O,R&L Brokerage News

85 Willow

PLAINVILLE, CT - O,R&L Commercial, LLC has completed the sale of 5+ acres of industrial land located at 35 Robert Jackson Way in Plainville, CT.  Toby Brimberg of O,R&L Commercial represented the seller, Barker Plainville LLC and also procured the buyer CS Cooperative LLC.  The property sold for $215,000.  This was the remaining parcel to be developed on Robert Jackson Way which is the home to quite a few local businesses including Network Interiors, Northeast Produce, Plainville Oil Co, Allstate Fire Equipment, IEC Industrial Electric Construction, CAD CAM Machine Corp and others. The new buyer has plans to develop the property for their own use.

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85 Willow

NEW HAVEN, CT - O,R&L Commercial is pleased to announce that it has successfully negotiated the lease of approximately 8,000 SF of R&D space at 5 Science Park in New Haven. Tim McMahon of O,R&L Commercial represented Cybrexa Therapeutics, an early stage company focused on developing an entirely new class of small molecule DNA repair inhibitors that directly target the tumor microenvironment. “Our approach will change the paradigm of drug delivery and has the potential to unlock a vast array of molecules for clinical development.” Cybrexa Therapeutics is led by an experienced management team who together have monetized over $1 billion in early stage technologies growing them from inception to commercialization.

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944 Main St front

SOUTHINGTON, CT - O,R&L Commercial, LLC is pleased to  announces the lease of 300,000 square feet of industrial warehouse space at 75 Aircraft Road in Southington, CT.  Frank Hird SIOR, Vice President and Carol Karney represented the landlord, South Business Park II, LLC of Larchmont, New York in the lease negotiation.  The tenant, 3PL Worldwide, Inc. was self-represented.  Southington Business Park is managed by IRG Realty Advisors, along with over 100 Million square feet of Industrial and Office property across the United States.  Robert Hassler, Vice President and Senior Property Manager headed up the team for IRG along with Christine Bellucci and Christina Damiano. For more information on available properties visit http://www.irgra.com/

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85 Willow

EAST HAVEN, CT - O,R&L Commercial, LLC has completed a 26,460 SF long-term lease in the 125,000 SF regional shopping center located on Route 80 in the FoxHaven Plaza on Foxon Road in East Haven, CT. Rich Guralnick, CCIM of O,R&L Commercial represented the landlord, Foxhaven Plaza, LLC and David Gorbach of Colonial Properties represented the new tenant, Flippin Out, dba Rockin’ Jump Trampoline Park which will open its doors in the East Haven Plaza on February 4th 2017. 

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85 Willow

CROMWELL, CT - O,R&L Commercial, LLC completed a 38,800 SF investment sale located at 50 Sebethe Drive in Cromwell, CT for $2,100,000. Frank Hird, SIOR and Luke Massirio of O,R&L Commercial represented the seller, Sebethe Drive Partners, LLC. The buyer, O&G Industries, was unrepresented. The investment sale included a net leased 28,800 SF warehouse/office building and an additional 10,000 SF self-storage facility on-site.

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85 Willow

EAST HAVEN, CT - O,R&L Commercial, LLC has completed a long-term 9,000± SF lease in the retail shopping center located at 15-65 Frontage Road in East Haven, CT. The plaza is currently the home to Home Depot, Auto Zone, Wendy’s, Bottle Depot Liquors, Key to the Past Antiques and others. The new tenant, East Haven Veterinarian Hospital LLC will occupy the space in 2017 after major improvements to the plaza are completed. Toby Brimberg and Phil Marshall of O,R&L Commercial represented the landlord, East Haven 1 Associates LLC and also procured the tenant, East Haven Veterinarian Hospital LLC.

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85 Willow

NORWICH, CT - O,R&L Commercial, LLC is pleased to announce the sale of the former Norwich Savings Society Bank building located at the corner of Broadway and Main Street. Included in the sale is a two story, abutting office building with off-street parking located on Church Street. The new owner, Trinicap Properties plans to aggressively market the available office suites for lease and is looking for creative re-uses of the grand former bank building with its ornate lobby and gothic architecture. Tim McMahon of O,R&L represented the seller in the transaction and procured the buyer.

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85 Willow

GUILFORD, CT - O,R&L Commercial, LLC announces the lease of 10,000+ SF of a build to suit medical office and headquarters for Connecticut Gastroenterology to be located at 800 Boston Post Road in Guilford. Frank Hird, SIOR of O,R&L Commercial represented the tenant and Robert Motley of Cushman & Wakefield represented the landlord, Towering Oaks, LLC. The new state of the art medical building is currently under construction and is expected to be completed later in 2017.

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85 Willow

NORTH HAVEN, CT - O,R&L Commercial, LLC has completed two leases in the Universal Business Center located at 222 Universal Drive, North Haven, CT.

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85 Willow

NEW HAVEN, CT - O,R&L Commercial, LLC sold the 150,000± SF office/industrial complex known as the Marlin Business Center at 85 Willow Street in New Haven, CT. The property traded for $4,475,000. The seller was 85 Willow Street NH LLC which had owned the building for over 15 years and the buyer is Willow Street Equities LLC, a New York based investor. The buyer plans on continuing to operate the property as an office/industrial complex with 40 tenants in 16 separate buildings. Originally built for Marlin Firearms in the 1800’s the property was converted to a multi- tenant facility back in the late 1970s. 

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