Messore of Colonial Properties represents buyer in $2.45 million sale of West Haven industrial property

West Haven, CT Michael Richetelli, president and designated broker of Colonial Properties, Inc., has completed the sale of 755 First Ave., a 26,714 s/f warehouse/industrial property located just I-95 at Exit 43.

The property sold for $2.45 million, with Fred Messore,sr. vice president/broker associate of Colonial Properties, Inc., representing the buyer, Cheri Pierce d/b/a 19 Realty, LLC, in the transaction. The seller, Odin Holdings, LLC, was represented by Steve Ozyck of Higgins Group Real Estate in Fairfield, CT.

The industrial asset offers highway access and a highly functional layout suited for warehouse, distribution, and manufacturing users. Pierce will utilize the property for the expanding frozen food division of Zuppardi’s Frozen Foods LLC, helping support the company’s continued growth and increased demand from both local and national markets.

In addition to representing the buyer in the acquisition, Messore will also be handling the leasing of the remaining 9,300 s/f of warehouse space available at the property.

The seller was represented by attorney Michael Burdo of Milazzo & Associates, LLC in Fairfield, CT. The buyer was represented by attorney Vincent Falcone of Falcone Law Firm in West Haven, CT.

“This transaction highlights the continued strength and demand for well-located industrial properties throughout the region,” said Michael Richetelli. “755 First Ave. presented an excellent opportunity for a growing Connecticut company to expand its operations while maintaining convenient access to major transportation routes. As a West Haven-based business, it was especially important for Zuppardi’s Frozen Foods LLC to remain in the community where they have built their roots, and we are proud to have helped facilitate a transaction that supports their continued growth right here in West Haven.”