
Steady Shoreline Investment: Brewery & Cheese Shop Keep Operations
About this episode
Steady Performer: Connecticut Shoreline Building Sells for $1.8M, Tenants Stay Put - A commercial building in Groton, home to Beer’d Brewing and Mystic Cheese Company, sold for $1.8M. The new owner, Hartzito Properties West LLC, sees it as a stable income generator. The sale ensures both businesses continue operations, showcasing the value of reliable commercial properties.
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Hartford News Today | 2 Min News | The Daily News Now! — Steady Shoreline Investment: Brewery & Cheese Shop Keep Operations. Machine-transcribed; use the interactive transcript above to jump the player to any line.
A building on Connecticut shoreline just changed hands for $1.8 million and the good news is both businesses inside are sticking, around. We're talking about 225 Leonard Drive and Grondon, home to Beard Brewing and Mystic Cheese Company. O-R-N-L commercial, handled the deal and confirmed the tenants aren't going anywhere. The seller, Library Hill LLC, decided it was time to cash out on the steady performer while the buyer, Hartzido Properties West LLC, snapped it up. As a solid income generator, they marketed it straight up as a stabilized investment, no disruptions needed. Local folks and business owners are breathing easy since the brew pub and cheese spot get to keep pouring and slicing without missing a beat. It shows how these shoreline spots hold value when they're already humming with reliable operations. Luke Mysterio from O-R-N-L, rep the seller exclusively and his colleague, Jay Morris, brought the buyer to the table making the whole transaction smooth.
This sale highlights how smart investors are eyeing stable commercial plays right now, keeping the local economy bubbling along just fine. This has been Hartford News today, powered by AI. I'm Corey with the story.
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