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 Company's 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.