5 months ago
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.
Developers Consolidated Realty ("DCR") is a real estate investment firm specializing in the acquisition, development, repositioning and management of retail driven properties. DCR owns shopping center, single tenant triple net leased and hotel properties in NY, CT, NJ, MO and FL and is in the process of expanding its portfolio throughout the Continental United States.
O,R&L Commercial, LLC with offices in Branford and Rocky Hill specializes in investment real estate as well as representing landlords and tenants in the office, retail, medical, multi-family, 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 and for more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.