Vidal/Wettenstein Negotiates
$1,950,000 Sale
FAIRFIELD ICONIC PROPERTY
SELLS
January 2012, Fairfield, CT --Bruce Wettenstein, SIOR and
partner with Vidal/Wettenstein announced that the property at 1657
Post Road in Fairfield has been sold. The purchaser, Allonge’ Holding,
LLC, will utilize the 6800 s.f. building as a leased property and new
home to Flash Pointe Dance and Glitter & Grime. FPD and G&G are very
excited to be able to offer this beautiful facility with 5 state of
the art studios and 1000 feet of retail space to their clients
starting late the summer of 2012. The seller, 1657 Post Road LLC, had
owned the property for the past 85 years. Originally the building was
a one story facility that housed Bonney Electric. Throughout the
years, numerous retail business’ had been in the building. In 1993 the
building had been the home to the Greenwich Workshop, and continues to
be an Art Gallery today, housing the Russell Jinishian Gallery.
Bruce Wettenstein was the listing broker and represented the
purchaser. Counsel for the buyer was Jack Lipson of Westport and
counsel for the seller was Peter Ambrose of Fairfield.
>
return
to top
BLUEPRINT FINANCIAL LLC LEASES SPACE at OLD HILL OFFICES
January 2012, Westport, CT --David Fugitt,
SIOR, Partner with Vidal/Wettenstein Commercial Real Estate together
with David Flayhan, Principal of The Southport Group have leased 1,500
square feet of office space to Blueprint Financial LLC. The firm’s new
location is at Old Hill Offices, 19 Ludlow Road in Westport. Fugitt
represented the tenant in the transaction.
>
return
to top
Vidal/Wettenstein Negotiates Lease
AMERIPRISE OFFICE TO RELOCATE
January, 2012, Southport, CT -- It was
announced today that Feinstein, Forma & Associates, a financial
advisory branch of Ameriprise Financial Services Inc., has executed a
lease for new office space in Southport. The practice and their staff
will be relocating to 2507 Post Road in Southport. The 1,414 square
foot unit will be completely retro-fitted to an Ameriprise branded
office space.
According to Noel Forma and Michael Feinstein,
they are excited about the relocation and the opportunity to further
serve their clients. The property is owned and managed by Investment
Capital Partners, Inc. Bruce Wettenstein, SIOR & partner with
Vidal/Wettenstein, represented the tenant and negotiated the
transaction.
>
return
to top
Vidal/Wettenstein Brokers Lease
WESTPORT LAW FIRM TO RELOCATE
January 2012, Westport, CT --David Fugitt,
SIOR and Bruce Wettenstein, SIOR, & partners with Vidal/Wettenstein
Commercial Real Estate brokerage based in Westport, CT announced today
the recent leasing of new offices to the law firm of Begos, Horgan &
Brown. The firm has been in Westport for 10 years and will be
relocating to Southport. The 2425 Post Road building is a
professional multi tenant office building which is also home to the
owner of the property. Vidal/Wettenstein represented Begos, Horgan &
Brown, and negotiated the lease on behalf of the owners, Tide Mill,
LLC.
The firm's Connecticut partners are Patrick
Begos, Christopher Brown and Daniel Green. The firm's practice areas
include foreclosure defense, employment law, divorce, disability
insurance defense, and real estate matters. Vidal/Wettenstein
specializes in the commercial real estate market and has membership in
the Society of industrial and Office Realtors organization.
>
return
to top
VIDAL/WETTENSTEIN BROKERS SALE
W E BASSETT PROPERTY SOLD
December 2011, Derby, CT--It was recently
announced that the commercial real estate firm, Vidal/Wettenstein, LLC
of Westport Connecticut has brokered the sale of the former W E
Bassett production facility in Derby. The property is located at 257
Roosevelt Drive in Derby, and consists of approximately 40,000 sq/ft
on 1.85 acres. The purchaser, A Quick-Pick Crane Service of Shelton,
was the purchaser. According to George Schrade, President of A Quick,
“The building will be used for warehousing of goods and customer
equipment.”
