CT CCIM Chapter Deal of the Month - $1.8m industrial expansion sale

East Haven, CT The Connecticut Chapter of CCIM has recognized the sale of 182 Commerce St., as its Deal of the Month for September 2025. This industrial transaction closed on September 25, 2025, for $1.8 million.

The property consists of a 20,269 s/f industrial building, including 3,200 s/f of office space, situated on 1.66 acres. Formerly occupied by Schneider Electric, the site underwent full environmental remediation prior to sale, making it a viable option for immediate occupancy. The property will function as a bottle redemption processing facility.

The buyer, Priyal, LLC d/b/a East Haven Bottle Return, expanded from a nearby 5,500 s/f facility into the larger space at 182 Commerce St. The proximity to the previous location allowed for a seamless transition, while the new site offers increased operational capacity, improved parking, and future leasing potential for the office component.

The transaction was facilitated by CT CCIM Chapter members Renee Stevens of Press|Cuozzo Realtors, who represented the buyer and Peter Shiue, CCIM, of Colliers, who represented the seller. The deal was secured through consistent follow-up and closed with 100% SBA financing.

This transaction demonstrates the strength of collaboration between CT CCIM Chapter members, with both the listing and cooperating brokers actively engaged in the chapter’s professional network.

Since 1969, Chicago-based, The CCIM Institute, has conferred the Certified Commercial Investment Member Designation to commercial real estate and allied professionals through an extensive curriculum of 200 classroom hours and professional experiential requirements. Currently, there are more than 9,000 CCIMs in 1,000 markets throughout the United States, Canada, and 30 additional countries. An additional 4,000 practitioners are pursuing the Designation, making The CCIM Institute the governing body of one of the largest commercial real estate networks in the world. An affiliate of the National Association of Realtors®, The CCIM Institute’s recognized Designation curriculum along with the Robert L. Ward Center for Commercial Real Estate Studies, powerful technology tools, and networking programs impact and influence the commercial real estate industry. 

Visit www.ccim.com for more information or locally, www.ctccim.com