North Haven, Orange Properties Bought By Investors


North Haven’s Broadway Square Plaza recently sold for $3.9 million to an investor.

The 30,000-square-foot, mixed-use property contains retail, office, medical and residential units. Michael Richetelli and Tom Doylewere, of Colonial Properties Inc., brokered the transaction and represented the seller, Broadway Medical Assoc. Inc.

The former Bernie’s Appliance building in Orange also sold recently to an investor for $1.325 million.

The property consists of 26,000 square feet of freestanding retail space on 1.5 acres. Richetelli brokered the transaction and represented the seller, Orange Post Road Realty LLP.

“These two investment sales represent a healthy climate and strong finish to 4Q 2015; we expect activity to continue to be brisk to start 2016,” Richetelli said in a statement.



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North Haven, Orange Properties Bought By Investors

by The Commercial Record time to read: <1 min
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