First Fuel Oil Expands in North Haven

0:00First fuel oil in North Haven just expanded its turf with a $2 million grab on an industrial building right next door. The deal closed this week for the spot at 118 Quinnipiac Avenue, boosting their local operations. Tied to bosses Roger and Michael Rossi, who run the fuel company next door at 120 Quinnipiac, the purchase covers a nearly 50,000. Squarefoot's structure from 1969 with later add-ons on 6.8 acres. Broker Jack Hill from Seabury Hill Realtors says they'll carve out space for their swelling truck fleet and lease the rest, keeping cash flow tight. While growing, the property pulled four offers in just two weeks of winter marketing thanks to sky-high demand for small to mid-size industrial spots where rents sit below market rates. Market's staying red hop for these spaces, so first fuel oils locked in prime position to roll with the expansion wave in North Haven. That's the story for today, Hartford News Today, driven by AI.