The W.E Bassett Company was started in 1939 by
William E. Bassett in Derby. The plant was built in 1951 to
accommodate the production of the Trim nail clipper that Bill designed
in 1948. Over the years the building experienced 5 expansions. In
1978, the company built a new plant in Shelton and consolidated from
the Derby facility. Derby continued to manufacture nail clippers,
toenail clippers, tweezers, stainless files, pocket tools and emery
boards. In 2000, the building became a warehouse when the
manufacturing was relocated to Korea.
Bruce Wettenstein, SIOR of Vidal/Wettenstein was
the listing broker and represented the purchaser. Counsel for the
seller was Susan Hayes of Updike Kelly. Counsel for the purchaser was
Tom Welsh of Welch & Teodosio.
>
return
to top
Vidal/Wettenstein negotiates
lease
BUNGE GLOBAL MARKETS, INC. LEASES FAIRFIELD OFFICE SPACE
November, 2011, Fairfield, CT--It was
announced that Bunge Global Markets Inc., an indirect wholly owned
subsidiary of Bunge Ltd, has leased 1,500 square feet office space in
Fairfield, Connecticut. Bunge Global Markets Inc., has offices in
Town but will be relocating to 46 Miller Street to accommodate
additional growth. Bunge Limited (www.bunge.com,
NYSE: BG) is a leading global agribusiness and food company with
approximately 32,000 employees in more than 30 countries. Bunge buys,
sells stores and transports oilseeds and grains to serve customers
worldwide. Founded in 1818, the company is headquartered in White
Plains, New York.
Bruce Wettenstein, SIOR represented the tenant,
and Frank Dinardo of Watch Hill Properties represented the building
owner.
>
return
to top
TMG Energy
Systems Leases Space in Rye, NY
October, 2011, Rye, NY--Robert Lewis, Partner at Vidal Wettenstein, LLC,
represented TMG Energy Systems in the leasing of their new corporate
headquarters at the International Corporate Center, 555 Theodore Fremd
Avenue, Rye, NY. TMG saves clients' money and reduces their
carbon footprint by implementing sustainable and green energy
solutions in system design and integration. Specializing in
construction management, on-site and turnkey projects, TMG combines
the knowledge and experience required to implement energy solutions on
time and on budget. Client focused, TMG provides exceptional service
tailored to meet public and private sector customer needs.
TMG implements integrated, sustainable energy solutions in commercial,
residential, industrial, and healthcare buildings with four options:
Owners Representation, Construction Management, Facility Based
Utility, and Turnkey projects.
The International Corporate
Center is a 170,000 sq. ft. state of the art class A office property,
and TMG has leased approximately 3,800 sq. ft. on the second floor for a
five and a half year term.
>
return
to top
Vidal/Wettenstein negotiates
sale of property for $1,550,000
SHELTON
BUILDING SELLS TO BIOTECH COMPANY
September, 2011, Shelton, CT--It was
announced today that Inno-Haven, LLC, of Woodbridge, CT, has purchased
the property at 1 Controls Drive in Shelton, Connecticut. Inno-Haven
is a special purpose company formed for the acquisition and renovation
of this facility. The building will be renovated for use by
NanoViricides, Inc., a world leader antiviral nanomedicine company
currently located in West Haven, CT. The 18,000 square foot building
was originally constructed by Anton Bauer in 1982. In 1998, OEM
Controls purchased the property for their company expansion and during
their re-configuration of their business, consolidated into their
existing building in Shelton. The building had recently been occupied
by a commercial printing and copying center.
NanoViricides, Inc. (stock symbol: NNVC) is developing antiviral
nanomachines that are designed to course through the bloodstream, go
into the fluid-filled spaces in the body, then find, grab and destroy
offending virus particles. The "address" specifying which virus
particles to attack is programmed into the nanomachine. The company
calls such an address-directed nanomachine a "nanoviricide".
NanoViricides, Inc. is a development stage company. The Company's
novel nanoviricide class of drug candidates are designed to
specifically attack enveloped virus particles and to dismantle them.
