New Haven Middlesex Association of Realtors Commercial Investment Division name Deals of the Year

North Haven, CT – The New Haven Middlesex Association of Realtors Commercial Investment Division (CID) named the CID 2016 Deals of the Year at the group’s annual dinner and awards ceremony held on December 13 at the New Haven County Club. CID recognized industrial and commercial real estate transactions topping $220 million in the Greater New Haven market during 2016.

The event was sponsored by the Connecticut Economic Resource Council (CERC), Michaud Company Appraisers, Schaefer Inspection Company, Red Thread, Wells Fargo and Tanks Be Gone.

Shown are 2017 CID chair Ken Ginsberg and 2016 CID chair Vance Taylor

Awards were given in the following categories:

•Business Sale: Vance Taylor, of Commercial Real Estate Group brokered the $260,000 sale of a specialty fireproofing contracting company located at 17 Canal St. in Terryville. Taylor represented the owner of the business in the sale.

• Industrial Sale: John Bergin of H. Pearce brokered the sale of 430 Sniffens Ln. in Stratford, a 35,488 s/f building on 2.1 acres for $1.95 million.

• Industrial Lease: Stephen Press of Press|Cuozzo Realtors brokered the sale of 335 Putnam Ave. in Hamden, a 45,788 s/f property on 3.47 acres for $1.15 million.

• Land Lease: Lou Proto of The Proto Group arranges a 1.86 acres ground lease to Centerplan Development at 893 North Colony Rd. in Wallingford, valued at $2.9 million.

• Land Sale: Stephen Press of Press|Cuozzo Realtors completed the sale of 2300 Whitney Ave. in Hamden for $1.8 million.

• Mixed Use Sale: Eileen Russell & John Bergin of H. Pearce brokerd the sale of 300 Soundview Ave. in Fairfield, for $755,500.

•Most New Transactions: Bill Clark of The Geenty Group with 39 new transactions.

• Office Lease: Robert Motley & Evan O’Brien of Cushman and Wakefield leased 42,136 s/f at 108 Leigus Rd. in Wallingford.

• Office Sale: Frank Hird and Rich Lee of O, R&L Commercial sold 1-3 Long Wharf Dr. in New Haven for $73 million.

• Retail Sale: Ken Ginsberg of Real Living Wareck D’Ostilio Commercial and Robert Cole of Arnold Peck sold 45, 59, & 81 North Main St. in Bristol, for $4.725 million.

• Retail Lease: Lou Proto, The Proto Group leased 37,170 s/f at 55 Village Green in Litchfield

Winners of the CID 2016 Deals of the Year awards

•Build to Suit: Frank Hird of O,R&L and Robert Motley of Cushman & Wakefield handle 10,000 s/f medical office build to suit at 800 Boston Post Rd. in Guilford

• Multi-Parcel Assemblage Sale: Fred Messore of Colonial Properties, Inc. sold 1142 Chapel St. in New Haven, a 8,228 s/f commercial building combined with other parcels on .12 acres for $2.3 million.

• Community Service Award: Carl Russell of H. Pearce Real Estate.  Russell has been a senior instructor for the National Association of Realtors’ Commercial Investment Real Estate Institute CCIM (Certified Commercial Investment Member) program since 1980. They named him the “Instructor of the Year” in 1996 and he received the prestigious Victor Lyon Award in 1997 for his contributions to the CCIM program. In addition to teaching for CIREI, he is an assistant adjunct professor of real estate at New York University. Russell is a past president of the CT Chapter of the Society of Industrial and Office Realtors (SIOR), the CT CCIM Chapter, Connecticut CID chapter, and New Haven Middlesex Association of Realtors, and has been named “Realtor of the Year” by both the Greater New Haven Board of Realtors and Connecticut Association of Realtors. He is an active member of the Rotary Club of Orange and was president for 2013-2014. He founded the “Rotary Club of Orange Thanksgiving Day 5K Road Race”, which in its 4 years has raised over $40,000 for Rotary and their great causes. He is also president of the Real Estate Educational Foundation since 2011. The Real Estate Educational Foundation is the charitable affiliate of the New Haven Middlesex Association of REALTORS® and its purpose is to instruct the public about topics related to real estate, grant college scholarships to students in the Greater New Haven area, and attract highly qualified people with graduate degrees to work for non-profit service organizations in the New Haven area. To date, more than $500,000 in college scholarships and graduate tuition loan reimbursement awards have been granted to college students, health care providers, social workers, attorneys, administrators, nurses, and others.

“CID, comprised of over 135 commercial real estate agents doing business in the Greater New Haven area, recognized brokers who have distinguished themselves in a variety of notable real estate transactions,” said CID chairman Vance Taylor. “The $220 million in transactions completed by our brokers represent only the top tier of the countless deals done by our members in 2016 and are, in effect, the tip of the iceberg. For those who think the New Haven economy is showing signs of weakness, we’ve got the numbers to show quite the contrary!”