Archived Press Releases
- 2004
SENDIRECT LEASES
IN SHELTON
December, 04, Shelton, CT--Bruce Wettenstein, SIOR and Partner with Vidal/Wettenstein announced
today that the property at 6 Waterview Drive in Shelton has been leased to
Sendirect. The building is 47,000 square feet and situated on 5 acres. It
was formerly the home to Doran Manufacturing which relocated to Shelton
from Norwalk.
Sendirect is owned by Brian McGillicuddy and is a complete fulfillment
and production services source. From Call Center, to e-commerce sites,
pick pack ship to targeting mailings, Sendirect is a one stop shop for all
outsourcing needs. Sendirect utilizes state of the art systems to enhance
your customers experience on the internet as well as in our contact
centers. The company handles catalog fulfillment as well as promotional
mailings for many of their clients. The firms focus is to help their
clients grow their businesses while they handle all of the back end
operations. This location in Shelton will also be the new home of the
companies two other business’, SUPERCOUPS and AGENCY 2000.
Bruce Wettenstein, SIOR (Society of Industrial and Office Realtors) was
the listing Broker and Bob Virgulak of DVB Realty represented the tenant.
Legal counsel for Sendirect was William Petrocio of Quatrella and Rizio of
Fairfield, and for the Owner, Ed Berlin of White Plains.
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Vidal/Wettenstein & DVB Commercial negotiate leases
December 2004,
Bridgeport, CT--Scott Zakos, partner
with Vidal/Wettenstein announced that Timothy Fink & Co. Inc. has leased a
building at 70 Hawley Avenue from Hawley Avenue Associates. The building
is 7,300 square feet, and will be used for
designing and building new organs,
rebuilding organs that have fallen into serious disrepair and maintaining
organs in regular use. Mr. Fink is himself a master pipe maker whose
passion is the creation of pipes that produce the variety and quality of
sounds essential in a superb organ. However, a pipe organ must also be
“built to last.”. The terms of the lease were
not disclosed. Scott Zakos represented Hawley Avenue Associates, while
Robert Virgulak of DVB represented the tenant.
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Vidal/Wettenstein
Brokers Shelton Land Sale
November 2004, Shelton, CT--Bruce
Wettenstein, SIOR and Partner with Vidal/Wettenstein announced today that
Worldwide Properties has purchased a parcel of land owned by Griffin
Hospital. The parcel is 2.9 acres and is located in the White Hills
section on Route 110. Griffin
Hospital
purchased the property in 1985 for developing a medical use, however it
was decided to sell the property and focus on their development directly
adjacent to the Hospital in Derby.
Worldwide
Properties has numerous properties throughout Connecticut, is solely owned
by Joseph Voll. The use of the site has not been determined. Counsel for
Mr. Voll was Robert Josovitz of Fairfield and for Griffin Hospital, Eugene
Skowronski of Derby.
Bruce
Wettenstein negotiated the sale for both parties.
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Vidal
Wettenstein, LLC Negotiates 5,000 SF Lease
October 2004, Stratford, CT--Scott Zakos, Partner with Vidal/Wettenstein, LLC announced
that Halsted Communications, Ltd, a satellite television installation and
service business for DirecTV, has expanded its services into Fairfield
County. The 5,000 square foot office/warehouse building located at 55
Rachel Drive, Stratford, offered convenience to the major highways for its
service technicians. Scott Zakos represented both Halsted Communications
and the landlord, the terms of the transaction were not disclosed.
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Vidal/Wettenstein co-brokes with Boynton Commercial
September 2004, Milford, CT--Bruce Wettenstein, SIOR and partner with
Vidal/Wettenstein, LLC announced today that the property located at 110
Raton Drive and formerly owned and occupied by New England Controls in
Milford, has been sold to J K B Tool Company. The building is 10,400
square feet, fully air conditioned and is situated on 2.5 acres of land.
The sales price was $770,000.
Jason Blake, Vice President of JKB said the building
will be used for medical devise manufacturing and precision swiss screw
machining.
