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HILL'S GALLERY

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Welcome to tomhill.com.  We hope your visit to "Hill's Gallery" educates you to our skill set and some of our contacts.  Tom has 26 years experience in all phases of commercial real estate.  

Tom can be reached @ 203-755-HILL (4455).   

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The CCIM Chapter Annual Dinner was held on October 22, 2008 at Signatures Restaurant in Waterbury, Connecticut.  The annual dinner featured installation of officers which will be lead by the new President, Jeff Ryer, CCIM/SIOR, of Ryer Associates Commercial Real Estate, Inc. 
 

CT. CCIM CHAPTER PHOTOS 

 

                                         

                      

                       

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As seen in every addition of the New England Real Estate Journal   & Shopping Center Journal   

www.nerej.com

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Tom recently facilitated an IREM panel discussion at the Hawthorne Inn, Berlin, CT.  Many groups in Connecticut hire Tom for his WATR radio background and his in depth knowledge of commercial real estate due to his CCIM and SIOR designations and the numerous transactions he has completed in his career. 

Pictured from left:  John Cafasso, CCIM; Charlotte Goldblatt, CCIM;
Tom Hill III, CCIM/SIOR; Noel Cooke, CPM and Mark O’Hagan, CCIM/RPA.  
 

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CT/W.MA Chapter Members at the Fall 2007 Quarterly Meeting

Tom networking with Connecticut's "best" SIOR office and industrial brokers.    

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Tom Hill III, broker for the Naugatuck Industrial Park, Eileen Bronko and Naugatuck Mayor Mike Bronko. [Dividing Line Image]

 

March 29, 2007 – STDBOnline Training

Top:  Alan Bolduc, Wayne D’Amico, CCIM, Tamara Peterson, Rich Guralnick, CCIM, Fred Petrella, CCIM, Steve Lopes, Bryan Atherton.  Bottom: Tom Hill, CCIM/SIOR and Charlotte Goldblatt, CCIM – Chapter President

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LEFT: TOM IS HAPPY AFTER FINISHING HIS 5TH
SANDY BEACH SPRINT TRIATHLON ON AUGUST 3, 2007. 

RIGHT:  TOM PLACED 2ND IN HIS AGE GROUP AT
THE NORTHFIELD 10K ON AUGUST 18, 2006.

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An IREM panel discussion and meeting was held on May 17th, in Meriden.
Pictured from left: Attorney Arthur Greenblatt, VestA Corporation;  Tom Hill III, CCIM/SIOR;   Noel Cooke, CPM, Phoenix Management Corporation and Peter Parrotta, CPM, of Parrotta Management.

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Coldwell Banker Commercial brokers met at Tom Hill’s house to discuss opportunities and  the opening of 2 new Coldwell Banker Commercial offices which are, Westchester and Fairfield County, and also discussed their participation at ICSC in NYC, as Coldwell Banker Commercial National will have a booth at the event. 

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The Naugatuck Chamber recently held a meeting at the Waterbury Courtyard by Marriott Downtown Waterbury, with guest speaker Alex Conroy, who discussed the development of Renaissance Place in Downtown Naugatuck, a project of the Conroy Development Company.   Conroy's plan is to create a mixed-use redevelopment of downtown Naugatuck incorporating historic buildings and parks into a live/work/play environment with a residential population, street level retail, restaurants, entertainment, business, and other compatible uses.

For more information, please go to:  http://www.naugatuckrenaissanceplace.com/

 Pictured from left to right:  Dave Prendergast; Anthony Edwards; Jack Lynch, CCIM, Tom Hill III, CCIM/SIOR,  Alex Conroy and Mayor Ron SanAngelo.

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Greenway Project in Waterbury

With the clean up of the Naugatuck River over the past several years, Waterbury community efforts are underway up and down the river to reconnect with this resource for both resource protection and recreational purposes. A greenway is planned for Waterbury and will span the length of the Naugatuck River which is 7.1 miles. 

