News › April 2016 Transactions
Tuesday, April 12, 2016
LITCHFIELD, CT: The Stop & Shop Supermarket Company has signed a long term ground lease to relocate its Litchfield, CT store. The new 38,000 SF store will relocate to 55 Village Green Drive just several hundred yards to the east of their existing store. Mark Greenberg the landlord is delivering the site ready for Stop & Shop to construct its building. The Proto Group LLC of North Haven CT was the sole broker and Linda Costanzo Director of Real Estate for Ahold handled the transaction on behalf of Stop & Shop.
ORANGE, CT: Wakefern Foods has signed a 20 year lease for 63,000 SF, at the former Stop & Shop on 259 Bull Hill Lane in Orange, CT. Orange Markets LLC which is run by Garofalo Markets will own the store. The Proto Group represented Wakefern in the transaction, Lisa Ham and Harry Garofalo represented Wakeferns and Orange Markets respectfully. The store is scheduled to open in the late summer of 2016.
WALLINGFORD, CT: Spring Communications d/b/a AT&T has leased 1,800 SF of retail space on Route 5 in Wallingford next to CVS. The 10,000 SF retail center will be anchored by Starbucks, Panchero's and Great Clips. RHYS Commercial of Stamford represented Spring Communications, and The Proto Group represented the landlord. The 5 year lease has a value of $245,000.
WALLINGFORD, CT: Great Clips has leased 1,080 SF of new retail space at 893 North Colony Road in Wallingford next to CVS. The 10,000 SF retail center will be anchored by Starbucks, Panchero's and AT&T. The 5 year lease is valued at $130,800. Kerry Wood formerly of the Dartmouth Co. represented Great Clips and The Proto Group represented the landlord.
WALLINGFORD, CT: Starbucks Corp has leased 1,945 SF of new retail space on Route 5 in Wallingford next to CVS. The 10,000 SF strip center will be co-anchored by Panchero's Mexican Grill, Great Clips and AT&T. The 10 year lease is valued at $900,000. Sullivan Hayes NE represented Starbucks Corp and The Proto Group represented the landlord.
WALLINGFORD, CT: Better Burrito's of South Windsor has leased 2,400 SF of retail space at the new strip center under construction on Route 5 in Wallingford, CT next to CVS. The new Panchero's Mexican Grill will co-anchor the strip center along with Starbucks, Great Clips and a new AT&T phone store. The developer is Centerplan from Hartford, CT. The lease value was in excess of $630,000 and the Proto Group was the sole broker in the transaction.
WATERBURY, CT: Untouchable Wireless Inc has leased 1,254 SF at Steelebrook Plaza, 1630 Watertown Avenue, Waterbury to open a Metro PCS store. The Proto Group was the sole broker involved in the lease.
NORTH HAVEN, CT: 375 Washington Avenue Enterprises, LLC has sold its building and land on Route 5 in North Haven to 30 Pomeroy Avenue, LLC for $2,400,000. The buyer is the Gengras Family and the future use is for a new car dealership. Andy Filler of Arison Young of Hartford represented the buyer and The Proto Group represented the seller