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October 11, 2022 REAL ESTATE

Custom auto boutique owner leases Universal Drive space

PHOTO | CONTRIBUTED 150 Universal Drive, North Haven

A local business owner is renovating a commercial building on Universal Drive in North Haven where he will occupy more than 21,000 square feet with several auto-based shops.

Giovanni Petruzziello has entered into a five-year lease for space at 150 Universal Drive, where he will run Legends Auto Boutique LLC.

Also occupying the building is Petruzziello’s internet-based company through which he sells casual and sports clothing. He also plans to have a customized vehicle sales facility there.

Petruzziello is in the middle of major renovations to both the interior and exterior of the building for operations. He plans to create a showplace where clients can have small gatherings and receptions.

He will relocate operations from North Branford, and he expects to be up and running in the North Haven location by the end of the year.

The property is a three-building site owned by North Haven-based AMMB Associates and its principal Mark A. Esposito. The property has a total appraised value of nearly $2.7 million.

The lease is valued at more than $500,000.

Kristin Geenty, president of The Geenty Group, Realtors, in Branford represented the landlord, while Kevin Geenty, vice president, represented the tenant.

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