Colonial Properties Brokers Two Deals

Michael Richetelli, President and Designated Broker of Colonial Properties, Inc. is pleased to announce the completion of two retail transactions along the route one corridor.

Michael Richetelli recently negotiated the lease of 1590 Boston Post Rd., Milford. Richetelli represented the Landlord, Milford Post Associates in the leasing of the 2,667 SF +/- freestanding commercial building for a ten year lease to Smashburger, a national restaurant franchise operating over 300 stores in 32 states. “This should be an exceptional location for Smashburger, as the free-standing building offers high visibility and is adjacent to the Whole Foods anchored Milford Marketplace”, Richetelli said. Peter Levine of Charter Realty represented the tenant in the transaction.

Fred A. Messore, Senior Vice President at Colonial Properties represented the seller, 1003 Boston Post Road, LLC, in the sale of 1003 Orange Ave., West Haven, which consisted of .86 +/- acres of vacant land. The site was the long time home of Chuck’s Steak House, which was destroyed by a fire in 2013. The property sold for $575,000 to O’Reilly Automotive Stores, Inc. O’Reilly will be constructing a 6,000 sf retail auto parts store. Dominick Musilli, of True Commercial real Estate, represented the Buyer.

Colonial Properties, Inc., founded in 1978, is a full service Commercial and Residential Real Estate Brokerage, located in Orange, CT. The firm handles commercial and residential real estate transactions including the sale and leasing of retail, industrial, office, investment properties, and residential properties, as well as brokering land and business sales.