THE R. CALABRESE AGENCY, LLC OF WATERBURY, CT COMPLETES $1,200,000 SALE

Southington, CT -- The R. Calabrese Agency, LLC has sold 5.75 / - acres of vacant commercial property to Briad Lodging Group. LLC. This property is strategically located on the West Street (Route 229) corridor, less than one-quarter mile from I-84 in Southington, The new owners have already commenced construction on a Homewood Suites Hotel by Hilton, an upscale extended stay lodging alternative, and completion is anticipated in the third quarter of 2013. The property shares the local market with ESPN, Lake Compounce, Lincoln College, a new Lowe’s Home Improvement and Target anchored retail center, a variety of new medical office, including a new 30,000 square feet UCONN medical center satellite office, and is conveniently located to provide lodging to business and leisure guests who live and work in Southington and the surrounding communities.

The seller was Westcorp, LLC, and the R. Calabrese Agency, LLC was the sole broker involved in this transaction.

Westcorp, LLC has retained the R. Calabrese Agency, LLC to market a 1.0 /- acre pad site remaining on this property for ground lease or for lease as build to suit.