Commercial Real Estate News
Acquisition & Disposition
Industrial Property in Bridgeport Sells for Over $1.2 Million
BRIDGEPORT, CT – FEBRUARY 1, 2018- An industrial property located at 146 Davis Avenue in Bridgeport, CT, sold for $1,237,500 announced Jon Angel, President of Angel Commercial, L.L.C., a commercial real estate firm based in Southport, CT. The 17,088 SF building on 1.72 acres was owned by Black Rock, LLC, and sold to J.E.T. Corporation, a Bridgeport manufacturer of non-ferrous sand castings.
“The property is near I-95 and the Fairfield Metro Train Station making it a convenient location for a growing supply company,” states Angel who was the sole broker in this transaction. Situated along Ash Creek bordering Fairfield, CT, the industrial property features four drive-in doors and a 17′ ceiling height.
“We have been working hard this past year to improve our business and customer service,” states Jose L. Tamayo, owner of J.E.T. Corporation. “In addition to the purchase of a new building, we have hired a maintenance team, added administrative support, and upgraded our software system.”
The building was previously occupied by the Black Rock Fireproof Column Company, the country’s leading manufacturer of fireproof structural columns, also known as Bridgeport Columns. In 2016, the company relocated to East Hartford when it was acquired by United Steel, Inc. “The Black Rock Fireproof Column Company has retained its name and is operating as its own division,” states David Aldo, the former owner and current manager of the company. “We hope the property works as well for J.E.T. Corporation as it did for us.”
Angel Commercial, L.L.C. is a full-service real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition, and leasing of office, industrial, multi-family and retail properties on a local and national level. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.