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Connecticut
Posted: June 30, 2011
Karney and Foote of O,R&L Commercial broker $2.35 million auto dealership sale
Carol Karney and Steve Foote of O,R&L Commercial, LLC recently completed the sale of a 28,284 s/f auto dealership at 77 Leibert Rd. for $2.35 million.
O,R&L represented the seller, Tony March Buick, Inc. The buyer, Auto Corner LLC, represented themselves. The building will be used as a service center for the Valenti Motors dealerships until a franchise for this location is established.
In another transaction, Jay Morris and Foote of O,R&L Commercial, LLC completed the sale of a 30,950 s/f retail building at 125 Silas Deane Hwy. in Wethersfield for $400,000. The property was formerly occupied by Porter & Chester Institute which relocated to 30 Waterchase Dr. in Rocky Hill in 2007.
Morris represented the seller, Richard D. Wolf & Company LLC. The buyer, Silas Deane Highway 125 LLC, was represented by Foote. The buyer is renovating the building for lease to one or more retail tenants.
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Connecticut
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