O,R&L Brokerage News

WALLINGFORD, CT - O,R&L Commercial is pleased to announce the sale of 66 North Plains Highway.  O,R&L Commercial, LLC represented the Connecticut Plumbers & Pipefitters Apprenticeship School in the $375,000 sale. 

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REDDING, CT - O,R&L Commercial is pleased to announce the sale of a 5,800± SF retail / mixed use building located at 5 Main Street in Redding, CT directly across the street from the iconic Georgetown Saloon. 

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NEW HAVEN, CT - Newmark Grubb Knight Frank (NGKF) and O,R&L Commercial announced today the sale of One Long Wharf Drive in New Haven, a 300,000 square foot multi-story medical / office building to Healthcare Trust of America, Inc. (HTA) of Scottsdale Arizona for $72,000,000.  The seller, a New York based investment group, bought the property in 2007 for $28,000,000 and undertook significant renovations to the tenant spaces and common areas of the property. At the time of the sale to HTA the property was effectively 100% occupied with a waiting list of tenants.

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NEW HAVEN, CT - O,R&L Commercial, LLC announces the $450,000 sale of 111 Kendall Street in New Haven, CT, an 11,920 SF industrial / warehouse building. The buyer Performance Environmental Services LLC will be converting the property to their new corporate headquarters. They plan to make significant improvements to the building including 4,500 SF of new corporate offices and improvements to the warehouse and operations areas. The seller, Louis LaViola was represented by Toby Brimberg of O,R&L Commercial and the buyer was represented by Gary Damato of Press Cuozzo.   

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BRANFORD, CT - O,R&L Commercial is pleased to announce that Murphy Distributors has leased 16,000 SF of office and warehouse space in the Branford Business Park.  Tim McMahon of O,R&L represented the Tenant, Murphy Distributors and Richard Guralnick, CCIM, also of O,R&L represented the Landlord, Business Park Realty.  Murphy Distributors is a beverage marketing and distribution company serving Connecticut with a focus on fine wine, craft beer and artisanal spirits.

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