O,R&L Brokerage News

Coastal Spirits pic PR

Shoreline Plaza | Branford, CT - O,R&L Commercial is pleased to announce the Sale of the Shoreline Plaza, a premier Branford retail shopping center consisting of 77,037 SF on 7.84 acres located at 91-103 North Main Street in Branford, CT. The property is located in the heart of Branford’s retail corridor on U.S. Route 1 at the Cedar Street intersection in close proximity to I-95’s Exit 54.

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299 Industrial 1 Park Rd PR

Middletown, Connecticut - O,R&L Commercial, LLC brokered a 24,800 SF Industrial Investment Sale located at 299 Industrial Park Road, Middletown, CT. The property transferred for a sale price of $1,795,000. The building consisted of high-bay warehouse space with nicely appointed offices/showroom space on 2.42 acres and was approximately 50% occupied at the time of the sale. Frank Hird, SIOR and Adam Gregg of O,R&L Commercial in Branford represented the Seller – Twenty Lexington, LLC and also procured the Buyer – Eighth Union LLC. O,R&L Commercial is presently marketing 13,193 SF of Flex space for the new owner at a Lease Rate of $7.75/SF NNN.

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35 Worth PR

Hamden, CT - Will Braun of O,R&L Commercial in Branford, CT has brokered the Sale of a 19,000± SF 3-story Office Building in Hamden, CT. The property is the former AAA Northeast building located on a 0.86 parcel at the corner of Worth Ave and Whitney Ave. Will Braun represented the Seller, AAA Northeast Inc. of Providence, Rhode Island and with the assistance of Franklin T. Renz of O,R&L’s Construction division also procured the buyer, NorthEast BioLab Inc. The new owners have plans to occupy the entire building and create a state-of-the-art laboratory. The property transferred for $817,500.

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123 Day Hill PR

Windsor, CT -- Frank Hird, SIOR and Carol Karney of O,R&L Commercial, LLC brokered the Lease of 123 Day Hill Road, Windsor, CT. The 330,000 square feet industrial building sits on 52 acres and will was leased to Specialty Printing, a company who prints labels for everything from prescription bottles to groceries and beer cans. The building offers 267,480 square feet of manufacturing space and 62,520 square feet of office (flex) space, and has nine exterior and four internal docks, nine drive-in doors and multiple overhead cranes. The property which has only been on the market for 6 months, was most recently occupied by international contractor Permasteelisa. There have been multiple inquiries from companies interested in occupying portions of the building, according to Frank H. Hird, SIOR, vice president of O,R&L Commercial, but Industrial Realty Group, the building owner, preferred to lease to a single tenant. The lease represents a major growth for Specialty Printing.

Frank Hird, SIOR and Carol Karney from O,R&L represented IRG, who owns over 100 million SF of industrial properties across the US, with multiple buildings represented by O,R&L in Connecticut. With any large property like this, it takes a lot of teamwork to get a deal completed, according to Hird. The IRG team included Director of Real Estate Services Onno Steger, Senior Portfolio Manager Todd Ryder and Project Manager Dave Mase and Specialty’s search team included CEO William Bailey and VP of Finance Joseph O’Brien as well as James Panczykowski, senior managing director of Jones Lang LaSalle Brokerage, Inc.

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218 Foxon PR

East Haven, CT - O,R&L Commercial is pleased to announce an Industrial Investment Sale located at 218 Foxon Road in East Haven, CT. The property is 18,764 SF of Industrial space located on 1 acre and is single tenanted by Brook & Whittle Limited, the leading sustainable labeling solutions provider in North America. Brook & Whittle provides pressure sensitive, shrink sleeve and heat transfer labels to the premium beverage, home care, personal care, food, nutraceutical, wine, spirits, and craft beer markets and has production facilities across North America.

Frank Hird, SIOR and Adam Gregg of O,R&L Commercial in Branford represented the Seller, MCM Development and also procured the buyer ECBCT LLC and SDCT LLC. The property transferred for $1,540,000.

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2 Main Front PR

Essex, CT - O,R&L Commercial, LLC is pleased to announce a recent Investment Sale located at 2-4 Main Street in Essex, CT. The 7,390 SF 2.5 story Retail / Mixed-Use building on a .31 acre parcel is a well-maintained income producing asset located in a prime location in the downtown historic area of Essex. It consists of ten residential apartments and one 1,200 SF vacant retail space, which benefits from the ideal location at the top of Essex Village. The new owner plans to fill the retail space with a quality tenant that will add to the town’s charm.

Will Braun of O,R&L Commercial represented the Seller, Essex Two, LLC and handled both sides of the transaction. The property transferred for $1,400,000.

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1570 BPR Front PR

Guilford, CT -- Will Braun of O,R&L Commercial in Branford, CT has completed the final lease of 2,200 SF of Medical Office at Serenity Hill Office Park in Guilford, CT located at 1570 Boston Post Road. The new tenant, New Haven Neurosurgical Associates, P.C. is moving from their present location in New Haven to the new Guilford location and plans to occupy their new space in April 2022.

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449 Silas Deane Hwy Photo 5 sm

Wethersfield, CT - Andrew Hale of O,R&L Commercial, LLC brokered the sale of 449 Silas Deane Highway, Wethersfield, CT.  The 3-story, multi-tenanted 18,756 SF office building sold for $1,005,000. The building is 67% leased and situated on 1.19 acres. The building was purchased as an investment property and the new owners plan to remodel the common areas inside and out. They are planning on updating fixtures with more contemporary finishes. There is 5,800 SF of space available for lease. 

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243 Vergason PR photo

Norwich, CT -- O,R&L Commercial is pleased to announce the Sale of 243 Vergason Ave, a 57,000± SF Light Industrial / Flex building located in the Norwich Industrial Park on 10.11± acres. Frank Hird, SIOR and Tim McMahon of O,R&L Commercial in Branford represented the Seller, The Vergason-Essex Trust, Inc. and also procured the buyer, Intrinsic Ventures, Inc. out of Austin, Texas. The building transferred for $2,800,000.

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758 Four Rod Rd Photo 2PR crop

Berlin, Connecticut

Luke Massirio of O,R&L Commercial, LLC brokered the sale of a 20,633 SF industrial building on 5 acres of land located at 758 Four Rod Road, Berlin, CT. The building sold for $1,050,000 on Jan. 26, 2022. 

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