Bruce Wettenstein, SIOR, was the listing Broker for
the unit and represented the purchaser. Vidal/Wettenstein worked with
the Bridgeport Economic Development department who assisted in the
sale for Valley Medical and Dr. Perez.
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PEAK ANTENNAS MOVING TO
MONROE
August 2009-Monroe, CT
It was announced today that Peak Antennas, LLC has signed a five
year lease for their new headquarters to be located at 200 Main Street
in Monroe. The building is a 28,000 sq/ft multi tenant facility and
Peak Antennas will be occupying 2,012 square foot in unit 3A.
Peak Antennas designs and manufactures unique antennas for microwave
broadcast and communications applications. Bruce Wettenstein, SIOR of
Vidal/Wettenstein was the listing broker and represented Peak
Antennas. The building is owned and managed by Sippin Management.
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VIDAL/WETTENSTEIN, LLC NAMED ONE OF FAIRFIELD COUNTY’S
TOP BROKERAGE FIRMS BY COSTAR GROUP
June 2009-Westport, CT--
Vidal/Wettenstein, LLC is pleased to
announce that Costar Group (NASDAQ:CSGP) has selected
Vidal/Wettenstein, LLC as a Costar Power Brokers Award winner, an
annual award recognizing the “best of the best” in commercial real
estate brokerage by spotlighting the U.S. firms and individual brokers
which closed the highest transaction volume in commercial property
sales and leases for the entire year in 2008.
Vidal/Wettenstein, LC qualified as one of the top brokerage firms in
Fairfield County based on its total sale transactions closed during
the year. In order to be selected for this honor, Vidal/Wettenstein,
LLC was measured against commercial real estate brokerage firms active
in its region by Costar Group, the largest, independent research
organization in commercial real estate, and subsequently ranked among
the top firms in the market.
“Costar Group is very proud to recognize the commercial real estate
brokerage firms and individual brokers who truly excelled and achieved
remarkable sale and leasing success in 2008 despite the difficult
economic circumstances,” said Costar Group President and CEO Andrew C.
Florence. ‘”We congratulate Vidal/Wettenstein, LLC on its impressive
professional accomplishment.”
The complete list of 2008 Costar Power Broker award winners can be
found at http://www.costar.com/PowerBrokers/.
One of Vidal/Wettenstein’s most significant transactions in 2008 was
the sale of 6 Waterview Drive facility in Shelton, the building is
45,000 square feet on 5 acres, and sold for $3,800,000.00.
Among the firm’s other noteworthy transaction in 2008; 50,000 square
foot Strawberry Hill Shopping Center, located at 420-444 Westport
Avenue, Norwalk. 315 Seaview Avenue Bridgeport, the property consists
of 6.7 Acres of land and a 60,000 square foot high bay industrial
building. The value of the sale was $2,600,000. 1599 Post Road East
Westport, 9,554 square feet, sold for $3,500,000.
CoStar Group, Inc. (NASDAQ — CSGP) is the number one provider of
information/ marketing services to commercial real estate
professionals in the United States as well as the United Kingdom.
Costar’s suite of services offers customers access via the Internet to
the most comprehensive database of commercial real estate information
throughout the United States as well as in the United Kingdom and
France. Headquartered in Bethesda, MD, Costar has approximately 1,300
people working for the company worldwide, including the largest
professional research organization in the industry. For more
information, visit www.costar.com.
Vidal/Wettenstein is a commercial real estate services firm
headquartered in Fairfield County, Connecticut. Founded in 1968,
Vidal/Wettenstein has been active in the Fairfield County and New
Haven County markets for over 40 years. Recognized as the standard of
excellence by clients and industry professionals alike,
Vidal/Wettenstein strives to consistently outperform expectations. Our
professionals have engineered some of Fairfield and New Haven counties
most distinguished deals.