The Company is developing drugs against a number of viral diseases
including H5N1 bird flu, seasonal influenza, HIV, Epidemic Kerato-Conjunctivitis
(EKC), hepatitis C, rabies, dengue fever, and Ebola virus, among
others. The Company will be leasing the renovated laboratory and
FDA-compliant manufacturing space from Inno-Haven, LLC.
Bruce Wettenstein, SIOR & Partner with
Vidal/Wettenstein negotiated the sale of the property.
>
return
to top
CT Challenge leases 250 Pequot Ave in the heart of Southport Village
August, 2011, Southport, CT, --An 8,000 square foot Center
for Survivorship is opening in the autumn of 2011 and will be the
centerpiece for the ongoing mission of the CT Challenge, to empower
cancer survivors to live longer, happier, healthier lives by creating
and funding unique programs, offering credible resources, and building
a community of support.
Jeff Keith co-founder, is the inspiration for the Connecticut
Challenge as well as the new Center for Survivorship. Jeff is a 35
year cancer survivor;
The ten year lease was negotiated by Randy Vidal, SIOR of Vidal
Wettenstein LLC representing the Owner's and Paul Tortora of Jones
Lang LaSalle representing CT Challenge.
Legal council for the principals were David Quatrella and Raymond
Rizio of Quatrella & Rizio, LLC.
>
return
to top
Vidal
Wettenstein LLC
Sells 349 Greenwich Avenue
June, 2011, Greenwich, CT, --Vidal/Wettenstein, LLC is pleased to announce the Sale of this unique
property located in one of the nation's premier shopping districts.
The building currently with retail space on the grade level, is well
situated amidst a collection of the most upscale national and regional
tenants, including Tiffany & Co., Saks Fifth Avenue, Ralph Lauren, and
many others. The Estate of Michael Morena was represented by Attorney
Joseph Auger and the buyer Jung Soon Chung was represented by Attorney
Steven Russo. Randy Vidal, SIOR and Robert Lewis of Vidal Wettenstein
acted as Brokers for the $2,100,000 transaction.
>
return
to top
Vidal/Wettenstein negotiates 8,800 square foot lease
EcoLogic Energy
Solutions Leases New Space
June, 2011, Bridgeport, CT, -- It was announced today that
EcoLogic Energy Solutions has relocated their distribution center to
1945 Commerce Drive, Bridgeport. The company will maintain their
existing offices at Bridge Square in Westport, and use the Commerce
Drive facility for warehousing and distribution of their product line
of insulating material. Ecologic Energy Solutions is an environmental
green company that offers spray foam insulation for residential and
commercial, existing and new construction in Connecticut and New York.
The building is 8,800 square feet on the main level with a mezzanine
portion on the south side of the facility. The lease is a long term
venture between Ecologic and Brentwood Extension, LLC, owner of the
property. Bruce Wettenstein, SIOR and Partner with Vidal/Wettenstein,
represented the tenant and was the listing broker. Sam Rost of Green &
Gross was counsel for the property owner.
>
return
to top
Vidal/Wettenstein
Lists Property for Lease
TRUMBULL WAREHOUSE AVAILABLE FOR LEASE
May, 2011, Trumbull, CT --
Vidal/Wettenstein, LLC, a commercial real estate company based in
Westport, is pleased to announce that the firm has been chosen to
market for lease, the industrial and office building located at 7120
Main Street in Trumbull. The building size is 115,000 square feet and
had been originally built as the warehouse for the D. M. Read's
Company. More recently it has been used by United Healthcare for the
companies' offices, warehouse and shipping facility for the firms
marketing material.
