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August 17, 2015 Deal Watch

Sold Wallingford office bldg. to be repositioned

PHOTO | Contributed 50 N. Main St., Wallingford.
PHOTO | Contributed 694 Nutmeg Road, South Windsor.
PHOTO | Contributed 129 Kreiger Lane, Glastonbury.

A 19,000-square-foot office building on Wallingford's North Main Street has sold for $875,000, brokers say.

Buyer John Hall is weighing conversion of the medical/professional building at 50 N. Main into a mixed-use complex, said seller's broker Pearce Real Estate.

RCR Enterprises LLC was the seller.

S. Windsor space offered

A 37,626-square-foot industrial warehouse in South Windsor is for sale or lease, brokers say.

Located on four acres at 694 Nutmeg Road North, the building offers heavy power, ample parking, 11 docks, a pair of drive-in doors, and a large, fenced-in yard. Included is 4,371 square feet of office space.

The asked rent is $4.50 a square foot. The 25-year-old building also is listed for sale with a $1.5 million asking price.

Mobile Redemption Q&E LLC is the landlord.

Sentry Commercial is listing broker.

CT Kenpo’s ‘dojo’

CT Kenpo Karate has relocated its martial-arts instruction academy to 2,250 square feet in Newington's Best Market Plaza, 175 Lowrey Place.

CT Kenpo previously was housed at 64 Market Square in town.

Reno Properties Group was sole broker in the lease with landlord Lowrey Place Realty LLC.

DeNovellis’ new home

DeNovellis Restaurant is preparing to relocate its Rocky Hill eatery to a burgeoning part of town, brokers say.

Owners Enzo DeNovellis and sons David and Devin have leased 4,300 square feet in the 13,000-square-foot Cold Spring Plaza, 950 Cromwell Ave./Route 3 in Rocky Hill. Following an extensive renovation to the space, the new restaurant is set to open this fall, according to lease broker Reno Properties Group.

Cold Spring LLC is landlord.

Their nine-year-old restaurant serving northern Italian cuisine is housed about four miles away, at 2060 Silas Deane Highway.

The strip center and Cromwell Avenue/Route 3 are near the heart of a redevelopment explosion underway that is adding some 400 new luxury apartments to that area's more than 2 million square feet of corporate office and technology space, hotels and shopping centers.

$1.85M Glastonbury listing

A pair of high-bay industrial buildings in Glastonbury are on the investment market, priced at $1.85 million, brokers say.

Built in 1988, the pair of steel buildings at 129 Kreiger Lane total 21,666 square feet, resting on 2.4 fully fenced acres at the end of a cul-de-sac.

Two tenants currently generate positive cash flow in the building, according to listing broker Sentry Commercial.  

The property is owned by E+J Preli LLC.

Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.

Gregory Seay is the Hartford Business Journal News Editor.

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