Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., is pleased to announce the completion of the following lease transaction.
Kevin Weirsman, Broker & Vice President of Colonial Properties, Inc. represented the Landlord, Bull Hill Associates, LLC in the leasing of 85,000 SF at 260 Bull Hill Lane in Orange, CT. The building, formerly occupied by Builders Square and prior to that, K-Mart, was leased to Urban Air Family Adventure Parks, a national franchise operation with over 40 locations. The tenant plans to open in May or June; the location will feature trampolines, laser tag and go-karts. Urban Air was represented by Andrew Callahan of Venture Retail Partners.
“This property had long been vacant and was another example of a growing trend of undesirable, hard to fill empty big box buildings in today’s changing retail landscape. We were pleased to lease the entire building to an alternate, entertainment tenant, which has proven an effective use for large retail vacancies“, said Richetelli
Colonial Properties, Inc., founded in 1978, is a full service Commercial and Residential Real Estate Brokerage, located in Orange, CT. The firm handles all types of real estate transactions including the sale and leasing of retail, industrial, office, investment properties, and residential properties, as well as brokering land and business sales.