical Center Associates, LLC and the buyer, Universal Enterprise, LLC.

The new buyer, Universal Enterprise, LLC, plans to expand the multi-building complex located at Mill Crossing to include a new 4th building containing approximately 10,000 SF of office/medical office and is in the process of getting approvals. O,R&L will be marketing the new building in the spring.

O,R&L Commercial, LLC with offices in Branford and Rocky Hill represents landlords, tenants, sellers and buyers in the office, retail, medical, multi-family, investment and industrial markets.

O,R&L Integrated Services is a full service real estate firm that specializes in Commercial Real Estate Brokerage, Commercial Construction, and Facility Management and Maintenance. For additional information on this sale or other transactions you may contact Jay Morris or Stephen Foote at 860-721-0033 or for more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.
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