As Owner/Developer,
The Following Is A List Of The Diverse
Activities Related To Our Company Owned Portfolio
CONNECTICUT
Norwalk, CT
• Leased retail space to Milano Restaurant at 250 Westport
Avenue
• Revised the lease with Kai Fusion (Bond Grill) for a restaurant
at 250 Westport Avenue
• Renewed lease to Norwalk Dance Academy at 22 High Street
• Renewed lease with Al’s Liquor Warehouse at 570
Main Street
• Sold residential land on East Avenue, approved for 36
luxury water-view condominiums with 5,400 sf of office space,
for $4,900,000 to RMS Development.
• Sold residential land approved for 8 units on Ely Avenue
• Sold residential land approved for two 2-family houses
on Papp Street
• Refinanced 36-unit apartment complex at 36 Wolfpit Avenue
• Refinanced 45,000 square foot shopping center at 250 Westport
Avenue
• Refinanced 4,800 square foot commercial building at 3
Lois Street
Middletown, CT – Millennium
Business Park – 100 acre business park
• Completed the remodeling of the existing 232,000 square
foot industrial building including landscaping, façade
and interior upgrades
• Completed build-out and renovation of 136,000 square feet
for a lease with Electrical Wholesalers to accommodate their central
distribution needs for all of Connecticut.
• Received approval for the construction of a distribution
facility of up to 240,000 square feet on Middle Street
• Received approval for the construction of a distribution
facility of up to 200,000 square feet on Kenneth Dooley Drive
• Refinanced 232,000 square foot industrial building at
699 Middle Street
• Refinanced 85,000 square foot distribution building 425
Timber Ridge Road
West Haven, CT
• Refinanced 595,000 square foot industrial building at
82 West Clark Street
Trumbull, CT
• Completed the purchase and financing of a 42,740 square
foot office building located at 9 Trefoil Drive, the corporate
headquarters for Gardner Denver Nash, LLC.
Brookfield, CT
• Leased retail space to Positive Energy at 265 Federal
Road
• Leased retail space to Fully Belly Deli at 265 Federal
Road
• Leased retail space to Wines N Such at 265 Federal Road
• Leased retail space to Futures Past at 265 Federal Road
Danbury, CT
• Renewed the lease with Universal Church for 4,050 square
feet
AROUND THE COUNTRY
Elyria, OH – 745 Gateway Boulevard, 635,000 square
foot industrial building
• Renewed lease with Matrix Logistics for 130,000 square
feet
• Renewed lease and added space for MP&A expanding them
to 65,576 square feet
Indianapolis, IN –
7900 Rockville Road, 645,000 square foot industrial building
• Expanded General Cable by 22,400 square feet bringing
them to a total of 107,000 square feet
Gardner Denver Nash Portfolio –
Pittsburgh, PA, St. Louis, MO, Birmingham, AL
• Completed the purchase and financing of a 150,000 square
foot industrial portfolio fully occupied by Gardner Denver Nash,
LLC
• Revised and renewed the lease for GDN at the 47,000 square
foot building in Pittsburgh, PA.
• Revised and renewed the lease for GDN at the two buildings
totaling 82,300 square feet in St. Louis, MO.
• Revised and renewed the lease for GDN at the 20,000 square
foot building in Birmingham, AL
El Paso, TX – Kid Paso Drive
• Completed the sale of a 100,000 square foot industrial
facility
Sugarbush, VT
• Finalized entitlements for a 4-lot residential subdivision
Hesperia, CA
• In process of obtaining approvals for a mixed use development
on over 200 acres of land with over 3,000,000 square feet of industrial
space plus retail and residential buildings
Victorville, CA
• Finalizing preliminary plans for an 80 acre retail and
residential development
• Obtaining approvals for 28,000 square foot retail development.
• Assembled land for a large mixed use development
Development Projects in Progress
• Wall Street Redevelopment, Norwalk, CT – Entered
into a strategic alliance with Beacon Communities to develop the
Head of the Harbor area in central Norwalk. The project is a $50
million mixed-use development consisting of market and affordable
residential units, office and retail space.
