News › July 2014 Transactions

Wednesday, July 9, 2014

MILFORD:  Wakefern Food Corp. d/b/a Shop-Rite will be relocating its current store on Cherry Street in Milford to the former Showcase Cinema property owned by companies that are affiliated with Louis Ceruzzi and Ceruzzi Properties.  Lisa Ham, Sr. Real Estate Representative for Wakefern, negotiated the deal on behalf of Shop-Rite; Louis, John Ceruzzi and Ken Cartelli on behalf of the landlord.  The Proto Group was the sole broker in the transaction.  The 20-year lease has a value in excess of $36,000,000.  Harry Garofalo is the owner/operator of the Milford, West Haven, Stratford, Hamden and the newer East Haven Shop-Rite locations.

NEW HAVEN:  Next Step Living has leased 804 SF at the newly renovated Powerhouse Building on Grand Avenue in New Haven.  Nick Pinto of Sentry Commercial in Hartford represented the Tenant and The Proto Group LLC represented the Landlord, CAPP Associates LLC of New Haven.

WATERBURY:  Nail Pro has leased 1,423 SF for a new salon at the Aldi/CVS anchored plaza at 464 Reidville Drive in Waterbury.  The tenant signed a five-year lease with a value of $76,000.  The Proto Group, LLC was the sole broker in the transaction.