News: Owners Developers & Managers

Massirio and Hird of O,R&L Commercial broker $2.1 million sale of 38,800 s/f building

Rocky Hill, CT O,R&L Commercial, LLC and agent Luke Massirio have had a busy end of 2016. Massirio and Frank Hird sold a 38,800 s/f industrial building at 50 Sebethe Dr. in Cromwell, for $2.1 million. Massirio and Hird represented the seller, Sebethe Drive Partners, LLC and the buyer, O&G Industries, was unrepresented. The sale was an investment consisting of a net leased 28,800 s/f warehouse building to Beavex with an additional 10,000 s/f self-storage facility on-site.

50 Sebethe Drive - Cromwell, CT

Massirio also sold 179 Talcottville Rd. in Vernon, for $547,500. This 4,300 s/f former Battison’s Dry Cleaners was purchased by Jasko Development. Massirio represented the seller, Len Battison and the buyer was represented by Brian Zelman of Zelman Real Estate, LLC. The site will be 6th location for AFC Urgent Care.

179 Talcottville Road - Vernon, CT

Besides selling buildings, Massirio was also busy leasing. He leased 54,000 s/f of industrial space to All Mail Direct at 128 OId Brickyard Rd. in Berlin. All Mail Direct, formerly headquarted in New Britain, is using the space for its fulfillment and outsourced warehousing operations. 128 Old Brickyard Rd. is a 127,000 s/f facility on 45 acres. The owner, Lakewood Associates, was represented by Massirio and the tenant was represented by Scott Rishar of North Atlantic Realty.

128 OId Brickyard Road - Berlin, CT

Massirio also leased 790 Ridge Rd. in Middletown. This 2,933 s/f flex building was leased to L-Train Electric, formerly of Portland, Conn. L-Train has moved their full operations. L-Train is a dealership for the full line of reliable Generac power generation products.

790 Ridge Road - Middletown, CT

O,R&L Commercial, LLC with offices in Branford and Rocky Hill represents landlords, tenants, sellers and buyers in the office, retail, medical, multi-family, investment and industrial markets.

O,R&L Integrated Services is a full service real estate firm that specializes in commercial real estate brokerage, commercial construction, and facility management and maintenance.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

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

Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains