New London, CT - The former Pizza Hut property on Colman Street has been purchased for $190,000 by city businessman Samuel Rogovin, who in addition to owning Rogovin Allied Moving and Storage in New London is a real estate investor and landlord throughout the region.

Timothy Londregan on Londregan Commercial Real Estate Group and Norman Peck III of Pequot Commercial co-brokered the sale of 361 Colman Street. The property, originally constructed for Pizza Hut, most recently was a nightclub, which has since closed.

Rogovin plans to improve the building and may transform it to a retail use, according to Londregan who represented Rogovin in the transaction. The former Pizza Hut is one of two scheduled acquisitions of area property by Rogovin. He owns more than 10 acres of land on Colman Street and already is the owner of the Colman Street properties leased to MacDonalds, Taco Bell and Nissen Bakery. Rogovin hired Londregan to negotiate with several nationally recognized restaurants, automobile dealers and retailers for the various available sites.

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.