News: Connecticut
Posted: November 17, 2009
Galaxy Dev. purchases Bank of America bldg. for $450,000
Galaxy Development recently purchased a free standing Bank of America building consisting of approximately 2,100 s/f with triple drive thru lanes. The purchase price was $450,000. The property is situated on over 1.5 acres along Rte. 12, only a couple hundred feet away from the major intersection of Rtes. 101 and 12. It is immediately adjacent to Walgreens, currently under construction, Shell and Dunkin' Donuts.
Lease opportunities exist for the building alone, a land lease for the entire parcel, or as a build to suit with up to 16,000 s/f of retail space. The site boasts visibility to I-395 which it borders to the west.
Other tenants in the market include Lowes, Super Stop & Shop, Target, Staples, Petco, Pub 99 and many more national tenants.
Jeff Dinsmore and John McCormick of CB Richard Ellis represented Bank of America in the transfer.
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the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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