The building has interior loading docks, 20'
clear height, substantial offices that are ideal for a call center,
and numerous other amenities. Due to the amount of acreage, the
building can also be expanded. Bruce Wettenstein, SIOR and Partner
with Vidal/Wettenstein will be responsible for the marketing and
leasing of the property. Availability of the building is scheduled
for the 4th quarter of 2011. Mr. Wettenstein can be
reached at 203-226-7101 #2
>
return
to top
Inside NGO to
Relocate Offices in Westport
May, 2011, Westport, CT --It
was announced today that InsideNGO, presently at 19 South Compo Road
in Westport, has signed a five year lease and will be relocating to
their new location at 1221 Post Road East also in Westport. The
company will occupy 2,230 square feet of space. The property is
managed by Investment Capital Partners, Ltd. The building will
undergo a significant renovation both inside and out. InsideNGO will
occupy the space sometime during the end of the 2nd quarter
of 2011.
InsideNGO
is a nonprofit membership organization of over 260 international
development and relief NGOs that supports operational excellence and
operational capacity-building for the international NGO community.
Both the property owner and
the tenant were represented by Bruce Wettenstein, SIOR of
Vidal/Wettenstein, LLC. Terms of the lease were not disclosed.
>
return
to top
Matthews Commercial & Vidal/Wettenstein Broker 34,000 SF Lease
April 2011, Waterbury
CT -- It was announced today by Bruce Wettenstein, SIOR of
Vidal/Wettenstein, and Ed Godin Jr. SIOR of Matthews Commercial
Properties, that Forum Plastics has recently signed a long term lease
for space at 105 Progress Lane in Waterbury. The company will occupy
34,000 square feet of the 200,000 square foot facility which is
located off Interstate 84.
Forum Plastics Inc.,
will be utilizing the facility for their manufacturing operation
presently located in Stamford. They provide high quality plastic
molded parts and assemblies to a wide variety of industries. Timing
for the relocation is scheduled for late June. Forum Plastics was
represented by Bruce Wettenstein SIOR of Vidal/Wettenstein, LLC in
Westport. Cornerstone Realty, owner of the building was represented
by Ed Godin, SIOR of Matthews Commercial.
>
return
to top
Former Key Lincoln
Mercury Property Sells
April 2011, Bridgeport, CT -- It was
announced today by Bruce Wettenstein, SIOR & Partner with
Vidal/Wettenstein, that the former Key Lincoln Mercury Dealership
property located at 425 North Avenue in Bridgeport, has been sold to
DeMattia Companies. The property is 23,000 square feet of retail
showroom, warehouse and automotive repair area, situated on
approximately 1.5 acres. The building will be partially used as a
warehouse location for one of the DeMattia business' leaving
approximately 7500-10,000 of vacant available space.
Vidal/Wettenstein had also represented the Merriam Family in the sale
of two land parcels adjacent to the property. Terms of the sale were
not disclosed.
Vidal/Wettenstein, LLC was the listing real
estate firm and represented the seller. Arnold Peck represented
DeMattia Companies. Legal counsel for the seller was Steven Berman,
Partner with Rogin, Nassau, LLC of Hartford. Counsel for the
purchaser was Ray Rizio, Partner with Quatrella & Rizio, Fairfield.
>
return
to top
Dirty Laundry, LLC Leases Space at Testo's Diamond Plaza
Sirran Communications Relocates to 120 Post Road West, Westport
March 2011, Westport, CT--Robert Lewis,
Partner at Vidal Wettenstein, LLC is pleased to announce the following
lease transactions:
Dirty Laundry, LLC has leased 2,112 sq. ft. of
retail space at Testo's Diamond Plaza, located at 267 Main Avenue in
Norwalk, CT. The Tenant has signed an initial ten year lease term
with several renewal options, and will be opening a state of the art
Laundromat facility at the site, scheduled to open this Spring.
Robert Lewis and Randy Vidal, SIOR, both of Vidal Wettenstein, were
the sole brokers in the transaction.
Sirran Communications, Inc. has leased 2,680+/-
sq. ft. of office space at Old Hill Offices, located at 120 Post Road
West in Westport, CT. The Tenant is relocating from another Westport
location in order to expand their operations. Robert Lewis
represented Sirran Communications, while David Fugitt, SIOR, also
partner at Vidal Wettenstein, represented the Landlord, Old Hill
Offices, LLC in this transaction.
