Commercial Real Estate News
Landlord & Tenant Representation
Angel Commercial Inks Deals in Top Commercial Real Estate Market Sectors
FAIRFIELD COUNTY, CT – NOVEMBER 26, 2018 – Southport-based commercial real estate firm, Angel Commercial, LLC, is pleased to announce the following transactions in all three of the top commercial real estate market sectors: office, retail, and industrial.
“Although the office segment is going through significant changes, there is still a strong market for small to mid-size office space,” states Jon Angel, President of Angel Commercial, LLC.
Dr. Patrick Fratellone has leased 2,160 SF of medical office space at 1817 Black Rock Turnpike in Fairfield, CT. Angel Commercial represented the landlord, 1817 Black Rock Turnpike, LLC, in this transaction. “Dr. Fratellone is a New York City-based cardiologist who is expanding his practice, Fratellone Medical Associates, into the area,” states Jon Angel. “1817 Black Rock Turnpike is in a convenient location for a medical practice since it is strategically situated between both I-95 and the Merritt Parkway. “
Nathan Accounting Group, LLC, has leased 1,696 SF of office space at Tide Mill Landing, 2425 Post Road in Southport, CT. Brett A. Sherman, CCIM, Senior Vice President of Angel Commercial, was the sole broker in this transaction. “The newly expanded Southport offices are minutes from I-95 on the Post Road, which is an ideal location for clients and employees,” states Sherman. Headquartered in Avon, CT, Nathan Accounting Group, LLC provides full-service tax, accounting, bookkeeping, and business consulting services.
“While many national retail chains have found the market challenging in recent times, we were able to secure new tenants to fill their space,” notes Jon Angel. “Many of today’s new retail tenants tend to provide a product or service that cannot be obtained through online shopping channels.”
The Post Road Dry Cleaners signed a long-term lease for 2,393 SF at the Fairfield Shopping Center at 909 Post Road next to Jenny Craig and recently relocated their store from the Rings End Plaza. Angel Commercial was the sole broker in this transaction. “This was a smart move for Post Road Dry Cleaners since they were able to double their space, and improve the store’s accessibility and parking,” states Jon Angel.
Coastal CT Design, LLC (d/b/a AR Workshop) has leased 2,000 SF of retail space at the Fairfield Shopping Center at 869 Post Road. Jon Angel represented the landlord, Post Benson Corporation. AR Workshop is a boutique DIY studio that offers hands-on classes for creating custom home decor from raw materials. “This is their first location in Connecticut,” states Jon Angel. “The Fairfield Shopping Center, with Bob’s Stores as the anchor tenant, is an ideal spot for this type of studio due to the easy access and abundant parking.”
Shiraz Choudhary of Rocky Hill, CT, purchased a freestanding retail building on 0.20 acres at 730 Brooklawn Avenue in Fairfield, CT, for $500,000 from Osprey Properties, LLC, of Denver, Colorado. Ron Agababian, Vice President of Angel Commercial, was the sole broker in the transaction. “This property, located across from the Brooklawn Country Club and next to the Brooklawn Liquor Store, was previously used as a gas and service station,” states Agababian. “The new owner plans to renovate the building and add a convenience store while providing gasoline sales.”
“The industrial market remains active,” states Jon Angel. “37 Eastern Steel Road in Milford has been leased to First Light Energy, Inc.” Angel represented both the tenant and the landlord, Connors Properties, LLC, in this transaction. First Light Energy is a renewable energy firm that helps residential and corporate customers reduce their electrical energy consumption and carbon footprint through advanced, turn-key solar energy systems.
Angel Commercial, L.L.C. is a full-service commercial real estate brokerage firm that specializes in the acquisition, disposition, and leasing of office, industrial, retail, multifamily, development, and investment properties on a local and national level. They are the recipient of CoStar’s Power Broker Firm Award for 13 consecutive years. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.