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Press Cuozzo Arranges $10M Sale


             HAMDEN, CT – Stephen Press, SIOR, Principal of Press/Cuozzo Commercial Services, is pleased to announce that he and Senior Advisor Ted Schaffer have completed the off-market sale of the Hamden Center II complex, consisting of an 80,000 SF Class A Office Building and 20,000 SF of retail space located at 2321 Whitney Avenue, in the business center of Hamden, CT.

            The seller, Hamden Realty Associates, LP, had owned the property for 20 years and has compiled a tenant list of some of the area’s most distinguished business names. The buyer, HC2, LLC, is a Schaffer family entity which has for over four generations developed, owned and operated real estate throughout New Haven County. Brian Enright of Halloran & Sage represented the Seller and Matthew Susman of Cohen & Wolf represented the Buyer.

            Ted Schaffer has indicated that the sale of this property is a significant transaction due to its size, as well as its validation of the Greater New Haven market area, the quality of the buildings involved and the strength of the Hamden Center location. Press represented the seller and Schaffer represented the buyer in this transaction.

“This sale shows the confidence that investors have in the Town of Hamden. This property is one of our finest and we look forward to working with new owner to bring more retail and professional office success to the center”, stated Dale Kroop the Director of Economic Development and Neighborhood Revitalization.

            Press/Cuozzo Realtors, with offices at 2751 Dixwell Avenue, Hamden, CT, has been serving the Greater New Haven area since 1990.  Press/Cuozzo is known throughout New Haven County as an innovative and aggressive force successfully marketing all types of properties.  Press/Cuozzo Realtors provides the services of a Commercial/Industrial Division as well as Residential Brokerage Services, Relocation Services, and Senior Real Estate Services.

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