The Meadows office building at 1344 Silas Deane Highway in Rocky Hill has changed hands for the second time in a decade, drawing $6.9 million, brokers say.
Hamden’s JMM Properties LLC bought the 55,547-square-foot building and an adjacent retail pad site from DF Group LLC.
Colliers International was DF Group’s broker in this transaction. Colliers also brokered the sale for the seller when the building last changed hands in 2004.
This is JMM’s third realty play on the Silas Deane Highway corridor.
In late summer of 2012, JMM paid $2 million for a largely vacant, four-story office-building at 1290 Silas Deane Highway in Wethersfield, which is drawing enough tenant interest to be virtually full, brokers say.
By this past summer, JMM, with a $4.85 million permanent loan from First Niagara Bank, had renovated the interior/exterior of the 41-year-old glass-and-brick building and drew seven tenants occupying all but 12,500 of its 90,000 square feet, brokers said at the time.
By installing a new roof, heating, ventilation and air conditioning system, windows, common areas, elevators and landscaping, JMM transformed 1290 Silas Deane to Class A status, meaning it can charge higher rents than older, less desirable Class B and C spaces.
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More Colliers leases
In Windsor, at 360 Bloomfield Ave., marketing-media adviser Planitretail leased 3,188 square feet for an expansion of its offices. Siebar Windsor LLC is landlord. Colliers represented Planitretail.
In Glastonbury, Solidify Inc. signed for 2,956 square feet at 655 Winding Brook to relocate its offices. Colliers represented Solidify in its lease from NPV Direct Invest.
In Bloomfield, Northeast National Brokerage LLC leased 1,659 square feet at 34 Jerome Ave. for its Connecticut office. 34 Jerome Avenue LLC is landlord.
In Rocky Hill, Allied Electronics signed for 1,744 square feet at 750 Old Main St. H. Pearce Co. represented landlord Worthington Properties LLC.
Also in Bloomfield, logistics-software vendor Accellos Inc. renewed its lease for 7,747 square feet at 204 West Newberry Road with landlord Griffin Land. Colliers represented Accellos.
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O’Shea Getz’s CT office
Springfield intellectual law firm O’Shea Getz P.C. has chosen Farmington for its first Connecticut office.
The firm recently signed a long-term lease with landlord Waterside Ten LLC for 2,124 square feet of office space at 10 Waterside Drive for its new office to open in early January.
Sentry Commercial was O’Shea Getz’s broker. Colliers International represented Waterside Ten.
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Wallingford bldg. sale
An 11,000-square-foot Wallingford retail building on Center Street sold in early December for $550,000, brokers say.
Mercier Property Trust LLC bought the structure that rests on 0.38 acres at 142-158 Center St. from First Garden Development LP, according to seller’s broker Press/Cuozzo Commercial Services. The building also contains 11,000 square feet of finished space on the lower level.
The sale included an operating laundromat.
Grand Estates Real Estate represented the buyer.
Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.
Greg Seay is the Hartford Business Journal News Editor.
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