Commercial Real Estate News
Aurora Products Expands into Orange, Connecticut
Orange, CT – September 7, 2011 – Jon Angel, President of Angel Commercial L.L.C., announced the sale of the 75,530 square foot industrial building at 205 Edison Road, Orange, Connecticut to Aurora Products for $2,500,000. The Orange, CT property will offer Aurora Products additional space needed to accommodate their continued growth in the Organic Health Food market. Headquartered in Stratford, this will be the fourth expansion for Aurora Products since its establishment in 1998.
Angel Commercial was appointed by the United States Bankruptcy Court to handle the disposition of the former Finlay Fine Jewelry building. Jon Angel along with Brett A. Sherman, CCIM, Senior Vice President of Angel Commercial, represented the owner in the sale. Scott Gerard Esquire, Murtha Cullina L.L.P. were the corporate counsel representing the purchaser in the transaction.
“Aurora’s growth in the market has been tremendous”, states Angel, who has represented the buyer in all four of their real estate expansions. “In spite of the challenging economic landscape, Aurora has continued to grow at a consistent pace. This site was ideal for their need to increase manufacturing and distribution space while still staying in close proximity to their 84,000 s/f facility on Long Beach Boulevard Stratford, which will continue to be utilized.” Vacant since Finlay Fine Jewelry went out of business in 2009, the building at 205 Edison Road will be undergoing a full renovation. Aurora will occupy the majority of the building, however, they have retained Angel Commercial L.L.C. to market 18,000 s/f of warehouse with 28′ ceiling height and office space for lease.
Paul J. Grimmer, Executive Director, Orange Economic Development Corporation states, “The Town of Orange, through the leadership of First Selectman James Zeoli, worked long and hard to support the relocation of Aurora Products to our community. The town’s ability to support a manufacturer of this size, coupled with superior access to Interstate – 95 were leading factors in our ability to secure the attraction of such a prominent company.”
Aurora Products, Inc. packages only the highest quality all-natural and organic dried fruits, nuts, granola, and trail mixes and sells primarily to grocery stores in the Northeastern United States, but has broadened to as far as Texas and Florida. Locally, products can be found at Stop & Shop, Whole Foods, A&P, and Shop Rite. Founded by Stephanie Blackwell, Aurora Products, Inc. remains a woman-owned company and with the addition of Stephanie’s children, Aurora is committed to maintaining the tradition of a family-owned and operated company. Ms. Blackwell states, “Our passion for quality, freshness, and superior grade #1 products has allowed us to grow as quickly as we have while having a lot of fun doing it.” Aurora is also one of the few companies in the industry awarded SQF 2000 Level 2 Certification. Safe Quality Foods (SQF) is one of the world’s leading safety and quality management systems.
Angel Commercial, L.L.C. is a full-service real estate brokerage firm headquartered in Fairfield County, Connecticut that specializes in the acquisition, disposition, and leasing of office, industrial, multifamily and retail properties on a national level.