June 8, 2018
Real Estate Roundup

X-ray manufacturer buys Stratford HQ building for $1.05M

Photo | Contributed
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111 Research Dr., Stratford
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419-423 Chapel St., New Haven
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312 Boston Post Rd., Orange
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11 Sycamore Way, Branford
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Rose Hill Apartments, Branford
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Valley Court Apartments, Branford
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Morningside Commons, Milford
PHOTO | City of New Haven RFP
215 and 235 Crown St. and 223 College St, New Haven

A Stratford medical imaging equipment manufacturer has purchased the building that houses its headquarters for $1.05 million, brokers said.

Kubtec Digital X-ray had been leasing the 10,216-square-foot flex building on .67 acres at 111 Research Drive since December 2016 with an option to buy, according to seller's broker Jon Angel of Angel Commercial LLC.

The company, which makes high-quality digital X-ray systems, began in Milford in 2005 but moved to Stratford when it outgrew its original headquarters.

Vidal/Wettenstein of Westport represented Kubtec.

New Haven upholstery building sale

A Chapel Street building that housed a longtime, family-owned custom upholstery business sold recently for $300,000.

Sim Lev Holdings LLC of New Haven bought the brick commercial building at 419-423 Chapel St. from Evelyn Riccio, according to Colonial Properties of Orange, which brokered the sale.

The 8,400-square-foot building on .2 acres housed Berkley Hall & Sons Upholstery Co. The company, founded in 1939, recently downsized and is relocating to Hamden, said George Russo, who represented the seller.

The new owner is investigating an adaptive re-use of the property, but did not provide details, said Fred A. Messore, who represented the buyer.

Colonial Properties' lease deals

Commercial broker Colonial Properties recently represented landlords in a series of New Haven area leases.

In Orange, global IT firm Wipro signed a one-year lease with Vlock Family Realty for 1,100 square feet of office space in the Fox Steel Building, 312 Boston Post Road.

In West Haven, Epic Driving School leased 850 square feet of office space at 1006 Boston Post Road from Guy Ferraro.

In New Haven, No Nonsense Functional Training signed a five-year lease with B&L Ramsdell LLC for 3,400 square feet of flex/retail space at 149 Ramsdell St. Welco Realty represented the tenant.

North Haven dog grooming business

Pawsome Pets has signed a five-year lease at 311 Washington Ave. in North Haven for a dog grooming salon, according to Pearce Real Estate. The business plans a mid-July opening.

Pearce represented the landlord, Luigi Ferraro. Gena Loughery represented the tenant.

Branford medical products company lease

William Riegelmann has leased a 768-square-foot industrial unit at 11 Sycamore Way in Branford from landlord Gray Eagle Corp.

Riegelmann will use the space for light assembly of medical products and related storage, according to The Geenty Group of Branford, which represented all parties.

$17.6M apartment refi in Branford, Milford

Three garden apartment complexes in Greater New Haven have secured a combined $17.6 million in refinancing from KeyBank.

KeyBank Real Estate Capital said it provided three Fannie Mae fixed-rate mortgage loans to the Vigliotti family, Branford-based developers who own numerous multifamily properties in the region.

The loan portfolio includes $6.5 million for the 91-unit Rosehill Apartments and $5.8 million the 61-unit Valley Court Apartments, both in Branford, as well as $5.3 million for the 85-unit Morningside Commons in Milford.

The 10-year loans have a 12-month interest-only period and 30-year amortization schedule, Key Bank said.

Elm City RFP deadline extension

The New Haven Parking Authority has extended the deadline on its request for proposals to fill a vacant 9,500-square-foot space beneath a parking garage at College and Crown streets.

Officials had set a June 7 deadline but changed it so interested parties can tour the property. The new deadline will be three weeks after a yet-to-be-scheduled site visit, according to an RFP addendum.

The building at 215 and 235 Crown St. and 223 College St. formerly housed the Alchemy nightclub. Read an earlier New Haven Biz story here.

Natalie Missakian can be reached at news@newhavenbiz.com

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