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November 18, 2013 Deal Watch

Hfd. Dunkin’ Donuts bows

Photo | Contributed Dunkin' Donuts opened at 255 Farmington Ave. in Hartford, next door to its old address.
Photo | Contributed Price was cut to try selling this Wallingford building.

Central Connecticut's largest Dunkin' Donuts franchisee has replaced an older coffee shop with a new one, both on Farmington Avenue in midtown Hartford.

Great American Donut Inc. opened a free-standing, 1,094-square-foot Dunkin' Donuts with drive-thru at 255 Farmington Ave., next door to a former one at 271 Farmington Ave.

R. Calabrese Agency LLC brokered the transition as Great American's exclusive agent.

Great American operates more than 52 Dunkin' Donuts, mostly in the Greater Hartford area, according to R. Calabrese broker Tony Valenti.

R. Calabrese is working with landlord, The Pamela Corp., to remarket both the old location at 271 Farmington Ave., along with the former Oasis Diner property, either as build-to-suits or ground leases, Valenti said.

• • •

$600K Wallingford pricecut

The seller of a 12,000-sqare-foot office-warehouse building in Wallingford has cut $600,000 from its original $1.7 million asking price, realty authorities say.

Brown University owns the 41-year-old edifice on 3.1 acres at 53 N. Plains Industrial Road. The donated property was refurbished in 1997, according to listing broker Sentry Commercial.

It has 44,426 square feet of warehouse space, plus another 11,960 square feet of mezzanine space for offices. It has 89 parking spaces.

• • •

Elm City plaza sale

A retail plaza on State Street in New Haven has been sold to an AIDS-care provider.

Leeway Inc. paid an undisclosed sum to the former owners of The Costume Bazaar for the 13,750-square-foot property at 1593 State St.

Leeway provides inpatient rehabilitative and palliative care to AIDS sufferers.

Pearce Commercial Real Estate was the sale's sole broker.

• • •

Cheshire bldg.’s $350K sale

An investor paid $350,250 for a 7,748- square-foot commercial building in Cheshire.

Common Goal Associates LLC bought the property at 1573 Highland Ave. as an investment from Elaine Richard, realty authorities said.

O,R&L Commercial was sole broker in the sale.

• • •

XVIVO’s Wethersfield office

XVIVO Scientific Animation leased some 3,000 square feet for offices at 915 Silas Deane Highway in Wethersfield.

XVIVO creates medical animations, medical illustrations and medical interactive productions.

O,R&L Commercial represented landlord RJD Commercial Development LLC. CB Richard Ellis represented XVIVO.

• • •

Ridgefield hires Konover

West Hartford's Konover Residential Corp. has been hired to manage 152 housing units for the town of Ridgefield.

Terms weren't disclosed.

Under the contract, Konover will manage a mix of elderly, congregate and affordable housing units located in the Prospect Ridge and Ballard Green communities.

Ballard Green features 77 residential homes opened between 1979 and 1986. Prospect Ridge includes 75 one-, two- and three-bedroom homes within three smaller communities.

Konover manages several affordable residential properties throughout Connecticut.

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Greg Seay is the Hartford Business Journal News Editor.

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