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3.5 acre site sold to Hampton Inn in Groton
Londregan and Pequot broker $520,000
land sale
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| Shown (from left) are: Michael Dunn, Timothy
Londregan, John Jensen and Kiran Parekh, president of Paradise
Properties. |
Groton, CT - Hampton Inn has
begun construction of a new 80 guest-room hotel on Long Hill Road.
The 3.5 acre site was
recently
sold
by Londregan Commercial Real Estate Group and Pequot Commercial for
$520,000. The seller, Dunn Associates of Niantic, a local real estate
developer, along with Londregan Commercial, has successfully co-branded
the entire eleven acre parcel with Applebee's Neighborhood Bar and
Grill and Ledgelight Federal Credit Union. The road widening and
traffic
light installation is being completed by Dunn G Associates. The $14
million development project has been named The Gateway to Groton,
given its location on U.S. Rte. 1 just off I-95.
The seller was represented by Timothy Londregan of Londregan Commercial
Real Estate Group of Old Saybrook and Paul Geraghty, Esq.
of Andrews, Quinn, Cosgrove and Young of New London. The buyer, Paradise
Properties of Oakdale, was represented by John Jensen of Pequot Commercial
of Waterford and by Albert Speziali, Esq. of New London.
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. |
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