193 Main St., Monroe
Fischer Real Estate recently brokered a lease at 193 Main St. in Monroe.
Skate Time of Monroe has leased 12,920 square feet of retail space for five years, with options to extend the term and purchase the property. Alan M. Fischer, president of Fischer Real Estate, represented the tenant and the landlord, JDCA LLC, in the transaction.
Fischer said the location long has been used for recreational purposes, including a bowling alley and, most recently, a roller skating rink.
Founded in 1976, the Orange-based real estate firm specializes in representing owners of small to midsize commercial, industrial, office and investment properties throughout Fairfield and New Haven counties who want to sell, lease or buy.
Kurfehs Earns Recognition
Harold Kurfehs has been named the “2007 Top Producer” for Coldwell Banker Commercial Scalzo Group in Bethel.
Kurfehs serves as vice president of the office and handles commercial, investment and industrial sales and leasing, as well as retail development. He has been in commercial real estate sales for 20 years.
From the same office, Rhonda Mesenbourg has been named the “2007 Rising Star.” Mesenbourg, who serves as an account executive, concentrates on office and retail leasing.
Antares Fills Property
Antares Investment Partners has completely leased its development project at 100 West Putnam Ave. in Greenwich.
Under Antares’ ownership, the 154,000-square-foot property, formerly known as the U.S. Tobacco Building, reached “lease-up” status a year ahead of company projections.
“[The property at] 100 West Putnam, acquired just 12 months ago at well below replacement cost, will produce the highest cash flows per foot of any commercial office building in the United States,” said Joseph Beninati, managing partner at Antares.
The company reports that the nearly $16 million of property cash flow will produce approximately two times the annual interest cost at the facility.
“We greatly appreciate all the hard work of the town of Greenwich to keep this project on schedule so that the town can continue to attract the world’s leading financial institutions that produce solid and high-paying jobs for the local economy,” said Frank Janos, president of the Antares construction division leading the development.
Antares Investment Partners is a real estate development and private equity firm based in Connecticut. Founded in 1996, the company has approximately 100 employees and more than $6 billion of assets and projects under management, totaling nearly 10 million square feet.
Geenty, Cortese Broker Deal
Kevin C. Geenty and Steve Cortese of the Geenty Group Realtors recently brokered a $390,000 sale in Old Saybrook.
Geenty and Cortese represented the sellers, the Colebank family, in the sale of a two-building industrial complex at 114 East Mill Rock Road. The buildings, which formerly housed Tantor Media, will be used as the Connecticut headquarters for Geomatrix LLC, a septic engineering firm owned and operated by David and Elizabeth Potts.
CDC Completes Sales
The Hartford office of Colliers Dow & Condon brokered three recent sales.
Nicholas Morizio and Keith Kumnick were the sole brokers in the $1.5 million sale of a 45,834-square-foot industrial building at 1251 East St. South in Suffield. EDM Distributors bought the property from Suffield Assoc.
David Richard, a principal at CDC, was the sole broker in the $750,000 sale of an 8,000-square-foot industrial building at 50 Robert Jackson Way in Plainville. IEC Properties was the buyer and JL Enterprises was the seller.
Richard also represented a limited liability company in its $650,000 sale of a 10,800-square-foot industrial building at 4 Northwood Drive in Bloomfield. Bob Pagani, also a principal at the firm, represented the buyer, FMI Paint
