East Coast Sensors, Inc. and Industrial Electric Sales, Inc. Move to Stratford

April 2008, Stratford, CT--20 Hathaway Drive, LLC. has purchased the property at 20 Hathaway Drive. East Coast Sensors, Inc. and Industrial Electric Sales, Inc. formerly of Fairfield took occupancy of the 8,000 square foot facility in May of 2006. Their Fairfield property was sold to Al Kleban who has demolished the building to make way for a retail establishment. The Stratford building, which had previously been the home to a printing company, sold for $675,000.

The building suited East Coast Sensors, Inc. and Industrial Electric Sales, Inc. need for more space as their businesses continue to grow. The property offers nearly three times the square footage they formerly occupied and is in a good location off exit 30 on I-95. Gary Heid, President of East Coast Sensors, Inc. has found the space perfect for his manufacturing needs. East Coast Sensors, Inc. has seen tremendous growth in the last few years and has been able to streamline their production meeting their customers needs while utilizing all of their new space. Industrial Electric Sales, Inc. has also benefited from the large office areas and increased warehouse space, being able to stock many of the products their customers require.

Scott Zakos, Partner of Vidal Wettenstein, represented Patricia Whiteside Myers who originally built the building for Remlitho Printing thirty years ago. Mark Valentine, Esq. also of Stratford was counsel for the seller and Attorney Frederick Martin of Monroe represented the Buyer in the transaction. Bruce Wettenstein, SIOR represented the purchaser.

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Vidal Wettenstein & Arnold Peck Commercial Co-Broke Sale

April 28th 08 Milford, CT— Scott Zakos, Partner with Vidal/Wettenstein, LLC announced today that 57 Plains Road in Milford has been sold for $1,400,000 or $60 per square foot. The three story office building is 24,000 square feet on approximately .78 acres. The building has housed a variety of office tenants since 1989.
The seller, Tarkhan Associates LLC was represented by Kevin Weirsman, of Arnold Peck's Commercial World in Milford. The purchaser, 57 Plains Road, LLC was represented by Scott Zakos, of Vidal/Wettenstein. Zakos said “Vidal/Wettenstein will be marketing the space for lease available in the building, with roughly about a third of the building with proposals to lease out.” The new owner will be making improvements to the building. The building is conveniently located off exit #36 off I-95 and close to the Merritt Parkway connector as well as Historic Downtown Milford and the train station.

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Zakos of Vidal/Wettenstein, LLC negotiates 10,800 SF Lease
JVK Entertainment invests in Stratford to jumpstart Connecticut’s first BounceU franchise

April 2008, Stratford, CT --Scott Zakos, Partner of Vidal Wettenstein, LLC a local commercial real estate firm announced the opening of Connecticut’s first BounceU Franchise. JVK Entertainment, LLC has signed a 10,800 square foot lease at 305 Hathaway Drive, Stratford CT. John & Wendy Van Kirk (above), of JVK Entertainment, LLC also of Stratford are the owners and operators of the first local site, which is now open. A Grand opening event will be scheduled for early May.
 

BounceU combines indoor play space in warehouse-sized rooms filled with giant inflatable structures and party rooms which can accommodate up to 70 plus people. The theme is private, safe, secure FUN for any celebration!
 

Ted Hoyt of Caselli Commercial represented Hathaway Properties LLC, a group of local investors who are pleased the building is now 100 % occupied. The 30,000 SF building was originally built for Porter and Chester Institute’s expansion. John Knuff of Hurwitz & Sagarin, LLC was counsel for JVK Entertainment and Barry Knott, Esq. of Knott & Knott represented the Hathaway Properties LLC in the ten year lease.

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Vidal/Wettenstein Leases Space in Darien to Brazilian Airline

April 15, 2008, Darien, CT – Scott Zakos, Partner with Vidal/Wettenstein, LLC, announced that Canela Investment LLC has leased 2,086 square feet on second floor  space in the Bank of America Building located at 1120 Boston Post Road in Darien, CT.  David Neeleman Chairman of Jet Blue Airways announced plans for the new Brazilian Airline starting in 2009.  The Darien office will serve as the US headquarters while the company grows eventually to a fleet of 76 planes nationwide.

Robert Lewis also partner of Vidal Wettenstein was  the exclusive agent for the owner, F&F Management.   The building is  a well located, attractive office building directly adjacent to the southbound I-95 exit 11 ramp and walking distance to the Darien train station. Canela Plans to occupy the space in May, the terms of the transaction were not disclosed.

