Orange-based Colonial Properties recently completely three leases totaling 21,000 square feet.
Tony Vitti represented the landlord, MNBD LLC, in the leasing of 3,000 square feet of warehouse space and 1,000 square feet of office space located at 252 Depot Rd., Unit C in Milford for a 10-year term. The tenant, Revolution LLC, was represented by Teo Rotaru with Real Estate Advisory and will operate a basketball training center. The landlord’s attorney was Brian Lema with Berchem and Moses in Milford; the attorney for the tenant was Michael Trella with Greene Law, P.C. in Farmington.
Michael Richetelli, president and designated broker of Colonial, represented the landlord, General Asset Company LLC, in the leasing of 3,000 square feet of first-floor retail space located at 968 Chapel St. in New Haven, also for a 10-year term. The tenant, Anesthesia Smoke and Convenience, will operate a convenience store/smoke shop at the location.
Gary Bellard represented the yenant, Vanguard Medical LLC, in the leasing of 14,176 square feet of office/flex space at 1 Parrott Dr. in Shelton for a 10-year term. Vanguard Medical provides orthopedic post-operative rehabilitation and recovery treatment devices and therapies and will relocate to Shelton from their facility in Derby. The landlord, Shelton Parrott Associates, was represented by Jack McDermott with Newmark.
“Leasing activity has certainly increased in the Connecticut market over the last several months. We are seeing high interest across serval commercial real estate categories, including industrial, retail and flex space. There are new businesses looking to open as well as relocations and expansions, a healthy sign for the economy,” said Richetelli.