Former IHOP & Ponderosa Sold by Londregan Commercial

Groton, CT - Chuck Ambulos of Londregan Commercial Real Estate Group was the sole broker in the purchase and sale of 527 Long Hill Road, the former Ponderosa restaurant and 184 Route 12, the former International House of Pancakes. Together, the properties sold for a total of one million dollars. The Seller, Dr. & Mrs. Paul Mali, have long enjoyed these in-vestment properties in their portfolio as the properties are located within one of the best business districts in Southeastern Connecticut. At a time when Groton and all of South-eastern Connecticut was faced with a distinct possibility that the United States Naval Sub-marine Base was going to close, Chuck provided the Buyer, Brenmore Properties, the incen-tive of investing for the future with both properties.

Londregan Commercial Real Estate Group is a full service brokerage firm located in Old Saybrook, Connecticut. While specializing in the retail and fast food site selection niches, Londregan Commercial is highly sought after for its marketing and closing abilities in all areas of commercial real estate. Retail and restaurant land sites, investment properties of all types, hotel and motel sites have also been an integral part of the firm's activity. For more information please visit www.londregan.com.