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158 Commerce Street Sold in East Haven
July 7, 2016

The Geenty Group, Realtors, announces the sale of 158 Commerce Street in East Haven, Connecticut. The sale price was $1,000,000.00. The 41,654 SF light industrial facility is sited on 3 acres of land in the East Haven Industrial Park. It was formerly home to FYC International, manufacturer of women’s apparel under several popular brands including Sunny Lee and Robby B. Kevin Geenty SIOR represented the Seller, Masu Realty, LLC.

Kristin Geenty SIOR represented the Buyer, Anthony Augliera, Inc. which purchased the property as the new base of operations for Augliera Moving & Storage, relocating the company from its current location in West Haven. In addition to traditional moving services, the 100-year old company is well known as a leading carting and storage service provider to the Broadway theatrical community and the entertainment industry as a whole – dating back to the vaudeville era.

In addition to brokering the sale, The Geenty Group, Realtors, worked closely with East Haven Economic Development Director Sal Brancati to help Augliera acquire an additional adjacent seven-acre lot from the Town. In exchange, East Haven adds 35-50 new jobs as well as $62,000 in tax revenue.

This transaction was greatly facilitated by the advocacy and speedy action by Mr. Brancati, the Zullo & Jacks Law Firm (the town’s attorney), the Planning & Zoning Commission, and other municipal employees which went above and beyond expectation. Attorney Ronald Palumbo of Palumbo & De Laura Law of New Haven provided able counsel to the Seller.

The company plans to build an additional 70,000 SF on the property for a total of 120,000 SF, which will provide climate-controlled storage for theatrical sets and costumes, in addition to office operations and secure moving storage. The campus-like facility will house 15 tractors, 6 box trucks, and 100 storage containers.

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