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ALLIANCE VIDEO MOVING TO
FAIRFIELD
March 2008, Fairfield CT-- It was
announced today by Bruce Wettenstein, SIOR of Vidal/Wettenstein, that
Alliance Video and Post, Inc., of Stamford is relocating to the White
Birch office building on Black Rock Turnpike in Fairfield. The move
will take place immediately. According to Bruce Colgate, partner and
President of Alliance, “Traffic and construction in Stamford has
become very burdensome, and Fairfield’s small-town vibe with
city-quality amenities is very appealing. While many of our clients
never need to visit our post-production facility, the White Birch
office building presents the right combination of superior location
and easy access, and many of our clients are right in this area.”
Alliance Video and Post, Inc. provides full service television, video
and web production and editorial, as well as DVD authoring and
duplication. Their website is
www.AllianceVideoAndPost.com
Bruce Wettenstein, SIOR, of Vidal/Wettenstein was
the listing broker for the property and has since brought the
commercial property to 100% occupancy. Peter Simpson of The Signature
Group represented the Tenant.
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Westport's
Peppermill Site Available for Sale
The Peppermill Restaurant Site at 1700 Post Road East
in Westport is currently being marketed for Sale by Vidal Wettenstein,
LLC, the 40 year old Westport commercial real estate firm.
The existing two-story building is 8,149 square feet, and sits on 1.48
acres.
Please direct all inquiries to either Robert Lewis ext. 7 of Bruce
Wettenstein ext. 2 at 226-7101.
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Vidal/Wettenstein Announces Two Westport Transactions
February 2009, Westport, CT --
Vidal Wettenstein, LLC the Westport based Commercial Real Estate firm
announced today the sale of 139-141 Main Street, in Westport, CT. This
antique, approximately 4,000 square foot retail building sold for
$4,340,000. Robert Lewis, Partner at Vidal Wettenstein, LLC
represented the Seller, D &J Main Street, LLC, while the Buyer, United
Realty of Connecticut, Inc. was represented by Stephen Westerberg of
First Service Williams. Legal counsel for the Seller was Robert E.
Grant of Westport, and the Buyer was represented by Bruce Cohen of
Fogerty, Cohen, Selby & Nemiroff, LLC in Greenwich.
In another recent transaction, Robert Lewis represented Communico Ltd.
in the leasing of their 2,810 sq. ft. new office space at 19 Ludlow
Road in Westport. The listing broker was Dave Fugitt, SIOR of John D.
Hastings Real Estate in Westport. Communico Ltd. is a long term
Westport based company providing customer service training and
strategies to world-class companies.
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GRAYWOLF SENSING SOLUTIONS MOVING TO INTERNATIONAL PLACE, SHELTON
January 2009,
Shelton, CT --
According to Bruce Wettenstein, SIOR and Partner with
Vidal/Wettenstein, Gray Wolf Sensing Solutions will be relocating its
headquarters to International Place, one of the new buildings owned
and managed by the R. D. Scinto Company. The firm will occupy 4000
square feet of space in the new 6 Research Drive office building in
Shelton. GrayWolf Sensing Solutions, with manufacturing in Ireland
and a service facility in Maine, was formed in 1997. The company
provides advanced sensor and software technology, employing the power
of the mobile computers, for superior portable diagnostic
environmental instrumentation. Primary applications are in the growing
fields of indoor air quality, energy efficiency, HVAC and toxic gas
measurement. Any operator familiar with Microsoft Windows operating
systems now has easy access to greatly enhanced environmental
monitoring capability. GrayWolf's fundamental design directive has
been to make its product technically superior, yet intuitive and
easy-to-use.
The term of the lease is 5 years and Gray Wolf
has an option to renew. Bruce Wettenstein, SIOR represented the
Tenant and Richard Gretsch represented the R. D. Scinto Company.
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Vidal/Wettenstein Brokers Sale - ACME United Sells Bridgeport Property
December 2008, Bridgeport, CT -- Vidal/Wettenstein is pleased
to announce the firm has brokered the sale of the Acme United Property
located at 459 Knowlton Street in Bridgeport, for $2.5 million. The
purchaser was B & E Juice, Inc., presently leasing space in Bridgeport
at the former American Fabrics complex. Situated on more than 4.5
acres of land, the building was once part of a massive industrial
complex that produced millions of scissors and other cutlery products.