 Pictured from Left to Right:  James Sequin, City Planner; Sam Gold; Dan Baroody, Wetlands Coordinator; Kathy Macnamara; Tom Hill III, CCIM/SIOR, Mayor Michael Jarjura and Todd Montello, WDC.  [Dividing Line Image] 

        Northwest Connecticut Property Tour  

  

 

               

 

 

 

 

PHOTO OF: Vance Taylor; Martin Smith, CBC Scalzo-Tom Hill Group; Joann Ryan from the NW Chamber; Christina Emery, Economic Development of Torrington;  Jack Lynch, CCIM;  Melissa Pasquale from CERC.

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Tom was a guest speaker at the recent Rotary Club meeting in Southbury.  If you’d like to book Tom for a future speaking engagement, please call Tom Hill @ 203-755-4455

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Jim DeRienzo and Tom Hill III, CCIM/SIOR met with the Governor Rell at a fundraiser for Mayor Ron SanAngelo, who recently won a re-election in Naugatuck.  Jim, who owns the Spirit Shop, is a sponsor of the tomhill.com.  Tom is active in Naugatuck, as he is the official broker of the Naugatuck Industrial Park and has 5 lots for sale in Park “B” as well as some existing building opportunities. 

 

 

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Mayor Michael Jarjura and "Tour of Connecticut" Bike Race

Tom was involved with the NW Tourism Bureau to bring thousands of people to Downtown Waterbury. 

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OUT SELLING TORRINGTON

 Coldwell Banker Commercial Scalzo-Tom Hill Group and Lighthouse Partners, hosted a “Spring Into Business” event in Downtown Torrington on May 6th.   This event was designed to promote and attract potential business to the downtown Torrington area, via a walking tour, showcasing available office space, newly renovated apartments, and create awareness of existing businesses and growth in the downtown area as well as attract new businesses and streamline the downtown efforts of revitalization.  

Pictured above: Seated from left to right: Muff Maskovsky, Tom Hill III, CCIM/SIOR and Mayor Owen Quinn.  Standing from left to right: Joann Ryan,  Doug Rose, Jack Lynch, Matt Lynch, Jennifer Amory and James Patrick.     

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Tom Hill III is the Official Broker for the Naugatuck Industrial Park

 

 Tom continues to work with all of the economic development commissions and corporations to assist them in economic growth, in both consulting and real estate brokerage.      

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Greater Waterbury's Only LOCAL Radio Station!
Local News...Local Issues...Local Business

The Many Talents of Tom Hill III 
WATR Economic Analyst/Talk Show Host/Guest Speaker

Tune In & Listen To.......... 

The Tom Hill Show
Every Friday - 9:30 to 10:00 AM

www.commercialrecord.com
www.nerej.com
 

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Tom Hill III, CCIM/SIOR and Jack Lynch, CCIM @ ICSC in Providence, RI.

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Brass City's Most Bullish Booster 

4/17/2006

By: Bonnie Blake/Business New Haven

Tom Hill, CCIM, SIOR, vice president of Coldwell Banker Commercial Scalzo-Tom Hill Group in Waterbury, may be the best-known Realtor in Connecticut.

What makes him so successful, Hill says, is that he is "good at closing the deal." He also excels at self-promotion, with an extensive Web site(www.tomhill.com) and his own radio show on Friday mornings on Waterbury's WATR (1320 AM). Hill says it is "important to promote yourself in this business as there is so much competition."  

Hill has more than 25 years of experience in commercial real estate, the last two and a half with Coldwell Banker Commercial. He covers greater Waterbury down through and including the lower Naugatuck River Valley, as well as east to Southington and west to Southbury/Newtown.

He has also been on the radio for two decades. On his radio show, Hill is often joined by in-studio guests such as community leaders, and fields questions from dozens of callers regarding real estate, community issues, or from "people who just want to vent."

Hill waxes enthusiastic about the future of the Brass City and beyond. He notes new developments including home-improvement giant Lowe's, which plans to build a 140,000-square-foot store with 535 parking spaces on an 18-acre parcel between Progress Lane and Captain Neville Drive near I-84. The plans also call for a restaurant on site.

In addition, Target Corp. is planning to build a store on the former Bradlees site at 300 Chase Parkway; and CVS has acquired a seven-acre parcel on West Main Street for construction of a new store and medical offices.

