NewHavenBIZ

n e w h a v e n b i z . c o m | O c t o b e r 2 0 2 1 | n e w h a v e n B I Z 19 SALES / LEASING • Retail • Office • Industrial • Investments PROPERTY MANAGEMENT • Apartments • Condominiums • Office • Shopping Centers • Industrial Parks • Residential Rentals 1768 Litchfield Turnpike, Woodbridge CT | www.LMMRE.com | (203) 389-5377 Looking for a property manager in Connecticut? Look no further! Levey Miller Maretz, LLC is a leader in property management and commercial brokerage. From commercial and residential properties, to condominium associations, we manage it all! LMM has a proven track record of over 50 years in the commercial real estate and property management industries. Levey Miller Maretz is located in Woodbridge, CT and offers complete: • Property Management Services • Sales and Leasing • Facility Maintenance • Bookkeeping If you, or someone you know, are looking for knowledgeable and experienced property management services in the Connecticut area, or if you are looking for investment opportunities in Connecticut, we invite you to contact us. Contact Jeremy Rosner 1768 Litchfield Turnpike Woodbridge, CT www.LMMRE.com (203) 389-5377 R E A L E S T A T E P O W E R 2 5 bator space. e tower project brings with it some 1,000 construction jobs, and is expected to mean between 700 and 1,000 per- manent jobs, according to Winstanley. ere will be a collaboration with area schools, colleges and universities, such as Yale, Southern Connecticut State University and Gateway Community College, to educate young people and area residents in the sciences and train them for bioscience jobs. e tower has already attracted future tenants ‒ including Yale University and bioscience company Arvinas. BioLabs of Cambridge, which manages cowork- ing space for life science startups, will run a new Yale-backed incubator in the building. Winstanley has been a principal of Winstanley Enterprises since 1992, and he has nearly three decades of experi- ence in real estate development. In New Haven alone, Winstanley has acquired and redeveloped over 1.8 mil- lion square feet of commercial real es- tate. at includes revamping the former Southern New England Telephone build- ing. Winstanley has also been involved in rehabilitation projects in Science Park and on Winchester Avenue, attracting tenants such as Yale University. Alex Twining, CEO, Twining Properties Where some might just see an old abandoned urban factory site, develop- er Alex Twining sees the potential for a bustling, thriving neighborhood. Twining is the New York real estate investor and developer behind New Ha- ven's Winchester Works building at 115 Munson St., which has attracted life sciences tenants, and has more space available. Twining aims to bring a technology and life sciences campus to the site of the former Winchester Repeating Arms Co. factory. Twining has big dreams of restoring the factory and surrounding area to a place where people can live, work and enjoy themselves — eating out at restaurants and shopping at local retailers. Winchester Center, as the campus has been named, could eventually include more than 1,000 apartments in addition to retail space, courtyards, and office and lab space, according to the develop- ers. It is a busy future for a site vacated following the gun company's departure. A portion of the apartments would be reserved for low-to-moderate income tenants. Twining's company, Twining Prop- erties, focuses on mixed-use urban developments, including sites that are close to mass transit, such as this one in New Haven. Twining is behind develop- ments in several large metro areas, such as Manhattan, Boston and Cambridge. According to Twining, Science Park at Yale has become a "unique hub for innovation and discovery, where bio- tech businesses can grow and thrive." Frank Hird, Vice President, OR&L Commercial, Branford Frank Hird has three decades of expe- rience selling and leasing commercial real estate. e licensed real estate broker has handled deals not only in Connecticut, but nationally and internationally. His clients have ranged from ma- jor industrial and office property owners to corporations and nonprofit organizations. During his career, he has handled real estate deals involving Alexion Pharmaceuticals and brokered the sale of One Long Wharf Drive in New Haven. In recent months, Hird was involved in Guilford Savings Bank's lease of a new bank branch site in North Branford and the $2.5 million investment sale of a fully-occupied medical office building at 317 Foxon Road in East Haven. Hird said one notable recent deal he brokered was the 10-year lease of the former Quest Diagnostics office and lab space at 3 Sterling Dr., Wallingford. His client was the landlord, who converted the space so it could serve as a modern production facility for Freshbev LLC, producer of Ripe cold-pressed fresh bar juice products. Another recent highlight, according to Hird, was the sale of 634 Boston Post Road in Madison to Chase Bank for just over $3 million. According to Hird, he anticipates 2021 will end up being a record year for real estate transactions in the New Hav- en area, and 2022 will likely follow suit. Hird is a past president of the CT/ Western MA Chapter of the Society of Industrial and Office Realtors (SIOR). He has also done volunteer work for the American Red Cross and Habitat for Humanity. Robert H. Motley, Senior Director, Cushman & Wakefield Robert Motley has spent 31 years in the commercial real estate industry, leasing and selling office space in the Greater New Haven region. For the past 23 years, Motley has worked for Cushman & Wakefield, a publicly-traded global real estate provider. During his career, Motley has sold more than 36 office buildings, totaling over 2.65 million square feet. His office leases in the Greater New Haven region also total millions of square feet. His most notable deals include selling the Pirelli building three times, the first time to IKEA, and more recently to developer Bruce Becker, who plans to convert it into a hotel. In the past year, Motley has been involved in several big deals, including multiple office leases at 195 Church St., New Haven, an 18-story, 245,000-square-foot building. His other recent large deals include the leasing of 250,000 square feet at the Alexion building, and the sale of the former Higher One headquarters building. Motley, the senior commercial broker for Cushman & Wakefield in the New Haven region, anticipates the next one to two years will see the New Haven office market continue to be "in flux." According to Motley, many companies will likely hold off on longer-term leases, as they try to understand the needs of office workers. "Office building sales may be impacted as new office leases may be for a shorter period of time," Motley said. "Now is a great time for landlords to invest in upgrades to their properties while most spaces are still empty." e way companies use office space has been changing, says Motley, a process accelerated because of COVID-19. Motley has been active in the community. He was a member of the board of the Visiting Nurses of South Central Connecticut for 22 years, including four years as chairman. He also served as president of the group's for- profit operating company, CareSource. Bruce Becker, President, Becker + Becker architects Bruce Becker, president of Becker + Becker architects in Westport, is the developer behind the transformation of New Haven's landmark Pire- lli building on Sargent Drive into a boutique hotel, slated to open this winter. Becker also developed the first luxury apartment skyscraper in New Haven, at 360 State St., a decade ago, a project that features a mix of apartments and ground-level shops. Work to transform the Pirelli building, at 500 Sargent Dr., into a hotel started in Sept. 2020. e building is formerly the home of Pirelli-Armstrong Tire Co., and it is well-known for its unique design, which seems to defy gravity. Architect Marcel Breuer originally designed the structure in 1967. Becker's company purposely seeks Continued on next page

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