Closing Announcements

 

Amodio Represents $1.25M Purchase of 71-acre Resort Property in Lebanon, CT

· Closing Announcements

10/7/2022

Frank Shank, of Amodio & Co Real Estate, represented the buyer in the purchase of 1667 Exeter Road, Lebanon, CT- former “Spa at Grand Lake”. The property consisted of a 76-room hotel & spa main building overlooking Lake Williams with olympic-sized outdoor pool, indoor pool, tennnis courts, fitness facility, as well as an owner’s single family home- set on 71 private acres. The new owners plan to completely renovate the property and reopen for guests. The sale closed for $1,250,000.

Amodio Sells 10,436 SF Retail/Office Plaza in Old Saybrook

· Closing Announcements

10/6/2022

Frank Shank, of Amodio & Co Real Estate, exclusively represented both buyer and seller in the off-market sale of a multi-tenant mixed-use strip plaza at 880 Boston Post Road, Old Saybrook, CT. The property is comprised of a 10,436 SF two-story (retail/office) building on 0.51 acres. At the time of sale, the second floor office was vacant with an additional retail vacancy on the first floor. The buyer plans significant capital improvements. The deal closed for $625,000. Contact Amodio & Co for additional off-market opportunities.

Amodio & Co Represents Lions Den Coffee with Simsbury Expansion

· Closing Announcements

9/10/2022

As exclusive tenant rep for Lions Den Coffee, Chris Edge of Amodio & Co Real Estate, is pleased to announce the recent expansion into Drake Hill Mall at 712 Hopmeadow, Simsbury, CT. Lions Den Coffee will lease 2,400 sf in space formerly occupied by Ana’s Kitchen. The storefront will be transformed with glass-panel accordian-style doors to create an open feel, with many changes planned for the interior. The retail plaza is anchored by Fitzgerald’s Foods Grocery and CVS Pharmacy, along with co-tenants Jersey Mike’s, TD Bank and Webster Bank.

Amodio Inks Lease with Superpedestrian Electric Scooters in West Hartford

· Closing Announcements

8/25/2022

Amodio & Co represented both landlord and tenant in a multi-year lease of the entire 4,523 SF industrial building at 14 Grassmere Avenue, West Hartford, CT. The tenant, Superpedestrian, is a global operator of electric scooters for rental. The company plans to utilize the space for maintenance, repairs and charging of the scooters. Frank Amodio, Jr and Eric Amodio, CCIM were the brokers in the deal.

Amodio Represents Goodwin University in $1.3M Sale of 1137 Main St, East Hartford

· Closing Announcements

7/28/2022

FOR IMMEDIATE RELEASE

Frank Amodio, Sr, CCIM and Eric Amodio, CCIM of Amodio & Co represented Goodwin University in the 34,380 sf sale of 1137 Main, 1125 Main and 16 Orchard Streets in East Hartford. The property was mostly leased at time of sale, with parking for 122 cars. The building was originally built as a bank headquarters, then purchased by Goodwin Universtiy for office and classroom use. The buyer, Bailey’s Real Estate, from Orlando, Florida purchased the property for $1,300,000.

Iconic New Britain Church Trades Hands – $250,000

· Closing Announcements

7/12/22

FOR IMMEDIATE RELEASE

Frank Amodio, Jr of Amodio & Co represented the buyer and seller in the sale of 36 North Street, New Britain, CT. The property traded for $250,000 from Deeper Life Bible Church to Redeemed Christian Church of God. The property was originally built in 1943 by the Italian-American World War Veterans as a social club.

Amodio Sells Office to 100-Unit Residential Conversion – $2.5M

· Closing Announcements

Frank Amodio, CCIM and Eric Amodio, CCIM, of Amodio & Co. represented both buyers and sellers on two transactions for this 125,083 SF office property located at 480 Myrtle Street in New Britain; a former Stanley Black & Decker facility. Their first sale in 2018 traded for $980,000 with the buyer’s intentions of leasing up the vacant office space. Amodio was retained for this assignment, however, Amodio identified higher value in ultimately selling as a residential conversion. After substantial buyer interest & multiple offers, Amodio procured a developer who obtained City approvals for a 100-unit residential conversion.

Since 1919, Amodio & Co has owned, developed, & brokered nearly every property type, bringing extensive experience to our clients. We offer creative solutions to ensure your deal happens and is done right. Put the power of a CCIM globally designated professional on your team and let our award-winning firm assist in navigating today’s CRE market.

Amodio Sells 5-39 Arch Street a Second Time- $710,000

· Closing Announcements

Eric Amodio, MBA, CCIM of Amodio & Co represented the buyer and seller for 5-39 Arch Street, New Britain. This 15,270 sf mixed use two-story building traded for $710,000. Frank & Eric Amodio previously represented both sides of the deal in 2018 selling for $425,000.

The property transfers with newly approved plans for the conversion of the second floor to 10 residential apartment units. The buyer plans to begin construction in the coming months.

Since 1919, Amodio & Co has owned, developed, & brokered nearly every property type, bringing extensive experience to our clients. We offer creative solutions to ensure your deal happens and is done right. Put the power of a CCIM globally designated professional on your team and let our award-winning firm assist in navigating today’s CRE market.