December 3, 2012
Deal Watch

Brooks Bros.’ Darien quarters brings $7.5M sale price

This Darien building at 987 Boston Post Road has sold.
New owner for this Wallingford property.

A 9,837-square-foot retail building that houses Brook Brothers in downtown Darien sold recently for $7.5 million, realty authorities say.

Kleban Darien LLC bought the building at 987 Boston Post Road from Brooks Darien LLC, a unit of DeBartolo Development.

Brooks Brothers is the sole tenant in the building erected in 2008 on a 0.13-acre parcel. There is 47 years left on the ground lease, authorities said.

Cushman & Wakefield Inc. brokered the sale.

• • •

N. Branford space

Precision Measurement Services Corp. leased 5,000 square feet at 8B Commerce Drive in North Branford to sell machinery-calibration products.

Morrell Smith is Precision's president.

The Geenty Group, Realtors, was sole lease negotiator with landlord Douglas Bredbury.

• • •

B’port rubber plant recycled

New York plastics recycler PlastiCycle Corp. bought Bridgeport's former Syntex rubber-products plant as its newest recycling facility.

Businessman Joseph Cirillo and Seaview Plastic Recycling Inc. paid an undisclosed sum for the 58,722-square-foot industrial facility at 938 Crescent Ave. that has housed several short-term tenants since Syntex's successor vacated the plant in 2010.

Angel Commercial LLC represented the buyer and the seller, Lavelle Industries LLC of Wisconsin, Syntex's successor.

Plasticycle recycles all types of polymers into clean regrinds, reprocessed pellets and pulverized materials for reuse in a wide range of products and industries.

The plant was due to be running before Thanksgiving, authorities said.

• • •

Allstate’s Bloomfield space

Alllstate Insurance is leasing 1,134 square feet for a sales office at Bloomfield's Filley Pond Plaza.

The new office is due to open in December in the shopping center at 38 Tunxis Road.

O,R&L Commercial handled the lease with both the tenant and the landlord, Bloomfield Equities LLC.

• • •

$3M Wall’ford office sale

A 29-year-old Wallingford office building has drawn a $3 million sale price, realty advisors say.

Eponymous seller 97 Barnes Road LLC sold the 23,057-square-foot building on just over five acres to SKF 97 Barnes LLC.

O,R&L Commercial represented both parties in the sale.

The office building was originally built in 1983 and was fully renovated in 2008.

O,R&L recently completed a lease with the Farm Services Agency for 2,000 square feet in the building that had 6,500 square feet of remaining vacancy.

• • •

FAVARH’s new Canton home

Nonprofit The Arc of the Farmington Valley has purchased a 7,000 square-foot Canton office building to expand its day programs and services for people with learning disabilities.

The Arc — also known as FAVARH — bought the building at 15 Canton Springs Road from Four Paws Realty.

Sentry Commercial represented FAVARH in the transaction.

• • •

SweetFrog hops into Westport

Virginia frozen-yogurt franchisor sweetFrog LLC leased 1,816 square feet at 623 Post Road in Westport for its second Connecticut store.

Jennifer Gallan and James Leary are owners of sweetFrog in Westport.

Roseville Estates Inc. is landlord.

Angel Commercial LLC brokered the lease.

• • •

Branford apple brandy space

Tenant Tai Phan Lam leased a 768-square-foot unit in Branford in which to produce apple brandy, authorities say.

The Geenty Group, Realtors, was sole broker in the lease at 11 Sycamore Way with landlord Gray Eagle Corp.

Deal Watch wants to hear from you. E-mail sale or lease details, along with contact information, to: gseay@HartfordBusiness.com. Greg Seay is the Hartford Business Journal's web editor.

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