New London, CT - Timothy Londregan and Chuck Ambulos of Londregan Commercial Real Estate Group were the sole brokers in the sale of 326 State Street, New London, known as the Ash Building. The 20,500 square foot mixed use commercial structure is next to the New London City Library and opposite the Garde Theatre. The property was built in the 1950’s, and supports retail stores on the street level, legal and accounting offices on the second floor, and a lower level that once housed a bowling alley has since been removed.

The seller is a partnership of several heirs and estates of longtime owners who were prominent residents and businessman from the city. The buyer, Espasia Kanabis, is a local investor.

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.