Bruce Wettenstein, SIOR was the listing broker and Dan
Boynton of Boynton Commercial represented the purchaser. Legal counsel for
the seller was Leo Carroll of Stevens, Carroll and Carveth in Milford, and
for the purchaser, Tony DeChello.
Vidal/Wettenstein, LLC has individual members of the
Society of Industrial and Office Realtors (SIOR), the premier commercial
real estate network organization in the Country.
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Sartomer
Company Leases in Stratford
September, 2004, Stratford, Connecticut--It was announced today that Sartomer Company has
expanded its local operations into a building at 600 Long Beach Boulevard
in the Stratford Executive Park. The firm leased 10,000 square feet for
ten years, according to Bruce Wettenstein, SIOR and Partner with
Vidal/Wettenstein, LLC. Wettenstein represented both parties. Terms of the
lease were not discussed.
Sartomer Company was founded over 40 years ago and has
pioneered the commercial development of products for cured-in-place
technologies. The name, "Sartomer", is derived from Greek and Latin words
together meaning "tailor made part", a concept of doing business that
clearly sets Sartomer apart from the competition. Every aspect of
Sartomer's operations is uniquely structured toward one common goal...to
accommodate the special requirements of each individual customer, large or
small. Other locations for the firm are in Beijing, France, Africa and
Tokyo. The company is headquartered in Exton Pennsylvania.
Stratford Development Company built, owns and manages
approximately 800,000 square feet of flex type industrial and office space
in the Park. Vidal/Wettenstein is a full service commercial real estate
firm specializing in the sale and leasing of industrial and office space
throughout Fairfield and New Haven Counties respectively.
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Queue, Inc. Leases in Shelton
June, 2004, Shelton, CT--Bruce Wettenstein, SIOR
and Partner with Vidal/Wettenstein announced today that the property at 1
Controls Drive in Shelton has been leased to Queue, Inc. of Bridgeport,
CT. The firm has a long term lease and an option to purchase. The building
is 18,000 square feet and situated on 4.5 acres. It was formerly the home
to Anton Bauer and recently OEM Controls purchased the property to allow
them additional growth. Recently OEM re-designed their existing facility
at 10 Controls Drive, thereby allowing the company to relinquish the
building.
Queue, Inc., has been a leading educational publisher for over 20 years.
The firm offers a large selection of workbooks for the Connecticut Mastery
Tests and similar exams in other states. These workbooks for the
Elementary and Middle Schools were designed by educators to provide
extensive practice for Elementary and Middle School students to perform to
the best of their abilities on the state mandated exams.
Bruce Wettenstein, SIOR was the listing Broker and negotiated the lease
for both parties. Legal counsel for Queue was Suzanne E. Baldasare of Pepe
& Hazard.
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Vidal / Wettenstein Sells Stratford Building
June, 04 Stratford, CT--Bruce
Wettenstein, SIOR and Partner with Vidal/Wettenstein, LLC announced today
the property located at 300 Benton Street in Stratford has been sold to
Robert Testa of Norwalk. The size of the building is 11,000 sq/ft and
will be partially used for his construction business. The balance will be
occupied by the existing tenant, American Technical Plastics. The sales
price was $550,000.00. Mr. Wettenstein was the listing Broker and Phil
Passaro of Norwalk represented the purchaser. This is the third property
sold by Vidal/Wettenstein on Benton Street in the past 4 months.
Vidal/Wettenstein is a full service commercial real estate firm
specializing in the sale and leasing of industrial, office and investment
properties, and also Tenant and Landlord representation. The firm is
affiliated with the Society of Industrial and Office Realtors (SIOR).
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Shelton property sells for
$3,790,000
May 2004, Shelton, CT
–Bruce Wettenstein, SIOR and partner with Vidal/Wettenstein
announced today that the Image Graphics property located at 917 Bridgeport
Avenue in Shelton has been sold. The building is 32,600 square feet
and is situated on 10.17 acres of land. The sale included a partial
leaseback by Image Graphics for approximately 15,000 square feet and the
remaining space is available for lease. The sales price was
$3,790,000.00. The new owner, 917 Bridgeport Avenue LLC is a
developer and is planning a residential use for the remaining land
portion.
