Newman and Champagne of Connecticut Commercial completes two sales totaling $391,300

William Newman, Connecticut Commercial Realty & Select Homes

479 Gold Star Highway - Groton, CT

William Champagne, Connecticut Commercial Realty & Select Homes

Groton, CT The New London office of Connecticut Commercial Realty & Select Homes has completed two sales. First, the historic building located at 202 Thames St. in the borough of The City Groton, has transacted for a contract price of $110,000.  It consists of 2,800 s/f situated on a tenth of an acre on the East side of Thames St. The main portion of the building is subject to a lease with the United States Postal Service. There is a small office in the rear of the property, not subject to the USPS lease. The property was sold for the estate of Karl Lehman and was purchased by WWL Properties, LLC.

The building was constructed in 1939 according to specifications supplied by the United States Postal Department, and has been in continuous operation as a post office since that time. The seller, the estate of Karl Lehman, was represented in the sale by brokers William Newman and William Champagne of Connecticut Commercial Realty’s   New London office, and by attorney Mark Block of Norwich. The estate was represented by attorney William Fairfield of Ventura, California.  The  buyer, WWL Properties, LLC was represented by broker Matthew Longino of Longino Real Estate, and attorney Peter Hoops.

A second sale has been recorded for the property located at 479 Gold Star Highway (aka Rte. 184).  The property, which contains a 4,615 s/f masonry building situated on 1.2 acres, was constructed in 1989 as a motor vehicles inspection station. It was acquired and remodeled in 2003 by Grossman’s Seafood Inc.  It transacted for a contract price of $281,300 and was purchased by Lex Limited Enterprises, LLC.  The  seller was represented by Newman and Champagne of Connecticut Commercial Realty’s New London office, and by attorney Block.  The buyer was represented by broker Kevin Reardon, and attorney Garon Camassar of New London.