Commercial Investment Opportunity Just North of Clinton Crossing

36 Killingworth Turnpike, CLinton, CT

Dow Realty’s Jim Bussman has listed a retail / mixed use property on Route 81 in Clinton ¼ mile north of Clinton Crossing. The property is bank owned and reasonably priced – especially when considering this high traffic location. Professional offices, additional retail business or built out as residential apartments are some of the attractive investment options envisioned.

The building is 13,734 SF on 1.437 acres, plus an additional lot of 0.4 acres of land. Current tenants include a deli and nail salon. A 4,200 SF former daycare space is currently vacant.

The property at 36 & 36B Killingworth Turnpike is attractively priced for sale at $495,000. Contact Jim Bussman to discuss this premium opportunity.

Use Value Over Price to Navigate an Uncertain Commercial Real Estate Market

“How’s the Real Estate Market?” is a question I’m asked frequently. I’m asked this in social situations, at business meetings, and by clients. The only truly accurate answer is “It Depends”. It depends on the type of real estate: office, industrial, flex, retail, or investment. The commercial real estate market is very segmented and inefficient so you really need to look at each individual project or property in relation to similar alternatives or competing properties.

One of the reasons this market has been difficult to navigate is that there has been a decrease in the number of transactions, especially on the sales side, and leasing transactions are not typically public knowledge. This leads to uncertainty in reading the market. Market decisions depend on criteria such as location, but these days more than ever, they depend on quality and value.

Value does not mean price. A building sold for $4.5 million five years ago doesn’t necessarily mean $2.7 million is a good deal for it today. And paying a higher price for a building today than it sold for five years ago may still be a good value. Value is driven by location, the utility of a property to its occupants, the quality of its tenants, features and quality of construction, and many other factors specific to a particular property.

To navigate this market successfully you must do your research and determine value in evaluating a lease, purchase, or sale. Utilizing a trained and experienced real estate broker with insight into a specific commercial real estate market is key to assuring that you are considering all the variables that impact value. This will steer you away from some of the problems we see in the news that are created by decisions based on price.

Dow Realty Recognized for Largest Industrial Lease in 2010

The Greater New Haven Association of Realtors, Inc. Commercial Investment Division (CID) has recognized Jeff Dow of Dow Realty for achieving the largest industrial lease agreement amongst its members in 2010. Dow represented the leasee, Brook and Whittle Limited of North Branford, in its long term lease of 69,128 SF of industrial space at 20 Carter Drive, Guilford, CT.

The Greater New Haven Association of Realtors represents over 2,000 agents in the region. The CID is a group of Commercial Real Estate Brokers and Agents that create networking, education and cooperative opportunities amongst its members. Jeff Dow was awarded its “CID Rising Star” award in 2008.

E. Tyler Della Valle Appointed Chair of the Greater New Haven Association of Realtors

E. Tyler Della Valle of Dow Realty Company has been named 2011 Chairman of the Greater New Haven Association of Realtors. In addition to fulfilling the responsibilities of the position, Della Valle is urging the Membership to leave a larger mark on the communities they serve. Specifically, Della Valle has pledged to organize the Board’s members to work closely with the local Habitat for Humanity Greater New Haven organization. Della Valle has volunteered his time on several New Haven area house building projects and joined a Habitat for Humanity build in the 9th Ward of New Orleans.

The Greater New Haven Association of Realtors is made up of over 2000 agents. The organization provides education, marketing services and networking opportunities for its members and sets standards of professionalism for the industry. It also provides college scholarships and public education about real estate matters through The Real Estate Foundation, Inc.

Brook and Whittle Limited Expands in Guilford

Brook and Whittle Limited of North Branford is expanding its printing and packaging solutions business by opening a new facility in Guilford. Dow Realty represented the company in its long term lease of 69,128 SF of industrial space at 20 Carter Drive, Guilford, CT. The facility was formerly occupied by C.R. Gibson Greeting Card and recently the temporary home of the Guilford Free Library.

Brook and Whittle is a leading company in the design and printing of packaging, labels and shrink sleeves for the personal care, beverage, food and household goods industries. The move to Guilford supports their rapid growth since the company’s start in 1996. Dow Realty is proud of its association with Brook and Whittle and congratulates them on this expansion.