Commercial Real Estate News
Bridgeport Rescue Mission Purchases Nursing Home for $2.15 Million
BRIDGEPORT, CT – MARCH 12, 2019 – The Bridgeport Rescue Mission has purchased the former Astoria Park Nursing Home at 725 Park Avenue in Bridgeport, CT, for $2,150,000 announced Jon Angel, President of Angel Commercial, L.L.C., a commercial real estate firm based in Southport, CT. They will use this location for their new community care center.
“Bridgeport Rescue Mission has the vision to renovate this building to be the home of a care center which will enable us to expand our capacity to meet the basic human needs of the hungry, homeless and addicted,” said Executive Director, Terry Wilcox. “The honest and professional services of Angel Commercial made the largest purchase in BRM’s history, also the smoothest.”
Founded in 1993, the Bridgeport Rescue Mission provides food, shelter, clothing, education, job training and counseling for the urban poor and addicted of Coastal Fairfield County
725 Park Avenue is a 61,344 SF five-story building on 1.29 acres located minutes from I-95 (Exit 27) and Route 8 (Exit 1).
“We are pleased that this building will be repurposed to help those in need,” states Angel, who represented the seller, Laureate Astoria, LLC, in this transaction. “It is an expansive facility and should make a huge difference to the surrounding community.”
Baldwin Pearson & Company Inc. represented the Bridgeport Rescue Mission.
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, multi-family, 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.