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April 30, 2021 REAL ESTATE ROUNDUP

Housing nonprofit leases New Haven space 

PHOTO | CONTRIBUTED 153 East St., New Haven
By Michelle Tuccitto Sullo

A nonprofit organization which provides housing assistance to the homeless has leased space on East Street in New Haven.

Liberty Community Services Inc. is renting 7,820 square feet at 153 East St. The lease is for three years, with an option to renew.

The organization moved from an office near the Green, according to Kristin Geenty, president of The Geenty Group, Realtors, who represented the tenant.

Liberty Community Services provides a range of programs, including eviction prevention, rental assistance, outreach to the homeless and supportive housing.

Its new home is within Foundry Square, a historic, brick, multi-tenant building housing multiple nonprofit organizations and professionals. 

Darlene Reilly of The Hurley Group in New Haven was the agent for the landlord, Foundry Square LLC. 

Financial terms of the lease were not disclosed. 

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North Haven space leased to church

Encouraging Word Church Inc. has leased 2,600 square feet at 202-204 State St., Building B, in North Haven.

The lease term is for 3 years at $15 per square foot, for a total value of $117,000, according to Press|Cuozzo Commercial Services of Hamden.

Tony Poccia of Press|Cuozzo represented the landlord, TRM Properties LLC, in the transaction. Shanavia Zackery of Coldwell Banker Realty represented the tenant. 

Her husband, Larry Zackery, serves as senior pastor at the church, which has been located on Whitney Avenue in Hamden.

“Encouraging Word Church is moving because we are expanding,” Shanavia Zackery said. “We experienced growth and needed more room.”

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New Haven rent prices see slight increase

Rent prices in New Haven increased 1.1% over the past month, slightly less than the national average, which was at 1.9%, according to ApartmentList.com’s May 2021 New Haven Rent Report.

According to the site, median rents for a one-bedroom apartment in New Haven stand at $1,107, while the price for a two-bedroom apartment averages $1,344. This is more expensive than the national average for a two-bedroom rent, which is at $1,137. The city has seen rent increases for five months, following a decline in November 2020.

Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.

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