Recent activity in the New Haven County commercial real estate market suggest some growing optimism as both users and investors complete acquisitions and/or leases…..
- KVT-Koenig, LLC, a division of the Swiss based KVT Group recently leased 18,000 SF at 73 Defco Park Road in North Haven;
- Clopay, a manufacturer and distributor of residential and commercial garage doors, has signed a 13,500SF long term lease at 285 State Street in North Haven;
- Woodbridge Corporate Park in Woodbridge, a 50,000 SF Class A office building recently sold for $5.07M;
- 401 Boston Post Road in Orange, 30,000 SF formerly occupied by CompUSA, sold for $2.7M and will be the new local home of Ocean State Job Lots;
As for foreclosures in the commercial/industrial markets, not much to talk about there. Except for a handful of deteriorating building in the inner city, most lendors reporting minimal foreclosed properties on their books………Working some good sized deals, so more to report in the coming months.
FredP
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