December 13, 2019 – Robert Horvath, Todd Tremblay, and Matt Nadler of Horvath & Tremblay have successfully completed the sale of 190 Wallace Street in New Haven, Connecticut.  Horvath & Tremblay exclusively represented both the seller and the buyer to complete the transaction at a sale price of $760,000.

190 Wallace Street is occupied by United Refrigeration, which has occupied the site since 1999 and recently extended a gross lease for an additional 10 Year Term, with an annual increase of $0.75 per square foot.  United Refrigeration is one of the largest distributors of refrigeration, A/C and heating parts in North America.   The property is also leased to GoPuff, which recently signed a 5-year triple net (NNN) lease in July of 2019.  The property offers excellent access to the area’s primary Highways; I-95 and I-91, providing immediate access to downtown New Haven.

Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.