The original structures were demolished and what remains is a 38,000
square foot modern warehouse which will be used by B & E Juice. The
company is a distributor of beverages including such national brands
as Snapple and Orangina. Bruce Wettenstein, SIOR and partner with
Vidal/Wettenstein brokered the sale for both parties. Legal counsel
for Acme United was Barbara Miller and Jim Rice of Brody Wilkinson of
Southport, and for the purchaser, Kelly Molloy of Robinson & Cole,
Stamford.
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789 Reservoir Avenue
listed for sale
December 2008, Bridgeport, CT -- It was
announced today that the commercial real estate firm Vidal/Wettenstein
has listed the office building at 789 Reservoir Avenue in Bridgeport
for sale. The property is presently occupied by Casey Family Services
which has a lease. Casey Family has been the sole tenant in the
building for over 7 years and recently renewed for another period of
time. The property is a 21,400 sq/ft multi story office facility that
is in excellent condition. For additional information, inquiries are
to be directed to Bruce Wettenstein, SIOR, listing Broker for
Vidal/Wettenstein.
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Bank of America Building located at 1120 Post Road in Darien is fully
leased
September 2008, Darien, CT -- Robert
Lewis, Partner with Vidal Wettenstein announces the leasing of the
only remaining office space at the Bank of America Building located at
1120 Post Road in Darien.
Lewis was the sole broker in this transaction
with Five Mile River Group, LLC, a consulting company, taking the 1700
sq. ft. of space on the first floor for a five year term. Earlier, as
exclusive representative for the building owner, Lewis leased the
entire 15,000 +/- sq. ft second to four tenants.
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Vidal Wettenstein, LLC announces sale of 9 Burr Road, Westport,
Connecticut
September 2008, Westport, CT --
Vidal Wettenstein, the Westport based Commercial Real Estate firm
announced today the sale of 9 Burr Road, aka 111 Post Road West, in
Westport, CT. This historic tastefully renovated three story 5,576
square foot office building sold for $1,475,000. The seller Hugh L.
Levin, LLC was represented by Bruce Wettenstein, SIOR and Robert Lewis
of Vidal Wettenstein, LLC, while the Buyer Equinox Property Partners1,
LLC was represented by Penny Wickey, Principal of Saugatuck Commercial
Real Estate. Counsel for the seller was Mark Kirsch, of Cohen & Wolf
and Scott Gerard of Randel and Gerard represented the purchaser. The
building was formerly the home to Levin Publishing, Inc.
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Gault Companies of Westport purchases 315 Seaview Avenue Bridgeport CT
August 2008, Bridgeport, CT -- Vidal Wettenstein is pleased to
announce the sale of 315 Seaview Avenue Bridgeport to the Gault
Companies of Westport. The property consists of 6.7 Acres of land and
a 60,000 square foot high bay industrial building. Formerly known as
the Cilco Terminal and thereafter as part of the Coastline Terminal
operations. The value of the sale was $2,600,000.
The remaining Coastline Terminal property is at 535 Seaview Avenue and
has 80,000 square feet of high bay refrigerated distribution and
warehouse buildings with 1,000 feet of deep water dockage resting on
20 acres of and is currently being courted by several interested
parties from throughout the region.
Gault is a family owned full service heating oil business in Fairfield
County. Also, a supplier of mason and landscape products. The history
of the Gault family goes back to 1850 when Robert Gault came to
America from Northern Ireland, worked in Norwalk before heading west
to work on the Erie Canal. The summer of 1863 saw the start of Gault’s
business. The principle services were freight hauling, plowing, hay
cutting and grain threshing for the farms in the area.
Scott Zakos, Randy Vidal, SIOR and Bruce Wettenstein, SIOR of
Vidal/Wettenstein represented Coastline Terminals. Peter Lane acted as
agent for the Gault Companies.
Vidal/Wettenstein is a nationally recognized, full service commercial
real estate company specializing in industrial and office sales,
leasing and buyer/tenant representation, located in Westport, CT.
