1244 Old Clinton Road, Westbrook
A 12,359-square-foot light industrial building located at 1244 Old Clinton Road and very close to Route 1 and the center of Westbrook has been sold for just under $700,000 by Renz Development to a mechanical contracting firm that is expanding its business in Connecticut’s Shoreline area.
The new owner will occupy the entire building. The property, sited on 1.5 acres, was the former location of The Woodpecker furniture manufacturing company. Kristin Geenty, president, and Kevin Geenty, vice president, of The Geenty Group, Realtors, were the two agents who facilitated the transaction.
Branford-based The Geenty Group, Realtors, is a brokerage firm that specializes in areas such as 1031 exchanges and investment sales, corporate moves, environmental issues, office sales, industrial sales, tenant representation, property management and home sales.
Galen to Relocate
Galen Partners, a leading private equity firm focused solely on the health care industry, is relocating its headquarters to Stamford from Rockefeller Center. The firm has entered into a long-term lease at 680 Washington Blvd.
Galen Partners was represented exclusively in the lease negotiations by Albert B. Ashforth Inc.-Corporate Real Estate Brokerage. Reckson Assoc., the landlord, was represented in-house.
Galen focuses on revenue stage companies with proprietary products and services in medical devices, specialty pharmaceuticals and information-technology and outsourcing services.
“Galen’s relocation was prompted by growth, our fifth fund offering and anticipated new hires,” said David Jahns, managing director of the company. “We are delighted with our new offices and being a part of the vibrant financial services sector based in Stamford.” Galen anticipates relocating all of its employees to Stamford by the end of the year, he added.
“We are pleased to have worked closely with Galen in securing wonderful office space on the top floor of 680 Washington, located steps from the train station and downtown restaurants,” said George Bagley, senior vice president of Albert B. Ashforth, who specializes in tenant representations and investment sales. April Condon of Cummings & Lockwood acted as legal counsel for Galen Partners and architectural services have been provided by Esposito Design Assoc.
Albert B. Ashforth Inc.-Corporate Real Estate Brokerage is a division of The Ashforth Co. It specializes in commercial sales, leasing, corporate relocations and investment properties.
Nonprofit Helps School
Oil Heat Cares, a not-for-profit foundation started by the National Association of Oil Heating Managers, recently came to the assistance of St. Martin de Porres Academy in Hamden. The foundation assists needy individuals and organizations with the replacement of their oil heating equipment. It raises funds to purchase heating equipment, and NAOHSM’s chapters identify those within their neighborhoods that most need a temporary helping hand, and then install the equipment at no cost.
The school, in existence for only two years, needed a new furnace, oil tank and fuel for an outbuilding that is utilized as the administrative offices. The Oil Heat Cares project for St. Martin de Porres Academy was facilitated by NAOHSM New Haven Chapter President Dan Gentile of Wesson Energy in Waterbury, George McQueeney of East River Energy in Guilford and George Perrelli of Perrelli & Sons Fuel Oil in East Haven. Mike Stevens, manager at Bell/Simon of New Haven, provided the equipment at a reduced rate.
Technician Ray Seward and apprentice Nate Terribile, both of East River Energy, provided the installation.
St. Martin de Porres Academy is a Nativity Network middle school dedicated to providing faith-based tuition-free education for girls and boys from low-income families in the Greater New Haven area.
“Our goal is to prepare each student for a quality high school and college education,” said school President Jay Bowes. Fifty fifth- and sixth-graders currently attend the school.
There are 58 Nativity schools throughout the country and St. Martin de Porres Academy is the only one in Connecticut. The school features an 11-hour day including academic tutoring, extracurricular enrichment activities and athletics, and three meals.
