Syracuse, New York - O,R&L Commercial, LLC sold the 134,444± SF Retail building, a former Sam’s Club, on 14.2 acres located at 2649 Erie Boulevard in Syracuse, New York. Phil Marshall of O,R&L Commercial in Branford represented the buyer, Hampshire Venture Partners LLC who will turn the building into a Self-storage facility. Bill Anninos of CBRE Syracuse represented the Seller, Sam’s Real Estate Business Trust. The property transferred for a Sale Price of $5,575,000.Read More »
Madison, Connecticut - O,R&L Commercial, LLC sold The Marketplace in Madison, CT, an 18,030 SF Retail / Office Investment Property located at 1347 Boston Post Road. The property is a mixed use two story retail / office building with a history of long-term tenancy. Designed with typical New England charm, the building sits on 1.21 acres adjacent to the Hammonasset State Park with easy access to I-95 and the shoreline. Frank Hird, SIOR and Phil Marshall of O,R&L Commercial represented both the Seller, 1347 Marketplace LLC and the Buyer, Robert Von Ancken. The property transferred for a Sale price of $2,795,000.Read More »
East Haven, Connecticut - O,R&L Commercial, LLC sold the South Shore Plaza, a 39,161 SF Retail / Mixed use neighborhood center located at 662 Coe Ave and 16 Hemingway Ave in the town of East Haven, CT. The property consists of an 18,630 SF retail shopping center and 2 commercial garages on 2 parcels totaling 2.9 acres located at the signalized intersection of Coe Ave / Hemingway Ave and Short Beach Road. O,R&L Commercial’s Frank Hird, SIOR and Phil Marshall represented the Seller, Rossano Realty LLC. The Buyer, DeLaurentis Management Corp was unrepresented. The property sold for $2,150,000.Read More »
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New Haven, Connecticut - O,R&L Commercial, LLC sold the 48,971± SF Manufacturing / Warehouse building located at 166 & 128 Chapel Street in New Haven, CT. The property of 2.71 acres covers most of a full city block and is located in the new “Opportunity Zone” section of New Haven which allows for transformational real estate investment in distressed locations identified by local and federal government. The sale price was $640,000. The new owner, ART CT 770 LAND LLC plans to complete extensive renovations on the building in the next several months and plans to lease the space to a manufacturing entity that will employ approximately 100 local people. Frank Hird, SIOR of O,R&L Commercial in Branford represented both the buyer and the seller, Von Roll USA, Inc. in the Sale.
New Haven, Connecticut - O,R&L Commercial, LLC announces the 30,000 square foot Long-Term Office Lease at 545 Long Wharf Drive in New Haven, CT. Frank Hird, SIOR of O,R&L Commercial in Branford, CT represented the new tenant, Connecticut Conference of Municipalities (CCM). Hird was hired in the spring of 2016 to relocate CCM’s corporate offices from 900 Chapel Street in New Haven to a new location. O,R&L Commercial met with management and key personnel, toured their existing headquarters and outlined their list of requirements to assemble their general need to leave the space they had occupied for 29 years.Read More »
New London, Connecticut - O,R&L Commercial, LLC sold 2.1± acres located at 389 North Frontage Road in New London, CT for future redevelopment. The property transferred for a Sale Price of $1,350,000. Phil Marshall of O,R&L Commercial in Branford represented the Buyer, Hampshire Venture Property LLC who plans to redevelop the parcel for a climate controlled Self-Storage facility.Read More »