Arnold Peck's Commercial World: New Haven Commercial real estate news

Current Happenings in New Haven County Commercial Real Estate

Two of the Area’s Most Respected Brokers With Nearly 90 Years Combined Experience Have Joined Forces! We'd like to welcome Caselli Commercial Properties.

Arnold Peck and Joseph Caselli have shared a personal and professional relationship for nearly 35 years. Some of their major projects have included the Hawley Glen Condos in Stratford, Mallard Brook Crossing on Coleman Street in West Haven, Savin Harbour Condos on Savin Ave. in West Haven, the Niantic Condos, Pelican Cove East and West in Woodmont section of Milford, and the Conversion of the Stratford Arms building to condos. This merger is a logical extension of that relationship. They are both looking forward to providing their clients with the most thorough, comprehensive and professional service available. Mr. Peck is elated to have them on the team and anticipates bigger and better transactions. “The merger of these two firms will allow us to provide even better and more extensive service and coverage. This opportunity will also allow our firms to expand their presence thoughout Connectict” according to Mr. Hoyt, broker from Caselli.

Food packaging Company:

According to the Hartford Courant newspaper, Inner Circle Fresh Foods is interested in acquiring and expanding 525 Brook Street, Rocky Hill, the former Connecticut Student Loan Foundation building. The property is presently a 65,000 square foot, multi story office building but would become a combination office and light assembly food packaging facility. (Click here for full article: Inner City Fresh Foods)

Train Station:

Long- awaited Train Station coming to Orange and West Haven, should help reduce commuter congestion and enrich area activity.

ICSC Convention:

Arnold Peck, Mark Glassman, Joan Miller, Sandy August and other Arnold Peck Commercial World associates marketed properties to the International Council of Shopping Centers attendees. Over 50,000 real estate professionals and developers attended the Annual ICSC Convention in Las Vegas. Guest speaker at the convention was Sarah Palin.

Local News:

P.C. Richard & Son opened its sixth Connecticut store in nine months, just a month after opening it's second locataion at the former Linens and Things on the Boston Post Road in Milford. The appliance and electronic retailer, with stores primarily in New York and New Jersey, has one Connecticut location in Norwalk. P.C. Richard & Son has been taking over former Circuit City stores. Richard said company officials looked at the former Circuit City in Milford, which is located in the WalMart Plaza, but decided on the former Linens and Things location because it is directly on Route 1. “We think it’s a more visible spot,” Richard said. “And we feel a free standing store is always better for us because we are more of a destination. The Linens and Things building has been empty since the store closed last winter. Community Development Director Robert Gregory said P.C. Richard is a perfect company to fill the empty store. “I think it’s a perfect fit for the location and for Milford,” Gregory said. “P.C. Richard has a name, they have the name and the whistle, that people here are familiar with. They’re family owned, and they pride themselves on customer service.” The building is expected to remain much as it is, with renovations focusing on the interior.
P.C. Richard & Sons sells appliances, televisions, audio and video equipment, computers, video games and similar merchandise.

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