G T & W Partners, which sold the
property is leasing back approximately 15,000 sq/ft.
The firm is a privately owned
Connecticut Corporation founded in 1974. For over 30 years the digital
image experts at Image Graphics have pioneered work on creative solutions
to meet the challenges of information analysis, processing, recording,
storage and retrieval. These highly sophisticated networked systems have
brought new standards of image resolution and quality for satellite and
aerial imagery, geophysical data, mapping, printing and publishing
micrographics and digital preservation.
The sale was
negotiated by Bruce Wettenstein of Vidal/Wettenstein, LLC. Counsel for
the seller was Pullman & Comley of Bridgeport and for the seller,
Quatrella & Rizio of Fairfield.
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Bridgeport Building Sold
April 2004, Bridgeport--Bruce
Wettenstein, SIOR and partner with Vidal/Wettenstein, LLC announced today
that he brokered the sale of 250 Fifth St., Bridgeport to Westrock
Development, a New York development company. Westrock Development owns
approximately 1 million sq. ft. of commercial real estate including an
industrial park in Brookfield, several other buildings in Danbury, West
Haven and Bridgeport as well as many other properties in New York.
The building will be completely rehabilitated and placed on the market for
lease. Vidal/Wettenstein will be responsible for the leasing of the
building which is ideally set up for a single or multi tenant design. A
price structure has not yet been determined. The building is 27,000 sq.
ft. and has numerous docks and drive in doors. It had been the home to
Ally Industries and most recently Shelton Laundry. Recently the property
was foreclosed by the Grow Bridgeport Fund and ultimately sold to Westrock.
The location is a short distance from I-95 and in the middle of the
industrial portion of the city.
Bruce Wettenstein, SIOR was the listing broker and represented the
purchaser. Legal counsel for the seller was John Dzurik of Goldstein and
Peck, and Dan Nagel of Cohen & Wolf represented the purchaser.
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Lecoq Cuisine Purchases
35 Union Avenue
April 2004, Bridgeport, CT-- Randy Vidal, SIOR and Bruce Wettenstein,
SIOR together completed the sale of a 52,000 square foot industrial
building on 7 plus acres of land located at 35 Union Avenue Bridgeport
Connecticut.
Mr.
Lecoq purchased the property with a view of taking his company to the next
highest level. Making a major commitment by converting the former heavy
industrial building to a modern pastry production facility with the latest
equipment imported from Europe. The purchase price of $2,500,000 together
with the building renovation and new equipment represents an investment in
excess of $6,000,000.
When completed this project will enable the company to triple its
production capacity and accommodate a work force of 100 employees.
Lecoq Cuisine is the maker of high quality proof & Bake pastry products.
The company was founded eleven years ago and continues to be operated by
Eric Lecoq. From a modest beginning with Eric virtually doing all the
operations himself, he has grown the company to 40+ employees. His
company’s customers include the finest restaurants and five star hotels
nationwide.
After nearly a year of considering several other sites in Fairfield
County, Bridgeport was selected as the best location for several reasons.
Bridgeport’s transportation systems allow employees and customers to reach
the site by train, bus, rail and plane, via Sikorsky Airport. The property
is very close to exit 30, I-95 offering both east and west entrances and
exits. Bridgeport has an available skilled labor force. Last but not
least the City’s economic development agency and the Bridgeport Economic
Resource Center’s extensive assistance with the numerous processes
associated with a project of this magnitude.
The
property was purchased from Eagles Nest, LLC. A family held real estate
development and Investment Company. With several real estate holdings in
Connecticut.
Attorneys Bill Fitzpatrick of Fairfield and Marshall Goldberg of Stamford
provided legal services to Eagles Nest and Lecoq Cuisine respectively.