"Finally, Fairfield County growth is moving up Route 8," observes Hill. Waterbury and surrounding towns are even more affordable than those in the lower Naugatuck Valley. So developers looking for value are moving further upriver. As an example, Hill points to Electric Cable Compounds Inc., which will relocate its Seymour operations to 40,000 square feet in Naugatuck - a deal Hill put together with Steve Miller of New Haven's Levey, Miller & Maretz. 

Naugatuck, Hill says, is doing particularly well. Renaissance Place, a four-phase mixed-use commercial project on 60 acres downtown, is being developed by Fairfield-based Conroy Development and is reported to be the first energy-independent project in America.

In addition, 100,000 square of retail space will be developed on the site of the old FMP factory.

At the Naugatuck Industrial Park, for which Hill is the sole broker, only five lots remain. "I just sold two," he reports, "and have offers on the remaining three."

Hill exudes tremendous optimism about the Brass City's future. He points to the recently completed $30 million renovation and restoration of the historic 1920 Palace Theater. A production of Les Miserables recently played there, and the "place was packed with 2,800 people," says Hill. "Every time there is an event at the Palace, the restaurants downtown are jammed."

Other downtown anchors include the Waterbury campus of the University of Connecticut and the Arts Magnet School. The city is also experiencing great demand for space for medical facilities adjacent to Waterbury Hospital and St. Mary's Hospital.

The Main Street Waterbury program, a grassroots community organization focused on revitalizing downtown and preserving historic sites, has also been instrumental in improving the business climate in Waterbury, says Hill.  

The population of Waterbury grew by .08 percent (from 107,271 to 108,130) from 2000 to 2003, representing the largest growth rate in the Naugatuck Valley Corridor (NVC), which had been shedding population for years. However, the city also posted the highest level of unemployment at 8.02 percent, compared to 5.8 in the NVC and 4.9 percent statewide. Hill cautions that Waterbury is the only major city in the area and home to most of the poor and homeless.

As proof of how well Waterbury is doing, Hill points to the fact that the median sales price of homes in Waterbury rose 21 percent in 2005 to $144,900 - a run-up second only to Stamford. At that price point, he adds, housing in Waterbury is "still a great value in comparison with the rest of the state."

"Waterbury," says Hill, "is the gateway to Litchfield County - playground for New Yorkers. We have four colleges, great connections to the rest of the state on Route 8 and Interstate 84, and a good quality of life."

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New Owner Takes over part of Waterbury Shopping Plaza

By Quannah Leonard/Republican-American

WATERBURY - A Westport investor bought a shopping center off Bank Street for $10.7 million. The new owner has no plans to get rid of tenants The Sports Authority and PetsMart and simply wants to collect on their rent, according to Tom Hill III, a partner in Coldwell Banker Commercial Scalzo-Tom Hill Group, which represented the buyer. The investor asked the Waterbury realty company not to identify him. Starwood Ceruzzi Naugatuck, a Fairfield-based limited liability company, sold the center and closed the deal Thursday, Hill said. A transaction of this size bodes well for the city, Hill said. "Investors have confidence in Waterbury's budget and economy," he said. The city used to be considered risky because of its troubled financial and political past, but since an oversight board's involvement in its financial dealings, investors feel it is run more like a business and therefore worth a look, Hill said.

This is the first property for this investor to buy in Waterbury, said Douglas Rose, another partner with the realty group. The investor, who has holdings in Fairfield County, plans to buy more in the city, Rose said. The sale took about six months to close, Hill said.

The buyer initially approached the group's parent company - Scalzo Group Real Estate Services in Bethel - and was referred to the Waterbury office. Realtors brought the shopping center to the buyer's attention. It's believed to be the second-largest transaction in Waterbury since the site of the former Naugatuck Valley Mall, formerly owned by Starwood Ceruzzi Naugatuck, sold last September for $52.2 million, Rose said.

The shopping center is part of Waterbury Crossing, Hill said. The Home Depot across the street is a separate parcel and was not included in the sale. The property is about five to six acres and the building measures about 75,000 square feet, with The Sports Authority occupying about three-quarters of it.  Hill added the building also houses a veterinarian clinic, called Banfield The Pet Hospital, a sub-tenant of PetsMart. The investor has no plans to change the shopping center's appearance, but there may be a possibility of adding to the building, Hill said. No back taxes were owed on the property, Hill said. The buyer will pay a conveyance tax to the city and state, Hill said. The city is expected to receive about $53,500 and the state about $107,000.

