Ginny Carroll
Coldwell Banker Commercial-Scalzo Group of Bethel recently brokered the sale of a half-acre parcel located at 22-24 Padanaram Road in Danbury for $465,000. The property will be home to a new 3,500-square-foot restaurant. Ginny Carroll of Coldwell Banker Commercial-Scalzo Group represented the buyer, Elmer Palma, and Tower Realty represented the seller, RDB Assoc.
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 among the industry leaders in providing commercial real estate solutions and the management of commercial real estate property.
Coldwell Banker Commercial-Scalzo Group is part of the Scalzo Group Real Estate Services companies.
Industrial Leases Signed
The Geenty Group, Realtors, of Branford recently leased space in two industrial buildings.
Kristin T. Geenty, president of The Geenty Group, leased two units at 215 Research Drive in Milford. Geenty represented the tenant, Jonathan Siegel of Alarm Warehouse LLC. Alarm Warehouse has served Long Island, N.Y., for 20 years. The Milford location marks the company’s expansion into New England. The landlord, D’Amato Investments, was represented by William N. Clark, senior vice president at The Geenty Group.
Arthur J. Randolph, vice president at The Geenty Group, leased 5,000 square feet of space in the East Haven Industrial Park, specifically in a modern, light industrial building located at 17 Commerce St. in East Haven. Randolph represented the tenant, Select Express & Logistics, a New York City-based transportation and logistics company. The landlord, Ultra-Optix Inc., was represented by Carl Russell of George J. Smith & Son Real Estate in Milford.
Nursing Facility Sold
The Westchester/Fairfield office of CB Richard Ellis recently arranged the sale of Southport Manor in Southport, one of the area’s premier nursing facilities, for $8.7 million.
Elizabeth Chappel, vice president of CBRE, represented the seller, Connecticut Health of Southport, and was responsible for procuring both the buyer, Mill Hill Terrace Assoc., and the new operator, Connecticut Health Facilities.
One of the most affluent residential communities in the New York metropolitan area, Southport Manor is an upscale 45,984-square-foot, 140-bed skilled nursing facility that has offered traditional long-term health care, physical therapy, occupational therapy, speech therapy, respiratory therapy and special care services for more than 37 years. Built in 1968 and located on more than 10 acres at 930 Mill Hill Terrace, the single-story property includes administrative offices, a kitchen, beauty parlor, dining and recreation rooms, private residents’ rooms and sitting room lounges.
“Mill Hill Terrace Assoc. was interested in acquiring a stable asset in a flourishing market,” said Chappel. “Southport Manor fit all the requirements and we were pleased with the results of this exceptional sale.”
Southport Manor is located in the southwesterly quadrant of the town of Fairfield. Easily accessible by U.S. Route 1 and Interstate 95, the property sits on a large, rolling parcel of land including lush lawns, trees and foliage for residents to enjoy.
CB Richard Ellis Group, a Fortune 1000 company based in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2005 revenue). The company serves real estate owners, investors and occupiers through more than 350 offices (including affiliate and partner offices) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; investment management; appraisal and valuation; and research and consulting.
