NewHavenBIZ

24 n e w h a v e n B I Z | J u l y 2 0 2 1 | n e w h a v e n b i z . c o m e seller was the Benedictines of Jesus. e property — which was built in 1979, sits on 6.36 acres, and has 44 surface park- ing spaces — was formerly home to nuns. It wasn't immediately clear what the buyer plans to do with the property. North Haven's e Proto Group bro- kered the sale. Branford industrial property sells for $3.3M A 24,000-square-foot industrial building at 40-44 East Industrial Rd. in Branford has sold for $3.3 million. e property, which sits on 4.63 acres, had been the longtime home of CAS Medical Systems Inc., which manufactures and distributes blood pressure and other health monitoring devices. California- based Edwards Lifesciences acquired the company in 2019. e buyer, North River Co., a real estate investment and management firm, plans to use the building as a cold-storage warehouse. Rich Lee and Tim McMahon of O,R&L Commercial of Branford represented the seller, Albany Road – Branford II LLC, in the deal. Matt O'Hare of CBRE-NE represented the buyer. W h a t ' s T h e D e a l ? Property Address City Property Type Building SF Sale Price Year Built What's Sold 1823 Boston Post Rd Westbrook 5,831 Retail $560,000 5 W Main St Chester 2,610 Retail $330,000 1900 373, 375 & 383 E Main St (Part of Multi-Property Sale) Branford Land 375 E Main St (Part of Multi-Property Sale) Branford 41,568 Hospitality 1965 2374 Foxon Rd (Part of Multi-Property Sale) North Branford 5,340 Retail $368,421 1973 2364 Foxon Rd (Part of Multi-Property Sale) North Branford 4,806 Retail $331,579 1979 12 N Larkey Rd Oxford Land Burritt St Plantsville Land 88 Farwell St West Haven 10,899 Industrial 1957 60 Oxford Rd Oxford 6,872 Retail 1989 77 Main St S Southbury 1,680 Retail (Neighborhood Center) 1980 0 Boston Post Rd Westbrook Land $145,000 3208 Whitney Ave Hamden 1,164 Office 1987 32 Rubber Ave Naugatuck 20,560 Retail $5,600,000 1997 213 Chase Ave Waterbury 2,666 Retail $2,000,000 2020 100 Piedmont St Waterbury 9,100 Retail $2,043,971 2015 16-20 Irion St Waterbury 6,948 Multi-Family $375,000 1904 Here's a list of recent New Haven commercial properties that have sold. (Order based on sales date) By Greg Bordonaro and Michelle Tuccito Sullo Hamden auto dealerships trade hands; real estate sells for $8.9M S everal Hamden auto dealerships and the accompanying real estate — all for- merly owned by local businessman Lee Partyka — have sold to a New Jersey operator with a growing Connecticut footprint. e Chevrolet, Mazda and Isuzu Trucks dealerships at 200 Skiff St. have sold to Skiff Street Realty LLC, which is controlled by Patrick DiBre. DiBre is the president and CEO of New Jersey-based PSD Automotive Group, which operates auto dealerships in New Jersey, California, Virginia, Connecticut and elsewhere, according to his LinkedIn page. DiBre purchased the businesses for an undisclosed sum, but land records show he paid $8.9 million for the real estate involved in the transaction, which includes three lots. In addition to 200 Skiff St., DiBre purchased a nearby gas station and car wash, which are operated by leased tenants, and another lot at 214 Skiff St., according to Paul Pawlowski, an attorney who represents DiBre. "ere are no plans to change anything," Pawlowski said. "Our intention is to oper- ate the business." e new ownership has rehired all of the existing staff at the three dealerships, he said. DiBre isn't new to the Connecticut market. His company also operates deal- erships in Middletown, Manchester and Wilton, Pawlowski said. Branford religious property sells for $1.6M A former religious property in Branford has sold for $1.6 million. e 77,470-square-foot Monastery of the Glorious Cross at 61 Burban Drive sold in April. e buyer was 61 Burban Associates LLC, which is controlled by Joseph Ia- munno, who has a North Haven business address at 66 Kings Highway. Monastery of the Glorious Cross, 61 Burban Drive. PHOTO | COSTAR Branford apartments sell for $2.7 million An 18-unit apartment complex in Bran- ford has sold for $2.7 million, town records show. e property at 78 Cedar St. sold in April for $148,611 per unit to 78 Cedar LLC, which is controlled by Maia Chiat and Sandor Seidman. e seller was LZ Group LLC, which is controlled by Albert F. Ridinger Jr. and Randy Poxson. e apartment complex was built in 1960, sits on 0.9 acres and has 23 surface parking spaces, according to CoStar. Northeast Private Client Group was the listing broker, according to CoStar. Startup biotech company leases Branford space A fledgling biotech company, Abbratech Inc., has leased a 5,000-square-foot space for research and development at 25 Business Park Drive in Branford. Linda Stevens, executive director for the company, said it is the first time the startup is getting its own space, as it previously has been sharing a suite at nearby 21 Business Park Drive. Terms of the lease were not disclosed. Michael P. Weiner, who is CEO and founder, is listed as the company's princi- pal with the Secretary of the State's office. Weiner has held several biotech positions during his career, such as vice president of molecular sciences at Abcam, and founder and chief scientific officer with AxioMx Inc. Abbratech, founded in 2020, is working to apply knowledge from the past 15 years of human genome sequencing and Ab (anti- body) engineering to produce recombinant Abs, according to its website. e company says its technological advances allow it to make antibodies with targeted precision. Antibodies play a key role in the body's immune system. Richard Guralnick of O,R&L Commer- cial's Branford office represented both the landlord, Business Park Realty LLC, and Abbratech Inc. in the deal. Abbratech plans to use about 40 percent of the space for administrative offices and conference rooms and the rest for new en- closed labs, open bench spaces, and clinical and research offices. n PHOTO | CONTRIBUTED 40-44 East Industrial Rd. This Hamden Chevrolet dealership on Skiff Street recently sold. PHOTO | COSTAR

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