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. The result of the sale of this property will be renewed economic growth and new jobs for residents of the Fair Haven neighborhood. Hird worked closely with the Economic Development Team in New Haven including Helen Rosenberg, Steve Fontana and Michael Piscitelli.
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 203-488-1555 for more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.