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Multi-Tenanted Medical/Flex Building Sold in Branford
September 9, 2010

Kristin Geenty, SIOR, President of The Geenty Group, Realtors, in Branford, CT, reports the sale of 14 Business Park Drive, Branford, a very attractive 25,000 SF multi-tenanted medical/flex building in the Branford Industrial Park at Exit 56 off I-95. The Seller is Todds Hill Investment Circle. The Buyer is Commercial Building Associates of Branford. The Buyer is one of the major landlords in the Branford area and plans to renovate the 10,000 SF of available flex space in the building to suit new tenants' requirements. Currently the tenancy is comprised of 3 medical tenants and one insurance company office. The purchase was funded by People's United Bank. The purchase price was $1,300,000.00. Kristin Geenty SIOR represented the Seller, while Kevin Geenty SIOR and Bill Clark, also of The Geenty Group, represented the Buyer. Attorney Charles Scalesse represented the Buyer, and Attorney Gary Stegna represented the Seller.

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