7 years ago
BRANFORD, CT - O,R&L Commercial is pleased to announce the Sale of the Northeast Technology Center located at 15 & 35 Northeast Industrial Road in Southern CT’s dynamic bioscience corridor. The property is situated just east of Yale University where the majority of the region’s science and technology companies are located. The properties consist of three interconnected R&D/Flex buildings on two separate tax lots together measuring 97,000+ SF on 5.63 acres located just off I-95 in Branford, CT. The properties were sold largely vacant by O,R&L in 2010 who then spearheaded an intensive leasing campaign during a lackluster period to bring the properties to 90% occupancy at the time of the 2015 sale. The leasing efforts were led by Tim McMahon, Rich Lee and Frank Hird of O,R&L who also represented the seller, G+L 15 & 35 NE Industrial, LLC and procured the buyer in the sale, SH NETC Branford, LLC. The sale price was $10,500,000.
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 for more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.
* * *