News: Connecticut
Posted: January 18, 2019
Colonial Properties earns three 2018 Deal of The Year Awards
New Haven, CT According to Michael Richetelli, president and designated broker of Colonial Properties, Inc, the company accepted three 2018 Deal of The Year Awards from the New Haven Middlesex Board of Realtors Commercial Investment Division (CID).
Richetelli and Fred Messore, senior vice president, received the Highest Retail Sale Award for the sale of 190 Boston Post Rd. in Orange. The property consists of a 28,760 s/f commercial building on 5.57 acres and sold for $3.15 million.
Messore received the Highest Multi-Family Sale Award for the sale of 125 Coleman St. in West Haven. The property consists of two fully leased apartment buildings, one 18-unit and another 12-unit (30 units in total), on 1.84 acres and sold for $3.6 million.
Kevin Weirsman, vice president, received the Highest Business with Property Award for the sale of 852 Dixwell Ave. in Hamden. The 5,600 s/f commercial building was solely occupied by an operating Laundromat business, and sold for $425,000.
“I’m very proud of our team for taking home three CID Deal of the Year Awards for the 2nd year in a row. In a very challenging economic climate, Colonial Properties continues to get results for our clients,” said Richetelli.
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