New London, CT O,R&L Commercial, LLC has sold 2.1 acres located at 389 North Frontage Rd. for future redevelopment. The property transferred for a sale price of $1.35 million. Phil Marshall of O,R&L Commercial represented the buyer, Hampshire Venture Property LLC who plans to redevelop the parcel for a climate controlled self-storage facility. The seller, New London Property Development LLC was represented by Eastern Retail Properties.
O,R&L Commercial, with offices in Branford and Rocky Hill, represents landlords, tenants, sellers and buyers in the office, retail, medical, multi-family, investment and industrial markets.
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