AVON, CT – Cronheim Mortgage has arranged $1,200,000 in financing for a single-tenant retail property at 336 West Main Street in Avon, Connecticut. Built in 2002, the subject property consists of 4,500 square feet and an additional 1,050 square feet of outdoor patio. The subject property includes approximately 131.48 feet of continuous frontage along the north side of West Main Street (U.S. Route 44). There are 17 parking spaces located directly on the site and the Subject is also contiguous to two shopping centers with which it shares parking and access. The loan has a ten year term based on a 25 year amortization schedule. Cronheim acts as mortgage correspondent and servicer for the transaction.

The subject is occupied by Stonewall Kitchen LLC, a producer of gourmet and specialty foods, based in York, Maine. The company was established in 1991 and has become known for its specialty foods selection. It also manufactures and sells kitchen cookware, home and garden accessories, and gourmet and specialty gifts, as well as offering unique cooking classes. Today, Stonewall Kitchen boasts over 6,000 wholesale accounts nationwide, thriving catalog and web divisions and eight company stores. The entire product line continues to be one of the most awarded in the industry year after year. Plans are being developed to open more company stores in New England and to continue to grow all divisions.  

The subject property is located on the westbound side of U.S. Route 44 (West Main Street), approximately 9 miles west of Hartford in Avon, Hartford County, CT. U.S. Route 44 is a major four-lane roadway that serves as the primary traffic artery in the area, providing direct access from Hartford’s affluent western suburbs into the capitol city. It runs 10.28 miles from Bridgeport to Thorofare, intersecting with U.S. Route 130 at both ends. The Subject has great visibility from Route 44, enjoying 131.48 feet of frontage, and is highly accessible from both directions. Situated at the busy intersection of West Main Street and Fox Hollow Road, the Subject is located next to a free standing CVS, which is adjacent to the Avon Marketplace, also recently financed by Cronheim in a separate transaction for $21 million. Tenants in Avon Marketplace include Banana Republic, Sharper Image, Starbucks, Victoria’s Secret and Yankee Candle. The location offers convenient traffic light access at U.S. 44 and Fox Hollow Road, giving the Subject great exposure to passing shoppers and commuters.