The Geenty Group, Realtors, reports the sale at 55 Plains Road, Essex. This property is a 19,840 SF, modern light industrial building with particularly good office space, kitchen, and break room areas. The sale price was $1,070,000. The Buyer is F. M. Properties, LLC. Fred Malcarne is the President. The Buyer’s operating company, Winthrop Tool, Inc., will occupy the bulk of the building once major renovations and upgrades are completed.. The Seller is W. C. Lyon Investments, LLC. The Geenty Group will be offering the balance of the building for lease. Kevin Geenty SIOR and Kristin Geenty SIOR were the agents in this transaction. Attorney Michael E. Cronin, Jr. of Old Saybrook was the attorney for the Buyer, and Attorney W. Campbell Hudson of Essex was the attorney for the Seller.
TeraDAR Leases Space in Guilford
The Geenty Group, Realtors reports a ten-year lease of 21,800 SF of office and assembly space at 1 Shoreline Drive, Guilford. The Tenant is TeraDAR, Inc. Matthew Carey is the President. TeraDAR will use the space for the assembly and testing of specialty items for...
