COLLIERS DOW & CONDON BROKERS $18 MILLION SALE OF FORMER THEATER

ORANGE, CONN. — The Hartford, Conn., office of Colliers Dow & Condon has brokered the sale of the former Showcase Cinema located at 110 Marsh Hill Rd. in Orange for $18 million. Nicholas Morizio and John Cafasso of Colliers represented the buyer, South Norwalk, Conn.-based Summit Development dba Summit Orange LLC, as well as the undisclosed seller. The buyer plans to redevelop the property into a new 350,000-square-foot regional service center for The United Illuminating, which acquired the property from Summit in a subsequent transaction. Colliers Dow & Condon has three additional Showcase Cinema locations under contract to Summit Development for retail development.