Commercial Real Estate News
Acquisition & Disposition
Commerce Drive Site Sells for $5.4 Million
FAIRFIELD, CT – SEPTEMBER 11, 2020: The 3.72-acre site located at 65 Commerce Drive has sold for $5,400,000 in an off-market transaction, announced Jon Angel, President of Angel Commercial, LLC, a commercial real estate firm based in Southport, CT. Previously owned by the Estate of Ralph Arganese, the property was sold to 65 Commerce Drive Associates, LLC.
“65 Commerce Drive is located on what’s commonly referred to as auto row,” states Angel, who represented both parties in this transaction. “The site is next to the Land Rover / Jaguar dealership and across the street from the exit 25 ramp from I-95.”
Angel Commercial, LLC, is an award-winning full-service commercial real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition, and leasing of office, industrial, retail, land, investment, and development properties on a local and national level. Visit Angel Commercial, LLC, on the web at www.angelcommercial.com.