Orange, CT According to Michael Richetelli, president and designated broker of Colonial Properties, Inc., ithe company has completed the following transactions:
• Gary Bellard, broker at Colonial Properties, represented the tenant, New Solutions Pain Management, in leasing 3,026 s/f of built-out medical office space located at 236 Boston Post Rd. for a five-year lease term. Tom Cavaliere of Coldwell Banker represented the landlord, Monarch Properties.
• Tony Vitti, Realtor at Colonial Properties, represented the landlord, R&E Realty, LLC in the leasing of 8,500 s/f of warehouse space located at 81 Boston Post Rd. for a one year lease term to a tenant who will utilize the space for storage. Vitti was the sole broker in this transaction.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and