Stratford, CT – April 18, 2023 – Angel Commercial, LLC, a leading commercial real estate firm in Southport, Connecticut, has successfully brokered the sale of two adjacent properties at 1255 and 1297 West Broad Street in Stratford, CT, for a total price of $7,253,375 to West Broad Street Property Owner LLC.

Strategically located adjacent to I-95, next to Dunkin, with excellent accessibility and visibility, the properties are being developed by GFI Partners, a real estate developer, operator, and investment manager based in Boston, MA.  They are now set to create a 14-acre land assemblage fully entitled for a 231,000 SF one-story industrial warehouse with 38 loading docks, two drive-in doors, 36-39′ ceiling height, and 232 parking spaces.  The new address is 1265 West Broad Street in Stratford, CT, and the anticipated completion date for the new warehouse is in the second quarter of 2024.

“We are delighted to have successfully brokered the sale of these two properties,” states Jon Angel, President of Angel Commercial, LLC, who was the sole broker in the transactions and the listing broker for the new warehouse.  “The sale is a testament to the strength of the commercial real estate market and the growing demand for high-quality industrial facilities.  We look forward to seeing the development of this state-of-the-art facility that will bring significant economic benefits to the region.”

Based in Southport, CT, Angel Commercial, LLC is an award-winning, full-service commercial real estate brokerage firm specializing in the acquisition, disposition, and leasing of office, industrial, retail, multi-family, development, and investment properties on a local and national level.  Visit Angel Commercial, LLC on the web at angelcommercial.com.