Real estate Brokers, Randy Vidal, SIOR represented Lecoq Cuisine while
Eagles Nest was represented by Bruce Wettenstein, SIOR. Since 1968 Vidal
/ Wettenstein, LLC has been serving the real estate requirements of the
business and investment community.
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Astro Moving
Purchases Bridgeport Building
April 2004, Bridgeport, CT –- It was announced today that Tom Moores,
President of Astro Moving and Storage has purchased the property at 250
Bishop Avenue in Bridgeport, Connecticut. The business will relocate from
its present facility in Fairfield, Connecticut. Astro Moving has been in
business since 1943 and specializes in commercial and residential moving
and storage. Astro moving operates primarily within Connecticut but also
services the eastern seaboard, especially Florida.
According to Mr. Wettenstein, the property had been formerly occupied by
Cogent Power which recently relocated to Ontario. The building is 26,000
square feet and sold for $810,000.00. Bruce Wettenstein, SIOR and Partner
with Vidal/Wettenstein represented both parties. Counsel for the buyer was
Michael Maronich of Bridgeport, and for the seller, Bob Blythe with Siegel
O'Connor from New Haven.
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Herbert J. Sims & Co.
Lease Office Space
March 2004,
Southport, CT--Randy Vidal, SIOR, today announced that Herbert J. Sims
& Company has signed a six year lease commitment for 7,500 square feet at
Southport Crossing, located at 3530 Post Road Southport, CT.
Herbert J. Sims &
Co. is a
full service investment banking firm that specializes in structuring and
underwriting senior living and long-term care financings. The firm
consistently ranks at, or near the top of the annual national statistics
provided by Thompson Financial Securities Data (formerly
Securities Data Corporation), both in terms of number of issues, as
well as total par amount - over $7 billion in senior living
financing. The firm's clients range from private partnerships to New
York Stock Exchange listed companies to large, well-established
non-profit providers.
Baywater Properties is
a principal partner in Southport Crossing. David Genovese, CEO recently
unveiled the new design and scope of work associated with the extensive
renovation. Mr. Genovese stated their decision to undertake a complete
renovation of the 36,600 square foot building exemplifies their confidence
in the Southport/Westport area. Baywater Properties is a fully integrated
commercial investment, development and management company with properties
in Fairfield and Westchester Counties.
Vidal / Wettenstein, LLC has been
providing real estate services to the business and investment community
since 1968. Randy Vidal, SIOR represented Herbert J. Sims and Company,
while Tom Pajolek and Al Mirin of CB Richard Ellis represented Baywater
Properties.
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Westport Building Sold
March 2004,
Westport, CT--Randy Vidal, SIOR principal in the firm of Vidal /
Wettenstein, LLC, today announced the sale of
971 Post Road East in Westport.
The 5,000 sft mixed
use buildings have long been home to several local firms. Including Cycle
Dynamics, Quigley Electric and Central Sheet Metal. The purchase was made
by an investor located in
Westchester County and was represented by attorney Peter Corporale. The
sellers attorney was Ronald Bozelko.
Randy Vidal acted as
the Broker for the sellers. The purchase price was $1,200,000.
Westport
continues to be viewed as a desirable upscale community. Properties have
steadily increased in value, attracting a high degree of interest from the
investment community.
Established in 1968
Vidal/Wettenstein, LLC is a nationally recognized, full service commercial
real estate company specializing in investment property, industrial and
office sales, leasing and buyer/tenant representation.
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Vidal/Wettenstein leases Bridgeport Building
February 2004,
Bridgeport, CT--Bruce
Wettenstein, SIOR and partner with Vidal/Wettenstein announced
that American Container Transport has leased a building at 152 Central
Avenue from WTP Associates. The building is 7,200 square feet on half an
acre, and will be used for storage and maintenance of the fleet of
vehicles and containers. Wayne Parks is the President of American
Container. The terms of the lease were not disclosed. Bruce Wettenstein,
SIOR negotiated the lease between both parties. Robert Pacelli was counsel
for the building owner and Carl Massaro was counsel for the tenant.
