About Colonial Realty
More Information About Us and Our Team.
In 1954, Joel Hausman and David Gorbach founded and led Colonial Realty. Since its inception, Colonial has grown into a powerful real estate brokerage, serving both Fairfield and New Haven counites, leading in both industrial and investments.
Led by David Flayhan, The Southpoint Group has aggressively grown in the commercial real estate industry since its formation in 2011. With a primary focus on Fairfield and New Haven counties, it dominated the local investment market.
In late 2018, Colonial Realty and The Southpoint Group of Norwalk CT joined teams and set up their new offices in Norwalk CT. The name of the company, after the merger, is COLONIAL REALTY, A SouthpoInt Group Company.
Our team is dedicated to deliver quality services and positive yields for clients during the full life cycle of their real estate assets. Utilizing our vast network of corporate executives, real estate developers and commercial brokers, Colonial can turnaround your transaction quickly and efficiently.
No matter your commercial real estate needs – buy, sell or lease – our commercial real estate experts have the local experience, market knowledge and passion to fulfill your requirements.
In October of 2011, David decided to venture out and create his own commercial real estate firm named The Southpoint Group LLC, after 12 years of working for another company. As a Commercial Realtor, he has proven to be an aggressive producer in both investment sales as well as office leasing. David’s portfolio consists of leasing more than 975,000 sq. ft. of space consisting of office, retail, industrial and R & D space. Concurrently, he is aggressively pursuing the marketing and sales of many investment real estate and development projects, which to date have an aggregate sale value exceeding $125,000,000. Recently, David has been involved in the handling of financial transactions for regional and national banks. A specialist in 1031 transactions, he has single handily made a market for tax deferred property exchanges for The Southpoint Group’s clients. David holds a Bachelor’s Degree from the University of Connecticut where he studied Business Management and Horticulture. He resides with his family in Norwalk, CT.
David is an industrial, office, and retail specialist. He has been a licensed real estate broker since 1979. David graduated Magna Cum Laude from Boston University in 1977 and attended the University of Bridgeport School of Law. He is a member of the Society of Industrial and Office Realtors (SIOR). Early in his career David trained under his father, Irving M. Gorbach, who founded Colonial Realty in 1954. David’s extensive experience and knowledge of the market has enabled him to sell and lease in excess of 20,000,000 square feet of space during his career.
For the past 35 years, Joel has been involved with all facets of commercial real estate brokerage and consultation. His expertise in real estate was built on a solid foundation developed from 15 years as a professional in the fields of accounting and finance. Joel has been a Director for the Bridgeport Economic Development Corp. and a member of the Regional Business Council since 1998. Joel’s firm adherence to high ethical standards combined with a personal commitment to each project with which he is involved has yielded over 20,000,000 square feet of successful transactions.
For the past 12 years working in real estate, Read has been aggressive in identifying opportunities and acting upon them resulting in real estate deals in both retail / office leasing and investment sales, which to date have an aggregate sale value exceeding $15,000,000. He joined The Southpoint Group, LLC with over 40 years of experience in the construction business as owner of his carpentry company, and management of Auerbach Properties. Living in Norwalk for the past 64 years he has obtained exclusive knowledge of the Fairfield County market.
Read has completed 40 years with the Norwalk Fire Department, and currently holds the rank of Captain. He is a member of The Shore and Country Club, The South Norwalk Boat Club and The Norwalk Catholic Club. Having served on the East Norwalk Improvement Association Board and currently is an Ambassador for The Norwalk Chamber of Commerce, Board of Director in The Marvin Beach Association, Board Member for The Shore and Country Club, and is on The Norwalk Republican Town Committee, he continues to be involved in the community. Read and his family enjoy boating and reside in East Norwalk, CT.
Tom Bonaventura joined The Southpoint Group in 2014 as a Vice President in the Commercial Real Estate Division. His focus is to provide leasing, investment sales and consulting services to commercial property owners, occupiers and investors throughout Connecticut. Prior to joining The Southpoint Group, Tom had a successful career in consumer products, with increasingly responsible positions in marketing and sales at some of the top consumer product companies, such as ConAgra, Bristol-Myers Squibb, Diageo, and Energizer. Tom has been buying and selling real estate for more than a decade and decided to pursue Commercial Real Estate as a full-time endeavor. He earned a bachelor’s degree in Business Administration from the University of Southern Maine and a master’s degree from Fordham University where he studied Marketing and Finance. Tom and his family reside in Westport, CT. When not pursuing real estate deals, Tom enjoys boating, skiing, and DIY home projects. Tom finds time to volunteer at Assumption Church in Westport.