Please do not leave this page until complete. This can take a few moments.
A 38,692-square-foot retail plaza in Vernon that long housed the Ladd & Hall furniture store recently sold for $910,000.
The furniture store closed in 2020 and longtime proprietor and local business pillar Peter Olson died the following year.
Courthouse Plaza of Rockville Centre LLC – whose principal is listed as Peter F. Olson – sold the eight-unit retail building on nearly 3.4-acres at 20 East Main St., to The Rockville Center LLC, of Watertown, in a sale recorded by the town on Dec. 29.
The buyer’s principal is Normand J. Laliberte Jr., of Middlebury. He is also principal of Watertown-based Union Flooring Installations, a national commercial flooring contractor. Laliberte said he plans extensive renovations for the half-vacant plaza in the Rockville section of Vernon.
In the spring, Laliberte said, he will begin to put on a new roof and update the building facade. In the meantime, he will market the vacant space.
“That is my specialty,” said Laliberte, 61. “I buy buildings in a little rough shape and transform them into a long-term investment.”
Horvath & Tremblay represented both buyer and seller in the sale.
Horvath & Tremblay advertised the plaza as a “clean” space with “great street presences, superior parking field and adequate loading capabilities,” along with a 200-space parking lot emptying onto Route 74 and Brooklyn Street.
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.Learn more
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.Subscribe
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!Read Here
In order to use this feature, we need some information from you. You can also login or register for a free account.