Miller of Arnold Peck's Commercial World brokers $575,000 restaurant sale

November 17, 2011 - Connecticut

430 Boston Post Road - Milford, CT

Joan Miller, Arnold Peck's Commercial World

Joan Miller, vice president of Arnold Peck's Commercial World, brokered the sale of 430 Boston Post Rd., the former Yoshida Japanese Restaurant. The owner of the building leased the 4,530 s/f building on a .36 acre parcel to family members who owned and operated the Japanese Yoshida for over 20 years and retired.
The owner, Ya Jung Kao Teng, sold the property for $575,000 to Joe and Ania Catalano, owners of Joey C's Roadhouse, BBQ and Mexican cuisine, of Milford. The new totally remodeled building will be a full service restaurant under the name of Joey C's Roadhouse with a bar, party rooms, expanded in-house and take-out menus and catering services.
Financing for the purchase of the building and the expansion of the business (SBA 504 Loan) was arranged by Mark Candido and Sandi Weber of Quinnipiac Bank and Gary Toole of CTCIC Connecticut Community Investment Corporation.
George Adams, Esq. of Harlow, Adams & Freidman law firm, Milford represented the seller, and Joseph Friedler of Friedler & Friedler, New Haven was the attorney for the buyers.
Charlotte and Leslie Goldblatt of Goldblatt Associates Commercial Real Estate were the brokers representing the buyers in the transaction.
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