Commercial Real Estate News
Landmark Property Leased to Cumberland Farms for Planned Development in Milford, CT
Milford, CT – June 9, 2014 – Jon Angel, President of Angel Commercial L.L.C., a Southport based commercial real estate brokerage firm, announces the lease of 1.22 acres of vacant land at 258-266 Boston Post Road to Cumberland Farms Inc, for the future home of their second convenience store and gas station within the town of Milford, CT.
The triangular parcel was formerly Gloria’s Garden Center, a forty-year-old family business. This landmark location benefits from 3 street frontages; Plains Road, West Clark Street and Boston Post Road and has easy access to I-95.
Cumberland Farms recently received final approval from Planning and Zoning to construct a 4,500 SF convenience store with a clapboard façade, 10 gasoline pumps, and an outdoor picnic tabled dining area. Construction has already begun, with completion planned for Q4 of 2014.
“Milford’s strong demographics and the property’s location were the driving forces behind Cumberland Farms’ decision to develop the parcel. Given the economic challenges over the last few years, it is encouraging news when quality corporations like Cumberland Farms commit to new construction projects”, states Angel who negotiated the lease transaction.