O,R&L Brokerage News

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BRANFORD - O,R&L Commercial, LLC sells 2 commercial buildings totaling 11,200 SF on 1.23 acres located at 139 West Main Street (Route 1) in Branford, CT. The property, formerly known as Birbarie Marine, sold for $825,000 to Sound Real Estate LLC. The new owner, Dan Merriam’s Sound Auto Wholesalers is a family owned auto dealership with over a 60-year history currently located on Frontage Road in East Haven. Sound Auto has plans to make significant improvements to the property to accommodate a new dealership. Toby Brimberg of O,R&L Commercial in Branford represented the seller, 139 West Main Street LLC and also procured the buyer. 

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BERLIN - O,R&L Commercial, LLC leases 6,710± SF warehouse / flex space located at 1623 Berlin Turnpike, Berlin, CT. The new tenant, Automated fba, LLC (Fulfillment by Amazon) will commence operations this fall in time for the holiday season. Amazon has created one of the most advanced fulfillment networks in the world. With companies such as Automated fba, products from “Sellers” are shipped and stored in off-site third party fulfillment centers, and subsequently are “picked, repackaged and sent” to Amazon’s large distribution centers where they are shipped to online customers. This concept allows businesses to sell their products, scale their business, reach more customers, and not worry about the fulfillment headaches. Third party fulfillment companies like Automated fba offer competitive fees and shipping capabilities helping to cut costs, while providing valuable benefits such as free shipping, increased exposure for products, and exceptional customer service and returns. Richard S. Guralnick, CCIM of O,R&L Commercial in Branford represented both the Landlord, Canyon Properties, LLC and the new tenant.       

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Flanders Plaza

EAST LYME, CT - Jay Morris of O,R&L Commercial, LLC sold a 60,000± SF Class “A” Regional Shopping Center anchored by CVS, Tri-Town Foods Supermarket, McDonald’s and Citizens Bank. Flanders Plaza, located at 9-19 Chesterfield Road in East Lyme is a multi-building mixed use Retail /Office /Medical Plaza on 7.27 acres. The location of this center is on Rt. 1 just off the intersection of I-95 and I-395. At the time of sale the Center was 100% leased with many national / credit tenants. Jay L. Morris of O,R&L Commercial was the sole broker in the transaction. The seller was GFP Flanders Plaza, LLC and the buyer was Developers Consolidated Realty. The financing was provided by Brett Eagleson of Guilford Savings Bank.

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1206 Silas Deane Highway

NEW BRITAIN, CT - O,R&L Commercial, LLC recently completed a Sale/Leaseback for Starling Physicians of a 140,000± SF Medical Office Portfolio consisting New Britain’s two premier Medical Office Buildings.

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NEW BRITAIN - O,R&L Commercial, LLC has completed a 39,280± SF industrial lease at 255 Myrtle Street in New Britain, CT. Tim Conroy, a Commercial & Investment Broker at O,R&L Commercial in Branford, CT represented the new tenant, Makino Inc.   

Makino Inc., headquartered in Mason, Ohio is the exclusive US and Canada importer of the Excetek line of EDM (Electrical Discharge Machining) Wire and Sinker Machines as well as exclusive US distributor of Ocean EDM Drills. In addition, they offer an expanded range of “Beaumont” Fast Hole EDM Drill machines and “pECM” Electro Chemical Machines providing a complete portfolio of EDM/ECM machines. Makino Inc., having recently acquired Global EDM in New Britain, was committed to keeping both the business operations and its employees in the state of Connecticut. 

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NORTH HAVEN - O,R&L Commercial, LLC has completed a 2,400 SF retail lease at the Washington Plaza located at 344-354 Washington Ave in North Haven, CT. Richard S. Guralnick, CCIM and Toby Brimberg of O,R&L Commercial represented the Landlord, 354 Washington Ave., LLC. The tenant, Libero Jewelers, LLC was represented by Lisa Varipapa of Weed Realtors. Libero Jewelers is a renowned, family-owned and operated full-service jewelry store located in North Haven CT. Libero has been in business for over 40 years and is comprised of 2 generations of family jewelers, including two Gemological Institute of America (GIA) Graduate Diamond Graders. In addition to jewelry merchandising, Libero Jewelers offers on-site jewelry repair, old/broken jewelry scraping, and appraisals. This expansion into this brand new space, directly adjacent to Leon’s Restaurant, will help them better serve North Haven and all of South Central CT. 

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NORTH HAVEN - O,R&L Commercial, LLC has completed an investment sale at the Universal Business Center, a 133,283 SF Industrial building park located at 222 Universal Drive in North Haven, CT. The property consists of 11 buildings each with separate utilities and access located directly off I-91 at Exit 9, 5 minutes from downtown New Haven and 35 minutes from Hartford. The property was owned by the same family for over 61 years. Universal Wire moved to the site from their original location on the shoreline in the l950’s. Through many successful years, they added onto the building as their product line and sales expanded. After selling the business, the property was converted into a multi-tenant industrial complex. The property sold for $3,750,000. Frank Hird, SIOR of O,R&L Commercial represented the seller, Branco Inc. and the buyer, Corporate Drive Properties, LLC was represented by Bryan Atherton of Northeast Investment Realty. Frank Hird will continue to handle the leasing of the park for the new owners.       

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BRANFORD - O,R&L Commercial, LLC announces a 6,125 SF Flex Long-term Lease located at 25 Business Park Drive, in Branford, CT. Rich Guralnick, CCIM of O,R&L Commercial represented the Landlord, Business Park Realty, LLC and also procured the new tenant Fastenal Company. Since 1967, Fastenal with corporate headquarters in Minneapolis, MN has grown from a single store to nearly 2,600 locations nationwide. Each store is a local, one-stop source for a spectrum of OEM, MRO and Construction supplies providing companies with the fasteners, tools, and supplies they need to manufacture products, build structures, protect personnel, and maintain facilities and equipment. https://www.fastenal.com/

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DURHAM - O,R&L Commercial, LLC announces the completion of multiple leases and a sale on Ozick Drive in the total amount of 25,000+ SF in the town of Durham, CT. Toby Brimberg of O,R&L Commercial was the exclusive agent representing the Landlords and/or Seller. Ozick Drive is located off of Route 68 near the Wallingford town line and is minutes to I-91 at Exit 15.

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ROCKY HILL - O,R&L Commercial, LLC has completed an 8,400+ SF Office Lease renewal at 40 Cold Spring Road in Rocky Hill, CT. Frank Hird, SIOR of O,R&L Commercial represented the tenant, Zuvic Carr & Associates.  The property owner, Solidus, Inc. was represented by Tom York, SIOR of Goman & York Property Advisors.  Zuvic , Carr & Associates is a full service environmental and civil engineering firm.

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