Amodio & Co Brokers $10.6M Industrial Sale of 200,600 SF
Amodio & Co Real Estate is pleased to announce the $10.6 million sale of the 200,600 SF manufacturing/distribution facility located at 100 Marketing Drive, Suffield, CT to Connecticut headquartered, Rug Pad USA.
The building was built in three phases, between 2005 and 2015, with approximately 150,000 square feet of mostly air-conditioned 34’ high-bay warehouse – manufacturing and 50,000 square feet of mezzanine R&D flex/office, featuring 22 dock-height and 3 drive-in doors. Amenities include multiple fitness rooms and refreshment bars; state of the art educational facilities and a prototype company store to study merchandising methods. The property is located in the Bradley Airport Development Zone, and within Suffield’s Planned Industrial Development zone, which features attractive tax incentives.
The headquarters property was formerly occupied by Windsor Marketing Group (WMG) which designed, manufactured and installed “in-store” signage and marketing displays prior to its bankruptcy. The property was under foreclosure with multiple lienholders, which made for a highly complicated and lengthy purchase and sale process.
Frank Amodio, CCIM of Amodio & Co Real Estate represented the seller, Marketing Research Park, LLC in this transaction. According to Frank Amodio, CCIM, “Amodio generated extensive interest in the property with hundreds of inquiries and eight all-cash offers. Comprehensive and unique marketing produced extensive interest in the property.”
Rug Pad USA has been procuring, manufacturing, marketing and selling felt and other padding materials for carpeting underlay from its Connecticut headquarters since 2012, primarily using the Internet and websites.
Amodio & Co. Real Estate is a commercial real estate firm, which handles all aspects of real estate including brokerage, financing, management and development of commercial property. Its team of experienced industry experts, offers market solutions for buyers, sellers, landlords and tenants. Amodio provides expert advice and services with effective solutions to its real estate engagements. Based in Farmington, CT, with a nationwide reach. For further information, please contact Frank Amodio, CCIM of Amodio & Co. Real Estate. frank@amodio.com 860-674-8908 x101.
Amodio & Co brokers 44-unit apartment sale – $2.525M
3/1/21
Amodio & Co is pleased to announce the sale of 38-50 Main Street, New Britain, Connecticut. The stately 44-unit mixed use property is located in the Main Street CBD. This 4 story brick asset is home to 5 retail tenants and 39 residential apartments on the upper levels.
Eric Amodio, CCIM, MBA of Amodio & Co represented both buyer and seller in this transaction.
Amodio & Co Signs Deal with DispatchHealth in Farmington
FOR IMMEDIATE RELEASE – Monday July 27, 2020
Amodio & Co Real Estate is pleased to announce the lease of 1,374 SF of office space at 200 Mountain Road, Farmington, CT to DispatchHealth, a national chain mobile “in-home” urgent care operator. Amodio & Co represented the Landlord in this transaction. This lease brings the property to full occupancy. Amodio & Co previously represented both Buyer and Seller in $735,000 sale of this stately 6,750 SF brick office building.
Amodio & Co Real Estate represented the tenant in this transaction. Amodio & Co. Real Estate is a commercial real estate firm, which handles all aspects of real estate including brokerage, financing, and development of commercial property. For further information, please contact Eric Amodio, CCIM, MBA of Amodio & Co. Real Estate via email: eric@amodio.com Telephone: 860-674-8908.
Amodio & Co Real Estate Leases 8,570 SF Retail Space at former Bristol Bank & Trust Company
FOR IMMEDIATE RELEASE Wednesday January 15, 2020
Amodio & Co Real Estate is pleased to announce the long-term lease of 8,570 SF of office space at 200 Main St., Bristol, CT to Canadian headquartered, The Gift Group. With facilities in Canada, New York & India, The Gift Group operates brick & mortar locations as well as a major internet presence with a multitude of platforms including Brocrates, Hazelton’s, Blooms, The Hope Collective, Gifting Kosher, Good $ You, North Pole Company & Monthly Sommelier. The business designs, assembles and ships a very wide variety of gift baskets to customers across the globe. This location will feature a florist, chocolate shop, purveyor of gift baskets and retail sales.
Amodio & Co Real Estate represented the tenant in this transaction. Amodio & Co. Real Estate is a commercial real estate firm, which handles all aspects of real estate including brokerage, financing, and development of commercial property. For further information, please contact Frank Amodio, CCIM of Amodio & Co. Real Estate: frank@amodio.com Office: 860-674-8908.
