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June 10, 2013 Deal Watch

Curagen’s ex-Branford HQ sold for $4.5 million, leased

Contributed photo The former Branford home to Curagen Corp.
Middletown’s Wadsworth Mansion, 423 Main St.

The former Branford headquarters for Curagen Corp. sold recently for $4.5 million to a buyer who subsequently landed a pair of tenants, realty sources say.

An affiliate of SWC Office Furniture in Stamford bought the 23-year-old Class A office building at 322 E. Main St., just off Exit 5 on I-95, from TKJ Associates.

The buyers own and manage a portfolio of commercial and retail real estate properties.

The three-story building is leased to professional office users. The seller began subdividing the building and attracted Durata Therapeutics.

The new owner recently signed leases with two unnamed tenants for the entire first floor, bringing the building’s occupancy close to 70 percent.

New Haven Group Inc. represented the seller and brought the buyer to the table. The broker also was retained to market the building’s remaining second-floor vacancies.

• • •

Middlesex Co. space filled

Several Middlesex County office and retail vacancies have been filled, broker Trevor Davis Commercial Real Estate LLC reports.

In Middletown, Connecticut Underwriters Inc. leased 8,471 square feet on the second floor of the Wadsworth Mansion at Long Hill Estate, 421 Wadsworth St. Trevor Davis was the only broker in the transaction. Middletown’s Long Hill Estate Authority is landlord.

Also, Dunkin’ Donuts leased 2,140 square feet of retail at 423 Main St. Trevor Davis Commercial represented landlord R. Balaban Realty LLC. RE/Max Right Choice represented the tenant.

Dunkin opened the ‘Dark Roast’ shop after moving from its previous location at nearby Metro Square.

Dance Outfitters and Reality Interactive signed a pair of leases at Main Street Market, 366-386 Main St., with landlord Main Street Market LLC.

Reality Interactive leased the top two floors, totaling 6,174 square feet for offices. Dance Outfitters leased 1,300 square feet of retail space in the market area. Trevor Davis Commercial was sole broker.

In Middlefield, Alpine Environmental leased 5,000 square feet at 41 Commerce Circle. Trevor Davis represented the tenant and Kyle Roberts of CB Richard Ellis represented the landlord, CSK Realty Inc.

• • •

Munger’s Westbrook refit

The Lee Co. has hired Branford’s Pat Munger Construction Co. to refit its Westbrook offices to house its sales engineering and screen groups.

The renovation of its 17,980-square-foot office building at 2 Pettipaug Road was designed by Noyes Vogt Architects of Chester. It will feature structural steel, conference room wood paneling, floor to ceiling glass walls with decal logo and granite stair treads with inlay, authorities said.

Occupancy is set for next April.

Lee Co. makes miniature precision fluid control products for aerospace, Formula 1 racing, oil exploration, automotive, off-highway equipment, machine tools, medical and scientific instrumentation, and ink-jet printing.

Deal Watch wants to hear from you. E-mail it, along with contact information to: Greg Seay is the Hartford Business Journal web editor.

• • •

Milford space leased

GB Power Washing and Gutter Service LLC leased an 800-square-foot industrial unit at 181 Research Drive in Milford.

Tenant Gerald Booker will use the space for office and storage.

The Geenty Group, Realtors brokered the lease with landlord D’Amato Investments LLC.

• • •

$90K Hamden office condo

A first-floor Hamden office condominium recently sold for $90,000, realty sources say.

Buyer 30 Washington Ave. Realty Corp. bought Unit No.103 at 60 Washington Ave. from Cardiology Associates.

O,R&L represented the buyer; Levey, Miller, Maretz the seller.

Deal Watch wants to hear from you. E-mail it, along with contact information to: Greg Seay is the Hartford Business Journal web editor.

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