Morizio and Cafasso of Colliers Dow & Condon broker $18 million sale

Summit Orange LLC purchased 110 Marsh Hill Rd. for $18 million from National Amusements of Mass. Nicholas Morizio, SIOR, CRE and John Cafasso, CCIM of Colliers Dow & Condon represented both parties. Summit, based in Southport, closed on the first of the four locations. The former multiplex location (across from the proposed Stew Leonards) will be redeveloped for a new 350,000 s/f regional service center by The United Illuminating which has, in turn, purchased the location from Summit. Colliers Dow & Condon has three other Showcase Cinemas under contract to Summit Development for retail development.