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Vidal Wettenstein and Caselli Realty

Negotiate Stratford Lease

April 2008 Stratford, CT--Scott Zakos, Partner of Vidal Wettenstein represented Floor Covering International in leasing 2,025 SF at 45-55 Old South Avenue, Stratford.  Ted Hoyt of Caselli Commercial Properties represented MAD Realty Associates LLC who owns the 18,000 SF multi tenanted industrial building.  David Baker, President of Floor Covering International recently purchased the Eastern Fairfield County Franchise plans to occupy the space immediately and will sell hardwood and carpeting throughout the County.  Richard Clomiro, Esq. of Fairfield represented the tenant in the lease transaction.  The terms of the transaction were not disclosed.

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Robert Lewis Brokers Westport Avenue Retail Transactions

April 2008, Norwalk, CT— The 50,000 square foot Strawberry Hill Shopping Center, located at 420-444 Westport Avenue, Norwalk, anchored by Staples and Blockbuster, recently sold to an entity affiliated with Westport-based Paragon Realty Group LLC.  Robert Lewis, Partner in the Westport commercial real estate firm Vidal Wettenstein represented Paragon, while Joseph Breault, Sr. of M.F. Discala represented the Sellers, SH Realty. 

Mr. Lewis was the sole broker in the sale of 490 and 508 Westport Avenue, a 55,600 retail property which is tenanted by The Fitness and Tennis Club and Ski Market. This property was also purchased by an affiliate of Paragon Realty Group LLC in the last quarter of 2007. 

Paragon Realty Group LLC is a private real estate investment and development company founded by John A. Nelson, managing principal and Daniel P. Weinreb, principal.  Affiliates of Paragon presently own/manage in excess of 2 million square feet of investment real estate, with its major concentration in the retail sector.

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Zakos of Vidal/Wettenstein, LLC Negotiates Milford Lease

March 11, 2008, Milford, CT—Scott Zakos, Partner of Vidal/Wettenstein, LLC announced that RWH Myers & Company has leased 1,100 square feet at 3 Lafayette Street in downtown Milford.  RWH Myers & Company an accounting firm with headquarters in Chicago is excited to occupy the recently renovated building.  Local architect Ray Oliver recently purchased and renovated the building who also occupies his office in the building.  The building is mixed use office residential building and well located across the street from the Milford Green and train station.  The terms and conditions of the leases were not disclosed.

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Colonial Realty and Vidal/Wettenstein, LLC Co-Broke sale

BRIDGEPORT COMPANY MOVING TO SHELTON

February 08, Shelton, CT--It was announced today that the 6 Waterview Drive facility in Shelton has been sold to Alpha-Core, Inc. The building is 45,000 square feet on 5 acres, and sold for $3,800,000.00. It was once home to Doran Manufacturing which originally relocated from Norwalk in 1998.

Alpha-Core, based in Bridgeport, Connecticut is an industry leader, developing novel products and processes for the electrical industry. Alpha-Core has cultivated close relationships with a wide variety of customers from individuals and small winding job-shops to multi national manufacturing companies, national laboratories, schools and universities. It’s newest development is Poulsen Hybrid®, a system for retrofitting a conventional car as a plug-in hybrid vehicle.

Bruce Wettenstein, SIOR and Partner with Vidal/Wettenstein was the listing broker and Joel Hausman, Vice President of Colonial Realty represented the purchaser. Counsel for the seller was Ed Berlin of White Plains and for the buyer, Paul Sobel of Green & Gross.

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Vidal Wettenstein, LLC represents seller in two transactions totaling $1,080,000

February 2008, Stratford, CT-- Scott Zakos, Partner of Vidal Wettenstein, LLC a local commercial real estate firm, represented Ernest C. Bodnar owner, in the sale of 55 & 85 Rachel Drive, Stratford, in two separate transactions. Nature-Plus Inc. a biotechnology development company currently of Stratford, will relocate from Lordship Blvd., to the 5,060 SF building located on approximately .50 acres. The light industrial building with full HVAC sold for $550,000 or $ 108 PSF. Randy Vidal, SIOR of Vidal Wettenstein represented the purchaser. Richard Clomiro, Esq. of Fairfield was counsel for the purchaser.

Deluca Industrial Supplies, Inc. purchased 85 Rachel Drive a 5,110 SF light industrial building on .50 acres for $530,000 or $104 PSF. Angel Commercial represented the purchaser in the transaction. Seth Cooper, Esq., of Brody, Wilkinson & Ober P.C.’s Southport office was council for the seller in both transactions.