Morris and Reese of O,R&L Commercial sell 64,137 s/f for $5.6 million
O,R&L Commercial real estate brokerage team of Jay Morris and Dale Reese completed the sale of 360 Bloomfield Ave., a 64,137 s/f class A office building, situated on 4 acres at Exit 37 along I-91 to Capstone Properties LLC.
The property, previously owned by Mattapoisett Properties, LLC was sold for $5.6 million.
Morris and Reese were the sole brokers. The signature building, known as the Xerox building, is 94% leased. With its visibility along I-91 and amenities such as a full parking garage, vending service, 3 elevators, secure tenant storage areas and a large atrium lobby have made this a sought after location for area businesses. Only 5,000 s/f is currently available for lease, subdividable to 1,750 s/f.
Lakeville, CT Houlihan Lawrence Commercial, a division of Houlihan Lawrence, a real estate firm serving Connecticut and New York City’s northern suburbs, has brokered the sale for $3.5 million of the Wake Robin Inn, a 15,800 s/f historic inn located on 11.52 acres at 106 Sharon Rd.