New Haven Register (New Haven, CT)
Two Milford commercial properties change owners
MILFORD — Two commercial buildings, one on Bridgeport Avenue and the other on Naugatuck Avenue, have recently changed owners.
Michael Richetelli, president of Orange-based Colonial Properties, Inc., announced the sales of 773 Bridgeport Ave. for $1.05 million and 240 Naugatuck Ave. for $780,000.
Richetelli said the 4,800square-foot commercial property at 773 Bridgeport Ave., the former home of PPG Paints, was purchased by 354 Woodmont Road, LLC. The site will soon be home to Duct Diagnostics, a company specializing in residential and commercial air duct cleaning.
4 for 4 Properties, LLC, purchased 240 Naugatuck Ave., a 7,500-square-foot banquet and restaurant facility.
“These two sales demonstrate the continued strong demand for owner/user properties that we are seeing in the commercial marketplace, especially in the industrial, service and restaurant sectors,” Richetelli said.
Richetelli said Milford is thriving as a desirable place to work and live “due to its close proximity to Fairfield County, favorable tax structure and shoreline accessibility.”