Orange, CT Gary Bellard, CCIM, commercial real estate broker with Colonial Properties, Inc., represented the seller, 363 Boston Post Road Associates, LLC, in the sale of 363 Boston Post Rd., a 15,300 s/f commercial building, for $2.2 million. The buyer was represented by Fred Messore, senior vice president, of Colonial Properties, Inc. The single-tenant investment property was completely renovated about 8 years ago and is the long-time home of Porch & Patio, which will remain a staple on the Post Rd.   

“This property was on the market for a very short time and traded at a very low cap rate, demonstrating the strong demand in the marketplace for quality investment properties,” said Michael Richetelli, president and designated borker of Colonial Properties.