News: Front Section

The Proto Group LLC completes eight new deals in Connecticut

Hartford, CT The Proto Group LLC has completed the following deals:

• Comic’s & Collectable LLC has leased 2,552 s/f at 50 Main St., Suite A, in East Hartford from Chatham Properties LLC. The tenant has owned similar businesses in Florida – sales of comics and collectables, video games and related merchandise – and looked for space closer to it’s local residence. The tenant was represented by Rocco Gondek of Berkshire Hathaway Commercial Group. The landlord was represented by The Proto Group. 

• B & H Realty has sold 1529 and 1531 Dixwell Ave. in Hamden, which consisted of two retail stores on .20 acre, to 1529 Dixwell Ave., LLC for $120,000. The Proto Group was the sole broker. 

• 857 North Main St. Extension LLC has leased 2,775 s/f to CT Kitchen and Bath. The 5 year lease has a value of $147,000 and The Proto Group was the sole broker. 

• Zenomes LLC has signed a five year lease for the 1,652 s/f former Peachwave space at Shoprite Plaza, 49 Pershing Dr. in Derby, to open a Great Clips Salon. The landlord, Grade A Market Inc. was represented by Jeff Kintzer of Royal Properties. The Proto Group represented the tenant. 

• Monarch Properties has leased 3,026 s/f of medical space to International Vein Clinics of Stratford. The 5 year lease has a value of $188,900. The Proto Group represented the tenant and Tom Cavaliere of Coldwell Banker Orange represented the landlord. 

• Arnold Peck or his assignees purchased 32.58 acres of raw land surrounded by Foxon Hill Rd., Thompson St. and Charnes Dr. in East Haven. The seller, Foxon Hill Associates was represented by The Proto Group who was the sole broker involved in the transaction. The seller was represented by Bob Blythe of Zangari Cohn and the buyer was represented by Dara Friedman of Harlow, Adams and Freidman.

• Green Olive Properties has purchased the Advanced Auto Parts on 1717 Dixwell Ave. in Hamden. The 8,364 s/f free-standing building was constructed in 2016. The property is owned and developed by Centerplan 1717 Dixwell. The buyer was represented by The Proto Group. The sales price was $2.475 million. 

• Solutions Center LLC has signed a five-year lease at 161 Boston Ave., in Bridgeport, to operate a Sprint Store. The Proto Group represents Solutions Center. Sal DiNardo of Bayview Associates is the landlord. 

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

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,