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Vidal/Wettenstein Sells Stratford
Building
February 2004, Stratford, CT--It
was announced today that 294 Benton Street has been sold to Hulse Heating
and Air Conditioning. The building is 10,400 sq/ft and was recently
vacated by Engineers Tool and Manufacturing when the company had been
purchased and relocated to Massachusetts. According to Harry Hulse,
President of Hulse, “H. Hulse, Inc., is a full service HVAC company which
started in 1962. it was formerly located in Trumbull.
Bruce Wettenstein,
SIOR and Partner with Vidal / Wettenstein, LLC negotiated the sale between
both parties. The firm was the listing broker for the owner of the
property. Attorneys for the seller was Cohen & Wolf of Bridgeport and for
the purchaser, Joseph Sanfilipo.
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Industrial
Building in Bridgeport Sold
February 2004, Bridgeport, CT--Bruce
Wettenstein, SIOR and partner with Vidal/Wettenstein, LLC announced today
that the Dowling Fleet facility located at 1901 Commerce Drive in
Bridgeport has been sold to Sasco Commerce LLC. The building is 22,464
square feet and is leased to Dowling Fleet Services, an automotive
radiator distribution company. It was purchased as an investment for the
buyer.
Bruce Wettenstein, SIOR was the listing
broker and represented both parties.
Vidal / Wettenstein LLC
specializes in the sale and leasing of industrial and office properties as
well as tenant representation. Legal counsel for the seller was the law
firm of McCarthy, Fingar, Donovan, Drazen & Smith of White Plains, and for
the purchaser, Lawrence Weisman of Halloran & Sage, LLP of Westport.
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Fairfield
Office Building Sold
February 2004, Fairfield, CT--Bruce
Wettenstein, SIOR and partner with Vidal/Wettenstein, LLC announced that
the medical office building at 309 Stillson Road has been sold to Meland
Properties. The building is 5,000 sq/ft and sold for $1.1 million.
Dr. Twersky, Dr. Hobbie and Dr. Woods were
the owners of the property and Dr. Twersky will remain on the main floor.
The Affiliates in Women’s Care Center is the tenant on the 2nd
level.
Bruce Wettenstein, SIOR was the listing
broker for the former owners. Legal counsel for the seller was Cheryl
Carolan and Noel Newman of Friedman, Newman, Levy, Sheehan & Carolan, and
for the purchaser, Jim White of Pullman & Comley.
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Stratford Building Sold
February 2004,
Stratford, CT--Bruce Wettenstein, SIOR
and partner with Vidal/Wettenstein, LLC announced today that the former
New England Fire Equipment facility has been sold to Yatsinko Tree
Removal. The building is part of an industrial condominium located at 55
Browning Street. According to Bruce Wettenstein, SIOR, the sales price
was $255,000.00. The company is owned and operated by Robert Yatsinko.
The business was started in 1973 and primarily is involved with tree and
stump removal.
Bruce Wettenstein, SIOR
was the listing broker and negotiated the sale for both parties.
Vidal / Wettenstein
LLC specialize in the sale and leasing of industrial and office properties
as well as tenant and owner representation. Legal counsel for the seller
was Tony Benedesso of Milford and for the purchaser, William Petroccio, of
Quatrella & Rizio of Fairfield.
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Vidal/Wettenstein and The Geenty
Group Realtors Co-Broke Sale
February 2004,
Branford, CT--Randy Vidal, SIOR
announced the sale of 131
Commercial Parkway Branford, Connecticut for $3,675,000. The property
consists of 70,000 square feet in four buildings on 8+ acres. Well located in a
prominent retail area with visibility from I-95.
The sellers, Cherry
Hill Investment Group were represented by Bill Clark and Kevin
Geenty, SIOR of The
Geenty Group Realtors in Branford. The buyers,
Ceruzzi Holdings were represented by Randy Vidal, SIOR.
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Vidal/Wettenstein
- Real Estate for Business & Investment
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