Londregan brokers $575,000 1.75 acre sale to Applebees
Londregan represented the Seller, owner/developer Dunn Associates, of the site on Long Hill Road in Groton, considered the gateway to Groton, in the sale of the corner parcel to TLCannon, the Connecticut franchisee for Applebee’s Neighborhood Bar and Grille.
Groton, CT - Applebee’s Neighborhood Bar and Grill has a new restaurant on Long Hill Road. The 1.75 acre site was recently sold by Londregan Commercial Real Estate Group for $575,000.
The seller, Dunn Associates, of Niantic, a local real estate developer, along with Londregan Commercial, has successfully co-branded the entire 11 acre parcel with Hampton Inn and Ledgelight Federal Credit Union. The road widening and traffic light installation is being completed by Dunn Associates.
The seller was represented by Timothy Londregan, of Londregan Commercial Real Estate Group, and Paul Geraghty, Esquire of Andrews, Quinn, Cosgrove and Young, New London.
The buyer, TL Cannon, based in Ponte Verde Beach, Fla., was represented by The Partners and by Win Gartner, Equire.
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.