Consulting Group – Joseph
Breault, Sr. SIOR
• Responsible for owner representation for many of the transactions
listed above
• Represented Trans Lux in leasing 14,000 SF of office space
at 26 Pearl St, Norwalk, CT
• Represented Trans Lux in leasing 25,000 SF of manufacturing
space in Stratford, CT
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Year in Review 2006
As Owner/Developer, the following is a list of the diverse
activities related to our company-owned portfolio
CONNECTICUT
Norwalk, CT
• Leased office space to Community Health Center with an
option to purchase 11,000 square feet at 49 Day Street
• Leased 4,750 square feet to Center for Growth & Development
for 4 years at 570 Main St
• Leased and rehabbed 4,800 square feet to Digital Chameleon
for 5 years at 3 Lois St
• Leased retail space to Minuteman Press for 5 years at
536 West Avenue
• Leased retail space to Box Surplus for 3 years at 250
Westport Avenue
• Renewed the lease to Sleepy’s for 5,500 square feet
at 295 Westport Avenue
• Renewed the lease to People’s Bank for 4,971 square
feet at 295 Westport Avenue
• Renewed the lease to Meigas Restaurant for 4,147 square
feet at 10 Wall Street
• Renewed the lease to Norwalk Tae Kwon Do for 2,275 square
feet at 536 West Avenue
• Renewed the lease to Mutual Security Credit Union at 390
Westport Avenue
• Renewed the lease to Grooming by Debbie at 250 Westport
Avenue
• Renewed the lease to County Mall Variety at 250 Westport
Avenue
• Renewed the lease to Globos Envios at 1-3 West Avenue
• Received approval to build free standing bank branch at
390 Westport Avenue
• Sold an industrial development site on Martin Luther King
Drive
• In contract to sell 2 apartment house sites on Ely Avenue
and Papp Street
Wallingford, CT
• Sold the 202,500 square foot Medway Distribution Center
for $14,100,000
Middletown, CT – Millennium
Business Park – 100 acre business park
• Constructed an 85,000 square foot build-to-suit Class
A distribution facility for International Paper with
a 10-year lease at 425 Timber Ridge Road
• Completely remodeled existing 232,000 square foot industrial
building
• Leased 136,000 square feet to Electrical Wholesalers for
7 years to accommodate their central distribution needs for all
of Connecticut.
• Leased 28,000 square feet to Northeast Quality Services
for their manufacturing facility
• Renewed the lease and expanded Flo Tech bringing their
total square footage to 39,600
• Received approval for a 6 lot industrial subdivision
West Haven, CT
• Renewed the lease with Town Fair Tire for 50,000 square
at 82 West Clark Street
Trumbull, CT
• Entered into a contract to purchase a 42,740 square foot
office building located at 9 Trefoil Drive fully occupied by Gardner
Denver Nash, LLC. Closing 2/15/07
Brookfield, CT
• Leased retail space to Sandy Nails for 10 years
Bloomfield, CT
• Opened the 25,000 square foot anchor tenant, Geissler’s
Supermarket, in February 2006
Durham, CT
• Leased retail space to Mex on Main at 370 Main Street
Danbury, CT
• Renewed the lease with Universal Church for 4,050 square
feet
AROUND THE COUNTRY
Elyria, OH – 745 Gateway
Boulevard, 645,000 square foot industrial building
• Leased 30,000 square feet to Elyria Foundry expanding
their space to 100,000 square feet
• Leased 23,000 square feet to MP&A expanding their
space to 49,000 square feet
Indianapolis, IN – 7900
Rockville Road, 645,000 square foot industrial building
• Purchased in 2005, this facility was fully remodeled and
now over 90% occupied
• Leased 244,000 square feet to Prime Distribution Services
• Leased 103,000 square feet to Maingate
• Leased 57,600 square feet to Talon Test Labs
• Completed refinancing for $8,500,000 with New Alliance
Bank
El Paso, TX – Kid Paso
Drive
• In contract to sell 100,000 square foot industrial facility
closing in January 2007
Sugarbush, VT
• Finalizing entitlements for a residential subdivision
Hesperia, CA
• Purchased 72 acres of land bringing the total land assemblage
to approximately 215 acres
• In process of getting approval for a mixed use development
with over 3,000,000 square feet of industrial space plus retail
and residential buildings
Victorville, CA
• Purchased 310 acres of land in Victorville
• In process of getting approvals for a large mixed use
development
Development Projects in Progress
• Wall Street Redevelopment, Norwalk, CT – Entered
into a strategic alliance with Beacon Communities to develop the
Head of the Harbor area in central Norwalk. The project is a $50
million mixed-use development consisting of market and affordable
residential units, office and retail space.
• Waterview East Condominiums (Former Katharine Gibbs School
on East Avenue in Norwalk, CT) – Working with AD Phelps,
we received full approvals to build 36 luxury condominium units
with 5,400 square feet of office space.
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Year in Review 2005
As Owner/Developer, the following is a list of the diverse
activities related
to our company owned portfolio.
Norwalk, CT
- Leased 7,200 square feet to Word Alive Bible Church for 10
years at 536 West Avenue.
