8 Inspiration Lane, Chester
Kristin T. Geenty, president, and Kevin C. Geenty, vice president, of Branford-based The Geenty Group, Realtors, recently served as the listing and leasing agents for 8 Inspiration Lane in Chester, a 38,600-square-foot distribution building.
The modern, high-ceilinged facility is the former home of Chester Machine Products, which was sold to a German manufacturer several years ago. The property is owned by Ohaus Management Group. The landlord’s primary negotiator in the long-term lease was Karl Ohaus. Bill Stauffer, president of Insula-Dome Skylights, the tenant company, reports that his firm has already taken occupancy of the facility.
The lease has a value in excess of $750,000 and the tenant company has been granted an option to purchase the building and land.
The Geenty Group also worked with Lyman Real Estate to complete the sale of 3 Hilltop Road, which is located in the Norwich Business Park in Norwich, to Donovan Marine Inc., a leading marine accessory distribution company. The seller began leasing the 44,820-square-foot building to Donovan Marine in August 2004 with the intent of completing the purchase after due diligence was finished. The sale was closed on March 31 of this year.
Ron Lyman and Karen Simkowski of Lyman Real Estate represented the sellers. Kevin Geenty of The Geenty Group, along with Matt O’Hare of CB Richard Ellis, represented the buyers. Donovan Marine, a New Orleans-based national distributor of everything for the boating enthusiast, was referred to The Geenty Group by Randall L. Walker of the Industrial Group in New Orleans. Walker is the 2006 president-elect of the Society of Industrial and Office Realtors.
Smith Brokers Waterbury Lease
Martin Smith of Coldwell Banker Commercial Scalzo-Tom Hill Group in Waterbury recently brokered the lease of 1,500 square feet at 37 Central Ave. in Waterbury. Smith was the sole broker in the transaction representing both the landlord, Rising Phoenix Management of Group of Waterbury, and the tenant, Communities United to Strengthening America of Washington, D.C.
Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate Corp. The company has independently owned and operated affiliate real estate offices in more than 325 markets throughout the world and is an industry leader in providing commercial real estate solutions and the management of commercial real estate property.
CCIM Elects Board Members
CCIM Institute, the governing body of the largest commercial real estate network in the world, elected 17 Certified Commercial Investment Members to its board of directors at business meetings held recently in Vancouver, British Columbia.
Those elected to the board of directors are responsible for voting on policy, procedural and financial issues pertaining to CCIM Institute, its membership and education programs.
The following CCIMs were elected to three-year terms on the board of directors: Don Arsenault of Tacoma, Wash.; Roger Broderick of Pinellas Park, Fla.; Betsey Busse of Dallas; Phil Crane of San Antonio; Harold Huggins Burtonsville, Md.; Richard Juge of Metarie, La.; John Khami of Troy, Mich.; Todd Kuhlmann of Austin, Texas; Joe Larkin of Albany, N.Y.; Paul Lynn of Houston; Mark Macek of Great Falls, Mont.; Nick Miner of Phoenix; Bill Richert of Tulsa, Okla.; Frank Simpson of Gainesville, Ga.; Bill Stonaker of Southlake, Texas; Chuck Wise of Carlsbad, Calif.; and William Witting of Mount Vernon, Wash.
