News: Front Section

Kurfehs of Coldwell Banker Commercial, Scalzo Group, brokers sale and leasing of two Lee Farm properties

Hal Kurfehs, Coldwell Banker Hal Kurfehs, Coldwell Banker

Danbury, CT Hal Kurfehs, vice president of Coldwell Banker Commercial, Scalzo Group, brokered sale and leasing of two Lee Farm properties on Park Ave. A parcel of 6.8 acres of Lee Farm raw land was sold to Dr. Marshall Kurtz for a new one-story 7,000 s/f dental facility, Danbury Oral & Maxillofacial Surgery.  Kurfehs was the listing agent and Craig Froehlich of Hegarty Real Estate represented the buyer.  Located on Park Ave. across from Barden Corporation on Park Avenue, 2.4 acres of the raw land was buildable.  The selling price was $750,000.

According to Kurfehs, Dr. Kurtz has applied for permits to start construction of a 7,000 s/f one-story dental office. The remaining 1.2 acres will be available by Dr. Kurtz to interested parties for compatible uses,” he added.  Kurtz currently leases an office at 85 North St. and owns a second office at 487 Danbury Rd. in New Milford.

Kurfehs also completed a ground lease of 12 acres of Lee Farm, LLC property located on the south side of Park Ave. extending from Barden Corp to the connector at West Wooster St., to Algonquin Gas Transmission.  The lease is from October 5 to December 31, 2017 and totaled $280,000.  Algonquin will use the land as a staging area for the installation of their gas pipeline through the Greater Danbury area.

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.