Londregan and Pequot broker $520,000 land sale
Londregan Commercial Real Estate Group represented the seller Dunn Associates of Niantic, a local Real Estate Developer. The Buyer, Paradise Properties of Oakdale was represented by John Jensen of Pequot Properties of Waterford. The entire 11-acre parcel was successfully co-branded by Londregan with Applebee’s Neighborhood Bar and Grill and Ledgelight Federal Credit Union. The new Hampton Inn has 80 guest rooms located on Long Hill Road in Groton, CT.
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.