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Vidal/Wettenstein and Beaudry Commercial co- broke sale
July 2008, Stratford, CT--Randy Vidal, SIOR of
Vidal/Wettenstein recently completed an exchange on behalf of ESCO. A
worldwide supplier to the funeral industry. ESCOs former location at
1370 Honeyspot Road Extension in Stratford was acquired by Millers
Hallmark Stores of Connecticut. Relocating from Stamford to establish
a 20,000 square foot distribution facility central to their store
locations. Miller was represented by Mark Beaudry, SIOR of Beaudry
Commercial in Stamford.
ESCO acquired their replacement property. A 19,540 square foot
manufacturing building located at 5 Colton Lane East Lyme. Formerly
used to manufacture a line of Hunter sailboats.
The owner was represented by Josh Parsons of Northeast Property Group
in New London.
The value of the exchange was $1,500,000
In a separate transaction ESCO disposed of their Canadian
manufacturing building in Toronto.
Vidal represented ESCO in their quest to centralize their
manufacturing in Connecticut and establish distribution locations,
expanding their presence in the international marketplace.
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Vidal Wettenstein LLC and Cushman & Wakefield, Inc.
negotiate lease
Winklevoss Technologies, LLC leases 5,038 square feet Milford Crown Campus
June 24, 2008 Milford, CT- Scott Zakos,
Partner with Vidal/Wettenstein, LLC, announced the leasing of 5,038
square feet of space in the Crown Corporate Campus located at 476
Wheelers Farm Road in Milford, CT. Winklevoss Technologies, LLC with
headquarters in Greenwich, CT will expand its satellite office to
Milford. Jim Spaide, Partner of the software technology firm is
pleased with the close proximity to I-95 and the Merritt Parkway and
the many amenities located on the campus.
Crown Corporate Campus is a five building,
425,000 +/- square foot, Class A office park situated on 47 acres.
Kevin Foley, SIOR and Torey Walsh of Cushman & Wakefield, represented
the landlord, Crown Milford LLC. The lease terms and conditions were
not disclosed. Zakos of Vidal Wettenstein represented the tenant who
plans to take occupancy in the early fall.
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Zakos of Vidal
Wettenstein negotiates industrial sale Milford,
CT
June 5, 2008, Milford, CT--
Milford
Fabricating Company Inc. has purchased the property at 620 West
Avenue. Currently located in Milford the manufacturer is in the
process of expanding the current operation with the addition of the
7,300 square foot facility located on .74 acres, sold for $662,500. .
The Milford building, which had previously been the home to a
packaging company, has relocated to Pepe Farms Road, Milford. The
building suited Milford Fabricating Companys need for more space as
their businesses continue to grow and is in a good location off exit
36 on I-95.
Scott Zakos, Partner of Vidal Wettenstein, Westport, CT, represented
Robert Shee, who originally built the building for his business nearly
thirty years ago. Michael Burt, Esq. of New Haven was counsel for the
seller and Attorney Howard Eckonrode of Milford represented the Buyer
in the transaction. Arnold Peck of Arnold Pecks Commercial World
represented the purchaser in the transaction.
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Vidal/Wettenstein announces downtown Milford medical/office building now
100% occupied
May 29th
2008, Milford, CT--Scott Zakos, Partner of Vidal/Wettenstein, LLC was
the exclusive listing broker for 2080 Bridgeport Avenue, Milford. Zakos
said the building in now 100% leased, with the addition of two new
tenants. The newest tenants are MTM Industries, LLC and Advanced
Interventional Pain Management. The building is a total of 6,930 square
feet on .40 acres, located in the center of Milford convenient to the
train station, court house, I-95 and the Merritt Parkway. The building
owner, is pleased the building is full with the amount of office vacancy
in the area. The terms of the lease transactions were not disclosed.
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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 square foot lease
JVK Entertainment invests in Stratford to jumpstart Connecticuts first BounceU franchise
April 2008,
Stratford, CT
--Scott Zakos, Partner of Vidal Wettenstein, LLC a local commercial
real estate firm announced the opening of Connecticuts 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 Institutes 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
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.
