Russell of Pearce Commercial Real Estate represents Webster Bank in $154,000 industrial building sale

According to Barbara Pearce, president of Pearce Commercial Real Estate, Carl Russell, CCIM, SIOR, senior commercial broker with Pearce's Milford office, has completed the $154,000 sale of 5,259 s/f light industrial building at 271 Wheeler Ave. Russell represented the seller, Webster Bank. The property, formerly occupied by a stone and tile company, was sold to The Installation Company, represented by Rob Shawah of the Baldwin Pearson & Co, Inc. Work will begin immediately to renovate and remodel the property. Russell is a member of the Society of Industrial and Office Realtors (SIOR) and a Certified Commercial Investment Member (CCIM). He is a nationally known instructor in the CCIM program. In addition, Russell is an assistant adjunct professor of real estate at New York University. He is also past president of the Greater New Haven Association of Realtors. Pearce Real Estate is a full-service real estate company with more than 100 agents and eight branch offices in greater New Haven and the Shoreline. Commercial Real Estate offices are located in North Haven, Milford and Rocky Hill.

Tags: Owners Developers & Managers

Reprint

Previous Story Next Story

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.

Brookfield Properties has rebranded as BGRE

Cathartes and Tidemark to open Marlo on Mill Pond this fall

Project of the Month: Brady Sullivan opens The Lofts at 93 North - Modern luxury apartments in Concord, N.H.

Peyser Real Estate Group celebrates ribbon-cutting for $55 million Dexter Street Commons

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Keefe and O’Brien of Greater Boston Commercial Properties sell two pet hospitals for $2.1249 million

Columns and Thought Leadership

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

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

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

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