The industrial real estate sector in continues to show improvement in the Fairfield and New Haven Counties respectively. The retail and office sector has shown some minor improvement but nothing compared to the industrial side of the industry. Although Connecticut has endured a poor showing in the national debate for which state in the country… [Read More]
News
BLOG | If Fighting Over the Thermostat in Your Office Is a Daily Struggle, a “Smart Building” Might Be the Solution
If fighting over the thermostat in your office is a daily struggle, a “smart building” might be the solution. It is hard to dispute that a big point of contention between colleagues is the temperature of their communal workspace. Not only does it depend on people’s individual tolerance, but also sections of the building have… [Read More]
Stellar Gold Coast Investment Opportunity!
Robert Lewis, Partner at Vidal Wettenstein LLC, is proud to announce the re-listing and new aggressive pricing on his exclusive offering at 877 Post Road East. This prominently located retail center, now known as Sherwood 877 Plaza, consists of over 30,000 square feet, is directly accessible from exit 18 off I-95 and centrally located on… [Read More]
BLOG | An Expanding Set of Skills for Commercial Brokerage
Randy Vidal: Founder and partner, Vidal/Wettenstein LLC Industry experience: 50 years Randy Vidal has kept a finger on the pulse of southwestern Connecticut’s commercial real estate market for nearly half a century. Vidal is one of five partners at Vidal/Wettenstein, a Westport-based brokerage that focuses on leasing, investment sales, exchanges and consulting in Fairfield and… [Read More]
Wind River Environmental Has Leased Space at 154 Enterprise Drive in Monroe, Connecticut
Monroe, CT., It was announced today that Wind River Environmental has leased the remaining available space at 154 Enterprise Drive in Monroe, Connecticut, the term of the lease was for ten years. The building was recently constructed to accommodate the owner, Eastern Land Management Company of Stamford, which needed expansion into this region of Connecticut. ELM… [Read More]
Westport Professional Office Building Sells for $1,150,000
A local Westport based developer recently purchased a freestanding 4,000 square foot professional office building at 29 East Main Street in Westport. The building, located in a charming professional neighborhood near Compo Shopping Center, sold for $1,150,000 and closed at the end of June. The developer plans to renovate the building to set up an… [Read More]
BLOG | The Impact of Natural Disasters on Commercial Real Estate Transactions
Superstorm Sandy was a powerful storm that slammed the east coast in the fall of 2012. It devastated the northeast coastline which now remains forever changed. In New England alone, it caused nearly $400 million in damages while costing New York City $19 billion. Post Super Storm Sandy, FEMA; the Federal Emergency Management Agency, cast… [Read More]
Westport Professional Building Sells for Nearly $300 per Square Foot
Local Westport based developer, 29 E. Main Westport LLC, purchased a freestanding 4,000 square foot professional office building at 29 East Main Street in Westport. The building sold for $1,150,000 and the deal closed at the end of June. The developer plans to renovate the building to set up an office for their own operations… [Read More]
Stratford Flex Building Sells for $1 Million
STRATFORD PROPERTY SELLS FOR $1.045 MILLION Vidal Wettenstein helps tenant buy the building WESTPORT, June 12, 2018 – Kubtec Digital X-Ray has purchased a freestanding building at 111 Research Drive, Stratford for $1.045 million. Bruce Wettenstein, a partner at Vidal/Wettenstein represented Kubtec Digital X-Ray, a tenant in the Stratford building. It was purchased from 111… [Read More]
Connecticut Renaissance Establishes Corporate Headquarters in Shelton, CT
Recently Connecticut Renaissance has established its Headquarters in an easy-to-reach, convenient location at One Waterview in Shelton, CT. Randy Vidal of Vidal/Wettenstein on behalf of Connecticut Renaissance negotiated their new 8,000 square foot corporate headquarters. Joseph Coci of Mountain Development represented the Owner’s. For forty years the heart of the mission at Connecticut Renaissance, is… [Read More]
Q-Tran Finalizes Expansion in Milford, CT
Q-Tran, a leading innovator of transformers for lighting and producer of LED lighting solutions has recently finalized its second expansion at 155 Hill Street in Milford. Adding a new state of the art production line for LED lighting products. Randy Vidal of Vidal/Wettenstein represented Q-Tran in negotiating the 41,000 square foot lease with the Owner’s,… [Read More]
R D Scinto Purchases Land for Retail Center in Shelton, Connecticut
Shelton, CT., It was announced today that the R D Scinto Company has purchased the 2.83 acre parcel of land from 900 Shelton Plaza Associates for the construction of a 27,000 square foot retail center. The price was $1,500,000 or just over $530,000 per acre. The property had originally been approved for a hotel site,… [Read More]
Bruce Wettenstein, SIOR, Has Received the 2017 CoStar Power Broker Award
Vidal/Wettenstein LLC is proud to announce that Bruce Wettenstein, SIOR, has received the 2017 CoStar Power Broker Award! This honor is granted to those based on their overall volume of transactions as compared to other brokers in the market. Bruce’s impressive career spans over 40 years, over 350 million in commercial transactions, over 20 years… [Read More]
Our Firm Has Listed for Sale and Lease, the 115,000 Square Foot Industrial Building Located at 7120 Main Street in Trumbull
Trumbull, CT, Vidal/Wettenstein is pleased to announce our firm has listed for sale and lease, the 115,000 square foot industrial building located at 7120 Main Street in Trumbull, Connecticut. The concrete tilt up constructed facility was built for the D. M. Reads warehouse, and over the past 25 years has been occupied by United Healthcare as… [Read More]
Scott Zakos, Partner of Vidal/Wettenstein LLC Announced that Hawkwood Game Cafe Is Opening for Business at 50 Broad Street
Milford, CT Scott Zakos, Partner of Vidal/Wettenstein LLC a commercial real estate firm announced that Hawkwood Game Cafe is opening for business at 50 Broad Street this Friday, January 12th. The 1,450 square foot Cafe will feature over 300 games for kids and adults, and a full menu of snacks and drinks to enjoy. “Come… [Read More]
Local Monroe Company Expands
Monroe, CT – It was announced that A & B Mechanical Company has purchased the industrial property at 588 Pepper Street in Monroe. The company has relocated to the 12,800 square foot building from a leased property only a mile away. The building formerly housed the Proudfoot Company which is an industry leader in the… [Read More]
Commercial Office Activity Report
Office Lease Deals All Classes SF Office Leased All Classes Q1- Q3 2017 2016 2017 2016 Westport 34 43 70,673 131,987 Norwalk 59 57 280,773 369,617 Fairfield 15 16 23,159 24,444 Stamford 94 121 912,979 829,941 Bridgeport 9 17 14,986 48,223 Greenwich 52 41 214,284 211,687 Trumbull 6 7 12,712 14,614 Shelton 26 28… [Read More]
600 Pepper Street Leases to Parkside Utility
Monroe, CT – It was announced today that the commercial real estate firm of Vidal/Wettenstein has leased the 600 Pepper Street property in Monroe to Parkside Utility. The company provides full service infrastructure construction, specializing in the design, installation, and maintenance of aerial and underground telecommunication systems throughout the northeastern United States. Parkside has been contracted… [Read More]
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