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May 4, 2018 Real Estate Roundup

U-Haul biz buys blighted building for $3.15M

Photo | Contributed 190 Boston Post Road, Orange
Photo | Contributed 70 Raton Drive, Milford
Photo | Contributed 2344 Foxon Road, North Branford
Photo | Contributed 11 Sycamore Way, Branford
By Natalie Missakian

An Orange U-Haul business is expanding its Boston Post Road operation after buying a blighted building next door for $3.15 million, brokers said.

The 28,760-square-foot commercial building at 190 Boston Post Road formerly housed a furniture retailer and discount fabric store but has been vacant for several years, according to Colonial Properties. The building sits on 5.57 acres.

The buyer, Amerco Real Estate Company, which runs the U-Haul business, bought building from the estate of Elizabeth Breiner. Colonial Properties was the sole broker.

U-Haul will remain at its current address but was looking for additional land to house its rental vehicles, as well as access to a traffic signal, said Colonial Properties President Michael Richetelli.

“The town is also pleased, as this property is being cleaned up,” he said.

Milford industrial condo sells for $54K

A Milford heating and cooling company has purchased a light industrial condo in town for $54,000, brokers said.

Innovative Heating and Cooling LLC bought 70 Raton Drive Unit J in Milford from Walid Cherfane, according to Pearce Real Estate, which brokered the sale.

The company plans to move from 301 Brewster Road to the new location, Pearce said.

Auto shop lease in N. Branford

 

A company specializing in car detailing and custom vehicle upgrades has leased 2,000 square feet of light industrial space at 2344 Foxon Road in North Branford, brokers said.

The Geenty Group of Branford represented both the tenant, Legend Offroad Performance owner Giovanni Petruzziello, and the landlord, Cooper Partners LLC.

Branford fitness group lease

 

A group of fitness enthusiasts have leased 800 square feet at 11 Sycamore Way in Branford for a personal gym to hold aerial workouts, a fitness program based on circus arts, brokers said.

The Geenty Group represented the tenants, Nicole and Peter Motzer, and the landlord, Gray Eagle Corp.

New Haven Powerhouse Building lease

 

Kathryn Lofton, a Yale religious studies professor, has leased 403 square feet for personal office space in New Haven’s historic Powerhouse Building from CAPP Associates, brokers said.

The one-year lease at 458 Grand Ave. has a value of $5,440, said The Proto Group of North Haven, the sole broker in the transaction.

Natalie Missakian can be reached at news@newhavenbiz.com

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