Orange Commercial Property Sells for $1 Million

Orange, CT - Colonial Properties, Inc. of Orange announced the sale of two properties totalling $1.86 million including a parcel in Orange.

In a separate deal Peter Hamme, former owner/chef of Stone House Restaurant in Guilford, has purchased a former restaurant building in Seymour, according to Michael Richetelli, President and Designated Broker of Colonial Properties, Inc.

The Orange transaction:

273 Indian River Road in Orange, a 17,500 SF +/- office/light industrial building on 2 acres, sold for $1.013 million to Connecticut Pest Elimination, Inc. CT Pest, owned by Michael Lipsett, is a family run business that has served Connecticut for over 20 years. Mike Richetelli, represented the Seller, 273 Indian River Road Office Park, LLC.

The restaurant transaction:

The purchase of the former Lake House Bar & Grill building, at 377 Roosevelt Drive in Seymour was announced by Colonial Properties. The 2,606 SF +/- building on .41 acres sold for $850,000 to CYN Realty LLC, dba Stone’s Throw Restaurant.

Stone’s Throw will be owned and operated by Peter Hamme, former owner/chef of Stone House Restaurant in Guilford.

The former popular restaurant in Guilford closed in July 2015 after Michael Rothberg, who is co-owner of Oceanco LLC purchased the land at 506 Whitfield Street for $2.75 million. Rothberg plans to use the space for marine research, which has led to concerns from residents.