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North Haven Building Fetches $1.6M

November 30, 2012 | Reprints | Unlock Link | Print

375 Washington, North Haven A two-building complex set on 2.36 acres in North Haven recently sold for almost $1.6 million.

The buildings at 375 Washington Ave. will be the new home of Peoples Medical/Peoples Pharmacy Express. The move represents a doubling in square footage from its current location at 262 State St. in North Haven. It will move its administrative offices, pharmacy and showroom to the complex.

Building 1 is a 17,600-square-foot, industrial/warehouse/office facility with a 4,800-square-foot office. Building 2 is a free-standing, 3,000-square-foot masonry building.

Press/Cuozzo Commercial Services was the sole broker in the transaction. Stephen Press represented the seller, 375 Washington Avenue Assoc. LLC, with senior associate Joel Nesson representing the buyer, ADM Ventures LLC.

Brian Enright, of Halloren & Sage, represented the seller. The buyer was represented by Christopher McKeon, of Bershtein, Volpe & McKeon PC.