Real Estate Holding Company in Connecticut

Auction Sale of substantially all the assets of (i) Fair Haven Clam & Lobster Co., LLC (“FHC&L”), and (ii) CAAMM Properties LLC (“CAAMM”), including sale of real property and all of its business assets.
CAAMM and FHC&L are necessarily intertwined with CAAMM serving as the real estate holding company for the operating entity, FHC&L. More specifically, FHC&L is in the business of shellfishing and cultivating and harvesting shellfish. FHC&L owns boats and equipment utilized in its business and CAAMM owns real estate where offices, tanks, sorters and refrigeration equipment is housed and docks affixed to the real estate provide moorage for the fishing vessels. CAAMM and FHC&L are Connecticut limited liability companies and each company is owned 100% by the same sole member, Michael Fraenza.

(i) Real Property: Five (5) parcels of real property commonly known as: 263 Front Street, New Haven, CT, 265 Front Street, New Haven, CT, 269 Front Street, New Haven, CT, 520 Quinnipiac Avenue, New Haven, CT, and 524 Quinnipiac Avenue, New Haven, CT.

(ii) Business Assets: Sale of Assets described as below:
(a) Commercial fishing vessels, specifically:
i. 45' clam and lobster boa!, named the "Rock and Roll," with 490 HP diesel Engine;
ii 42' clam and lobster boat, named the "Michael & Christopher," with 580 IIP diesel engine;
iii 42' clam and lobster boat, named the "Angela Marie," with 600 IIP Detroit diesel engine;
(b) Fishing equipment, including: Spear pump, 2 spear winches, dredges, cable and blocks, gas heaters for boats, hardware, shovels, rakes, and brooms;
(c) Two clam sorting machines;
(d) Walk-in cooler;
(e) 10,000 gallon iobster tank system with full refrigeration and pump system, and more particularly described in Page no. 28 to 29 on the attached PDF.