- Leased 4,440 square feet to Kal Fusion for 10 years at 250
Westport Avenue.
- Leased retail space to Cookin Dinners for 5 years at 250 Westport
Avenue.
- Leased retail space to Pella Windows for 5 years at 250 Westport
Avenue.
- Renewed the lease to S.J. Stewart Insurance for 5 years at
295 Westport Avenue.
- Renewed the lease to Cingular Wireless for 3 years at 384
Westport Avenue.
- Renewed the lease to Computer SI for 5 years at 22 High Street.
- Sold two houses on Carter Street, Norwalk, CT for $1,195,000
and $1,260,000.
West Haven, CT
- Renewed the lease for New England Warehouse/Pace Motor Lines
for 5 years for
294,000 square feet at 82 West Clark Street.
- Renewed the lease for Schrafel Paperboard for 5 years for
101,000 square feet at
82 West Clark Street.
- Renewed the lease for Town Fair Tire for 1 year for 50,000
square feet at
82 West Clark Street.
- Leased 27,000 square feet increasing to 50,000 square feet
to Creative Logistics
for 5 years at 82 West Clark Street
Wallingford, CT
- Leased 72,000 square feet to Graybar Electric for 5 years
at Medway Distribution
Center, 25 Research Parkway.
Middletown, CT
- In contract to purchase 13 acres of land in Middletown, CT,
closing in January 2006.
Hesperia & Victorville, CA
- Purchased 145 acres of land in Hesperia, CA.
- In contract to purchase of 160 acres of land in Victorville,
CA, closing in January 2006.
El Paso, TX
- Sold 1,000,000 square foot building in El Paso Texas for $26,175,000.
Bloomfield, CT
- Leased 25,000 square feet to Geissler's Supermarket, including
a 6,460 square foot
addition to the building by the tenant, for 10 years at 38-40
Tunxis Avenue.
- Leased 10,000 square feet to Kiddie Academy for 10 years at
38-40 Tunxis Avenue.
- Leased retail space to Yakety Yak for 5 years at 38-40 Tunxis
Avenue.
- Leased retail space to Allstate Insurance for 5 years at 38-40
Tunxis Avenue.
Danbury, CT
- Leased 4,050 square feet to Universal Church for 1 year at
330 Main Street.
Renewed the lease for 3,700 square feet to the State of Connecticut
for 5 years at
330 Main Street.
Brookfield, CT
- Renewed the lease to Brookfield Martial Arts for 2 years at
265 Federal Road.
Lewisboro, NY
- Sold Putnam Realty land parcels in Lewisboro, NY for $550,000
and $525,000.
Elyria, OH
- Leased 107,000 square feet to TNT Logistics for 3 years at
745 Gateway Boulevard.
- Leased 70,000 square feet to Elyria Foundry for 10 years at
745 Gateway Boulevard.
- Leased 26,000 square feet MP&A for 3 years at 745 Gateway
Boulevard.
Indianapolis, IN
- Purchased a 632,000 square foot former RCA industrial building
at 7900 Rockville Road.
- Purchased an office building in Indianapolis, IN.
Development Projects in Progress
- Wall Street Redevelopment, Norwalk, CT
Awarded designated developer status for the redevelopment of
Parcel 3 in downtown Norwalk., This $50,000,000 project includes
approximately 180 residential units, 15,000 - 20,000 square
feet of retail space and municipal/private parking garages.
- Former Katharine Gibbs School Condominium Complex, Norwalk,
CT
Worked with AD Phelps organization for the design and approvals
for the 36 unit luxury condominium development at 142-144 East
Avenue. Construction to begin spring 2006.
- Millennium Business Park, Middletown, CT
Assembled 115 acres of land in Middletown, CT just off of exit
20 on Interstate 91. The project will consist of approximately
850,000 square feet of industrial space, of which 230,000 square
feet is existing with several build-to-suit projects in various
stages of approvals.
- 297 George Street, New Haven, CT
Completely remodeled a 7-story apartment building in the heart
of downtown New Haven. The improvements include repainting the
building, new windows, new HVAC units, redesigned lobby, enclosed
the garage, and elevator refurbishment.
The Consulting/Brokerage Group headed by Joseph Breault, Sr.
SIOR completed the following property sales: Sold a 325,000 SF
building located at 199 Park Road Extension, Middlebury, CT for
$3,400,000.
- Sold a 170,000 SF building located at 1 Kennedy Avenue, Danbury,
CT for $8,000,000.
- Sold a 20,000 SF building located at 1 Testa Place, Norwalk,
CT for $2,000,000.
The total square footage of buildings leased, acquired, and sold
in 2005 is approximately 3,000,000 square feet.
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