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R. CALABRESE AGENCY, LLC SELLS HOTEL SITE TO COURTYARD by MARRIOTT FOR $1,375,000

February 17, 2017

 

For Immediate Release

 

The R. Calabrese Agency,  LLC of Waterbury, CT Completes $1,375,000 SALE TO COURTYARD BY MARRIOTT HOTEL

 

Southington, CT…Tony Valenti and Ralph Calabrese of the R. Calabrese Agency, LLC has sold 3.00 / - acres of vacant commercial property to AVA Development, LLC. This property is strategically as well as conveniently located on the West Street (Route 229)corridor, less than one-quarter mile from exit 31 of I-84 in Southington.  The new owner will commence construction on a Courtyard by Marriott Hotel, with ground breaking scheduled for spring 2017.  The property shares the local market with ESPN,Stanley Black & Decker, Amtrust, COCC, Webster Bank, Lake Compounce, Lincoln College, and retail tenants including; Lowe’s Home Improvement, Target,Michaels, Homegoods, Chips Restaurant and a variety of new general and medical office.  The soon to be constructed hotel will provide another quality lodging alternative to business and leisure guests who live and work in Southington and the surrounding communities.

 

Th seller was S&G, LLC and the R. Calabrese Agency, LLC was the sole broker involved in this transaction. 

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