Amodio & Co

Closing Announcements

 

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.

Amodio Sells St. Mark’s Church in New Britain, CT – $580,000

· Closing Announcements

Amodio & Co is pleased to announce the sale of St. Mark’s Church at 151 West Main Street, New Britain to Deeper Life Bible Church. The buyer is relocating within the City of New Britain and expanding their growing congregation.

The $580,000 sale included the church as well as adjoining school building, 25,553 sf in total.

Amodio & Co represented both seller and buyer in this transaction.

Amodio & Co closes on another Honeyman Builders Fine Home

· Closing Announcements

Amodio & Co Fine Homes Division recently sold another Honeyman Builders custom country colonial home, located on a 2.14 acre lot in West Simsbury on a beautiful country road. Spacious 3,376 sq. ft, four large bedrooms, 3.5 bathrooms, with maintenance free front porch and rear deck. Open floor plan, first floor 9’ ceilings. Large kitchen featuring; custom cabinets, quartz counter tops, Samsung SS appliances with chimney hood, and microwave located in island, Dining room with tray ceiling will comfortably seat all for the holidays. Family room with gas fireplace. First floor study/office. Hardwood flooring throughout the first floor and second floor hallway. Second floor features large bedrooms, with master suite at 460 sq. ft featuring; WIC/dressing area and bathroom with double sinks. A 500 sq. ft bedroom over the garage and laundry room. Quality trim throughout; crown molding, wainscot paneling, chair rail, etc., & energy efficient. Oversized 26’*26’ side-load garage. Additional 1,300 sq. ft in lower level, great for entertaining, fitness room, recreation, etc., with; 9’ ceilings, full bathroom. Located on a level lot with a large back yard with space for recreation, swimming pool, etc. Close to rte. 44 shopping, restaurants, new Whole Foods and more. This award winning community is easily accessible to West Hartford Center, Downtown Hartford and Bradley International Airport. Boston and New York are only a few hours away. SOLD $766,442.00

Amodio & Co Brokers $10.6M Industrial Sale of 200,600 SF

· Closing Announcements, Industrial

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.