>
return
to top
Caselli Commercial Properties & Vidal/Wettenstein Co-Broke lease
AUTO GLASS OF NEW ENGLAND TO RELOCATE
March, 2011, Stratford, CT --
It was announced today that Auto Glass of New England located in
Stratford, has signed a lease to relocate to a new location at 55
Lupes Drive in Stratford. The company will occupy 5,500 square feet of
space for their franchise business. Auto Glass of New England is a
family owned business with certified technicians who are experts in
repairing windshields and replacing auto glass. The company has over
20 years experience and accept all auto insurance coverage. Auto Glass
of New England is on call 24/7 and provides service to the entire
Connecticut region.
The property owner, Mad Realty Associates was represented by Ted Hoyt
of Caselli Commercial Properties. Auto Glass was represented by Bruce
Wettenstein, SIOR of Vidal/Wettenstein, LLC. Terms of the lease were
not disclosed.
>
return
to top
Vidal/Wettenstein LLC & Baldwin Pearson Company negotiate lease
NORWALK MARINE CONTRACTORS RELOCATES TO STRATFORD
January 2011, Stratford, CT--It was announced today that
Norwalk Marine Contractors (NMC), presently located on Harbor Avenue
in Norwalk, will be relocating to a new location on Access Road in
Stratford. The move will take place during the first quarter of 2011.
The business has been a long term occupant in the City of Norwalk
dating back to 1975. NMC is owned by Skip Gardella whose family name
is synonymous with the marine industry. Olson Steel which incorporated
in 1944, has been at the Access Road site in Stratford since 1969.
Olson Steel will continue to occupy a portion of the shop space and
office area. The lease with NMC is a long term commitment with an
option to purchase the property by Norwalk Marine Contractors.
The terms and conditions of the transaction were negotiated by George
Shawah Jr., of Baldwin Pearson Company and Bruce Wettenstein, SIOR of
Vidal/Wettenstein, LLC. Both Vidal/Wettenstein and Baldwin Pearson
have members of the Society of Industrial and Office Realtors (SIOR).
Counsel for Olson Steel was Donal Collimore of Fairfield and for the
tenant, John Bove of Norwalk.
>
return
to top
Veterinary Oncology and Hematology Center Relocates in Norwalk, CT
January 2011, Norwalk, CT --Randy
Vidal, SIOR of Vidal Wettenstein, LLC has announced the successful
leasing of 7,950 sq. ft. of space at129 Glover Avenue in Norwalk, CT
to The Veterinary Oncology and Hematology Center (VOHC).
VOHC is a specialized veterinary practice
dedicated to the diagnosis and treatment of cancer in animals. Their
staff includes nationally recognized oncologists, led by Dr. Gerald
Post, DACVIM (Oncology). VOHC will be relocating from their
current site in Norwalk once they have completed construction of their
new state of the art facility later this year.
Randy Vidal, SIOR, along with Robert Lewis,
Partner at Vidal Wettenstein, LLC negotiated the 15 year lease. The
Veterinary Oncology and Hematology Center is the only practice
offering this scope of services in the entire state of Connecticut.
>
return
to top
Monroe Property Sells
January 2011, Monroe, CT -- It was
announced today that JPC Enterprises, presently located in Newtown,
has purchased an industrial property at 127 Enterprise Drive in
Monroe. The building will be occupied by the purchaser. The former
owner will remain on Enterprise Drive at a different property. 87
Enterprise Drive is 6,000 square feet with a 1,500 square foot
unfinished office mezzanine, and was constructed on 3 acres. The
sales price was $850,000 or $141.67 per square foot. Bruce
Wettenstein, SIOR & Partner with Vidal/Wettenstein was the listing
broker and represented JPC Enterprises. Counsel for the seller was
Stanley Goldstein of Palmesi, Kaufman, Goldstein & Petrucelli.
Counsel for the purchaser was Christopher Donahue of Riefberg, Smart,
Donohue & NeJames of Danbury.
>
return
to top
