April 13, 2018
Real Estate Roundup

Family entertainment park moving into empty Orange big-box building; ShopRite inks lease in Cromwell

Photo | Contributed
Photo | Contributed
260 Bull Hill Lane

A growing national family entertainment park chain will open later this year in the long-empty building that once housed a Kmart in Orange, brokers said.

Urban Air Family Adventure Parks — which features go-karts, trampolines and laser tag — has leased the 85,000-square-foot building at 260 Bull Hill Lane in Orange, according to Colonial Properties Inc.

Vacant for more than a decade, the building housed a Kmart until the store closed in the late 1980s, and after that was home to a Builder's Square.

Colonial Properties President Michael Richetelli said the lease is part of a growing trend of hard-to-fill big box retail spaces being repurposed for entertainment.

Colonial Properties represented the landlord, Bull Hill Associates LLC, while Venture Retail Partners represented Urban Air.

The opening date has yet to be determined, a spokeswoman for Urban Air said in an email.

Founded in 2011, Urban Air has more than 40 adventure parks around the country, including one set to open in Manchester this year, and was named one of Entrepreneur Magazine's Top 25 new franchises in 2018.

ShopRite signs Cromwell lease

ShopRite has inked a 20-year lease valued at $15 million for 68,625 square feet of retail space in Cromwell, brokers said.

The supermarket chain is moving into space at 45 Shunpike Road, the former home of an Xpect Discounts, which closed in 2016, and part of a Kmart, which shut down last year. A small addition will also be built, according to The Proto Group of North Haven.

The Proto Group represented ShopRite's merchandising and distribution arm, Wakefern Food Corp., and regional ShopRite store owner Garafalo Markets. True Commercial real estate represented the landlord, Craig Way of H.B. Nitkin.

Other tenants in the plaza include Sally Beauty, Pet Valu, Anytime Fitness, Dollar Tree, Citizen Bank and Ruby Tuesday.

Waterbury Sprint Store lease

Solutions Center LLC has signed a five-year lease for 1,950 square feet at 1529 West Main Street in Waterbury to operate a Sprint Store, brokers said.

The Proto Group represented the tenant, while landlord Vinnie LoRusso of 84 Waterbury LLC represented himself.

Solutions Center is a Sprint authorized retailer with 16 Sprint stores and service centers in Connecticut, according to the company website.

Natalie Missakian can be reached at news@newhavenbiz.com

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