News: Owners Developers & Managers

Schaffer of Press/Cuozzo Commercial Services handles 11,720 s/f lease to Prometheus Research

According to Stephen Press, principal of Press/Cuozzo Commercial Services, senior leasing broker Ted Schaffer has completed a long-term lease for a full floor at 55 Church St. Prometheus Research, LLC has signed a lease for 11,720 s/f on the seventh floor. Schaffer represented the landlord and the tenant was represented by Robert Adnopoz of Colliers Dow and Condon's New Haven office. 55 Church St. is a joint venture of The Rose Smart Growth Investment Fund I, LP and Hurley 45-55 Church Street, LLC, an affiliate of The Hurley Group. Schaffer has also been appointed exclusive leasing agent for the property at 475-477 Elm St., West Haven. The Armstrong Complex, a 550,000 s/f warehouse/manufacturing and office facility is situated in a Transit Oriented Development zone with a total of 72,000 s/f available for immediate occupancy. Unit A offers 12,000 s/f and includes 16-ft. ceiling height, 200 amp / 3 phase electrical service, one 14-ft. drive-in door, and two shared loading docks. Unit B offers 60,000 s/f and includes 22-ft. ceiling height, 1200 amp / 3 phase electrical service, one 14-ft. drive-in door, one 14-ft. loading dock and a 5/10 ton crane. Both units are sprinklered and provide grade level access on Saw Mill Rd. The units are available for lease. Prometheus has been developing software and offering research informatics services to clients for over ten years. Prometheus Research provides its customers database services with its focus primarily on biomedical and scientific research. Prometheus Research Informatics is used by world-renowned researchers at major universities around the world providing web-based systems for collaboration, information management, and secure access to scientific data.
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Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
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Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

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New Quonset pier supports small businesses and economic growth - by Steven J. King

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Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any