A restaurant family known for their Chinese cuisine are renovating the former Margarita’s Restaurant in Canton to open this spring their third restaurant in central Connecticut, authorities say.
Buyer Ke Feng Zhao paid seller P.L.G.G.E.D. $900,000 for the once-vacant 5,000-square-foot eatery at 144 Albany Turnpike, according to broker Bruce Cagenello, of Prudential Connecticut Realty Commercial Brokerage in Avon, who served both parties in the deal.
The 210-year-old structure originally built as a home has housed a number of restaurants and taverns over the years, Cagenello said.
The former restaurant-lounge had operated under various names and owners for more than 40 years. Its previous configuration accommodated 190 seats.
The sale included furniture. It also has parking spaces.
Cagenello said the Ke family operates two other Chinese restaurants, Char Koon on Main Street in South Glastonbury, and Forbidden City Bistro on Main Street in Middletown.
Interior renovations are under way primarily to update the food-preparation area, he said.
Griffin Buys In Pa.
Griffin Land & Nurseries Inc. recently completed its previously announced deal in Pennsylvania that is its first property acquisition beyond its core Hartford area market.
The New York-based landlord and nursery operator that is Connecticut’s largest private landowner said it paid $6.4 million before closing costs to acquire a 120,000-square-foot industrial building in Breinigsville, Pa. from bankrupt Opus East LLC.
The building is fully leased for the next 6 ½ years to Japanese camera and optical-products maker Olympus Corporation of America.
Meanwhile, Griffin is negotiating with an Opus affiliate to buy 51-acre undeveloped parcel in Lower Nazareth, Pa.
The undeveloped land is expected to support the development of two industrial buildings totaling about 530,000 square feet, the company said.
Repair Site Leased
Truck King LLC of Wolcott leased a three-bay building at 283 Woodmont Road in Milford.
The 5,050-square-foot facility will house operations for Truck King’s repair and 24-hour roadside service.
The Geenty Group, Realtors, in Branford represented the tenant and landlord, Connors Properties LLC, in the transaction.
Deep River Lease
MPM Realty LLC leased a 5,000-square-foot office-shop and a 1,500-square-foot office, both at 500 Main St. in Deep River.
The Geenty Group, Realtors, of Branford represented the tenant and the landlord, Mislick Family Limited Partnership, in the lease.g
Got real estate news? 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 web editor.