Mayor Michael J. Jarjura said he had heard there was a strong interest in the shopping center. "It just proves Waterbury is turning the corner and is coming back in a very strong and dramatic way," Jarjura said. "We welcome the new investors. I'm sure that they will be very happy in their investments."

More investors are out there, according to Rose. The group has about five or six more investors looking for property in Waterbury.

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Market chosen for retail revival Former Everybody's picked for 3-building plaza for South End

Thursday, January 20, 2005

By David A. Smith

Copyright © 2005 Republican-American

WATERBURY -- A Waterbury developer wants to build a 28,800-square-foot retail plaza on the site of a former supermarket in the city's beleaguered South End.

Peter A. Francisco's proposal for Platt's Mill Plaza calls for investing about $2 million in a three-building retail complex at 1200 South Main St., a 4-acre site that includes the former Everybody's Market. The site lies about a mile south of downtown Waterbury and just south of Harvester Road.

"The South End needs something down there, and I'm willing to take a shot, a calculated shot," said Francisco, managing member of Waterbury-based P.A. Francisco Construction and Fran Environmental, a lead and asbestos removal firm.

Initial plans call for demolishing the former market, then constructing a 22,800-square-foot building set on the rear of the property and two smaller buildings -- 2,000 square feet and 4,000 square feet, respectively -- closer to South Main Street. Francisco enlisted Tom Hill III, a Waterbury-based Realtor with Coldwell Banker Commercial's Scalzo-Tom Hill Group, to market the property to users such as an auto parts store, a pharmacy, a discount store, Hispanic-owned businesses and other prospective tenants.

"As soon as we have a couple of tenants signed up ... I'd probably start construction," Francisco said.

His proposed investment comes amid other recent South End activity. Hometown Auto Retailers Inc. is moving its headquarters and other corporate operations into the company's former Shaker's Chrysler/Jeep dealership at 1131 South Main St., while a Torrington businessman plans to buy and renovate the former Grodel Inc. building at 1258 South Main St., just south of the Francisco's proposed development.

Clifford W. Burrell, who owns AVI International Inc. in Torrington, said he and his partners have signed a lease with an option to buy the roughly 14,000-square-foot building that housed Grodel, now a defunct screw machine shop. The group plans to develop what they call the Motor Sports Technology Complex.

"We are looking to basically become an incubator for small companies that are involved in supporting motor sports," Burrell said. The property needs environmental remediation, but he said the group plans to tackle that work.

"It's either that or the property never gets cleaned up," Burrell said. "We figured we'd grab this bull by the horns and see what we can do."

Francisco pointed to additional South End investments in recent years, such as construction of The Home Depot store and the Storage America complex off Bank Street and the June 2003 acquisition of the former Anamet Industrial Inc. complex for $1.45 million by a California businessman. Additionally, Yankee Gas Services Co. is investing $100 million in a new storage facility off Eagle Street.

"There's quite a bit of activity," he said. "I call the South End the diamond in the rough. With all of us pushing together, we could turn that end of town around."

Francisco said his family has owned the former Everybody's Market property for about six years. The nearly 21,000-square-foot building has been vacant for several years.

The market opened in 1956 as the largest store of its kind in the city, with parking for 200 cars, according to Republican-American archives. It closed in 1992, and two successors -- Food World and the SouthSide Supermarket -- lasted only months on the South Main Street site before closing.

The family also owns the former Diamond Ginger Ale building; built the South End Express Car Wash on South Main Street; developed River View condominiums during the 1980s, and built the Francisco Circle residential development off Sylvan Avenue in the late 1990s. Francisco is also managing member of Inner City Holdings, a limited liability company that is investing $500,000 to $600,000 renovating and building residential housing off River Street, he said.

"We've owned a number of properties down there over the years," he said. "We want to do something that's going to brighten up the area, that's going to spur other people to invest."

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Contact Information

Tom Hill III, CCIM/SIOR
203-755-4455
E-mail Address:  4thill3@optonline.net

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