Commercial Real Estate News
Landmark Bridgeport Property Sells to Investors
BRIDGEPORT, CT – March 9, 2017 – Jon Angel, President of Southport-based Angel Commercial, L.L.C., announces the sale of three adjoining industrial properties located at 785 & 800 Union Avenue and 599 Hollister Avenue in Bridgeport, CT, for an undisclosed amount.
“This was an off-market deal,” states Angel, who represented both parties in this sale-leaseback transaction. “An out-of-state investor, 800 Union LLC, purchased the properties previously owned by the Moore Tool Company, who will remain as a tenant at the property.”
Founded in 1924 in Bridgeport, the Moore Tool Company manufactures a complete line of jig grinders and precision tools. Collectively the assets are nearly 250,000 SF on 6.46 acres of land, the property boasts multiple loading docks, 47’ ceiling heights, and powerful crane systems.
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, multifamily and retail properties on a local and national level. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.