Barbara L. Pearce, Chair and CEO of Pearce Real Estate, is pleased to announce that Senior Commercial Broker Carl Russell has added to his extensive list of professional awards and accomplishments.
Last month Russell received the New Haven Middlesex REALTORS® Commercial Investment Division (CID) 2022 Deal of the Year Award Spirit of CID Award Retail Sale, an honor he shared with Michael Richetelli, president and designated broker of Colonial Properties. Russell represented the buyer, Carlson Road Limited Partnership in Woodbridge, and Richetelli represented the seller, General Asset Company, LLC. of Orange, in the sale of a building at 968 Chapel Street in New Haven. This was the replacement property in a Section 1031 Exchange that Russell brokered for the buyer after selling their property on Carlson Road in Orange.
The 9,250-square-foot property is in a prime location in downtown New Haven. It housed the first-ever Ann Taylor women’s apparel shop, which closed in 2020. The investment property sold for $2,795,000.
Russell and Richetelli received their Deal of the Year Award at an annual CID awards dinner held at Amarante’s Sea Cliff in New Haven, on March 23.
Russell is a Certified Commercial Investment Member (CCIM) and a member of the Society of Industrial and Office Realtors (SIOR). He has won multiple awards for his decades-long work in the commercial real estate profession, and he is a well-known and respected instructor in the National Association of REALTORS®’ Commercial Investment Real Estate CCIM program.
Throughout his career, Russell has served as president of the Greater New Haven Association of REALTORS® and as an Assistant Adjunct Professor of Real Estate at New York University. He continues to teach on the national level for CCIM. He is a specialist in investment analysis and offers his clients more than 45 years of experience in the commercial real estate profession.
Carl Russell can be reached at 203.783.9999 x102 or at crussell@hpearce.com.