Amodio & Co Real Estate Leases 6,224 SF Retail Space at former Super Natural Market & Deli
FOR IMMEDIATE RELEASE on Wednesday January 15, 2020
Amodio & Co Real Estate is pleased to announce the long-term lease of 6,224 SF of restaurant space at 224 North Main St., Bristol, CT to Canadian headquartered, The Gift Group. With facilities in Canada, New York & India, The Gift Group operates brick & mortar locations as well as a major internet presence with a multitude of platforms including Brocrates, Hazelton’s, Blooms, The Hope Collective, Gifting Kosher, Good $ You, North Pole Company & Monthly Sommelier. The business designs, assembles and ships a very wide variety of gift baskets to customers across the globe. This location will feature a bakery, coffee shop, purveyor of gift baskets, specialty food and retail sales.
Amodio & Co Real Estate represented the tenant in this transaction. Amodio & Co. Real Estate is a commercial real estate firm, which handles all aspects of real estate including brokerage, financing, and development of commercial property. For further information, please contact Frank Amodio, CCIM of Amodio & Co. Real Estate: frank@amodio.com Office: 860-674-8908.
Amodio Sells 27-39 Main St, New Britain a Second Time
FOR IMMEDIATE RELEASE
December 20, 2019
CLOSING ANNOUNCEMENT: Amodio & Co Sells 27-39 Main St, New Britain a Second Time
Amodio & Co. Real Estate is pleased to announce the $890,000 sale of 27-39 Main Street, New Britain, CT. The 29,948 SF three story mixed use property featured newer windows and roof, ample on-site parking, and houses existing retail tenants including: Boost Mobile, insurance office, hair salon and pawn shop. The two upper floors are currently gutted shells. The buyer plans on turning the two upper floors into approximately 22 newly fit-out urban apartments to service the growing demand for downtown living. Eric Amodio, CCIM of Amodio & Co. represented the seller, Masuda Putnam, LLC; buyer’s were self represented. Amodio had previously represented Masuda Putnam, LLC in their December 2015 acquisition of the property.
Amodio & Co. Real Estate is a boutique commercial real estate firm that handles all aspects of real estate including brokerage, financing, and development of commercial property.
For further information, please contact Eric Amodio, CCIM of Amodio & Co. Real Estate via email at eric@amodio.com or telephone at 860-674-8908.
Amodio & Co brokers 4-unit multifamily in New Britain, CT
FOR IMMEDIATE RELEASE
Friday November 15, 2019
Sale Price: $310,000
12-14 Lincoln Street, New Britain, CT
Amodio & Co represented buyer and seller in the sale of 12-14 Lincoln Street, New Britain, CT. This 4-unit multifamily asset features a low maintenance brick exterior, newly renovated apartments and stainless steel appliances throughout. The fully leased and properly renovated property make for a true turnkey investment opportunity. The unit mix is made up of (2) two-bedroom and (2) three-bedroom apartment units with above market rent income. The property has been improved with nicely appointed unit interior upgrades, IP camera system accessible via smartphone, newer replacement windows, new hot water heaters and heat systems and central fire alarm system.
Amodio & Co Sells Farmington Office Investment – $735,000
FOR IMMEDIATE RELEASE
Thursday November 7, 2019
CLOSING ANNOUNCEMENT: Amodio & Co Sells Farmington, CT Office Investment for $735,000
Amodio & Co represented both buyer and seller in the exchange of 200 Mountain Road, Farmington, CT. The 6,750 square foot multi-tenant office building built in 2001 was 80% leased at time of sale. Tenants include: Family Dental Care of Farmington, Pediatric Associates of Farmington and Pennell Wealth Advisors. This pristine office asset is centrally located with direct highway access to I-84, on the heavily trafficked “Five Corners” intersection. The property traded for $735,000 – 5.3% cap rate on current income. Amodio & Co was retained by the new ownership to lease the last vacancy.
Amodio & Co. Real Estate is a boutique commercial investment real estate firm, handling all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.
For further information, please contact Eric Amodio of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.
Amodio Sells Connecticut Furs Building in New Britain
FOR IMMEDIATE RELEASE – October 12, 2019
CLOSING ANNOUNCEMENT: Amodio & Co Brokers Connecticut Furriers Building in Downtown New Britain, CT
The property at 111 West Main Street, New Britain features 10,804 sf of retail, warehouse and cold storage vault space, demised into 3 retail storefronts. At the time of sale the building was vacant aside from one small retail tenant. The sale closed for $275,000 or $25.45/sf. Eric Amodio, MBA, CCIM represented the seller Sitilides Realty, LLC.
Amodio & Co. Real Estate is a boutique commercial real estate firm, handling all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.
For further information, please contact Eric Amodio, CCIM, MBA of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.
