4 months ago
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.
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 O,R&L Commercial at 860-721-0033 or 203-488-1555 and for more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.