News: Brokerage

Michel of HK Group sells three restaurants totaling 6,200 s/f; Also promoted to senior vice president

Ralph Michel, senior vice president at HK Group, recently sold John Dough's Pizza, Tim's Philly Steaks and Backstreet Restaurant. John Dough is a 3,300 s/f restaurant and bar located at 77 North Main St. in South Norwalk. The buyer, Sweet Lucy Lynn's, will make renovations before opening for business. Tim's Philly Steaks is a 1,400 s/f free-standing, building on US-1 at 336 Westport Ave. in Norwalk. Royal Guard Fish & Chips is currently making renovations to the space and will open their new concept to the public. Backstreet Restaurant is a 1,500 s/f space located at 22 Center St. in Darien. The new owners, The Third Rail Restaurant, have renovated the interior and outdoor dining space and have already re-opened. Michel has had 20 transactions in the past 12 months and he has recently been promoted from vice president to senior vice president. Over his relatively short career as a broker, he has made a niche for himself in the restaurant industry and has become a premier restaurant broker in Fairfield County.
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Kelleher & Pentore of Horvath & Tremblay sell two multi-family property for $13.7 million

Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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