Commercial Real Estate News
New Medical Office Facility Comes to Town
Newtown, CT – November 27, 2012 – Jon Angel, President of Angel Commercial L.L.C., announces the sale of a 10,515 SF, two-building complex on 1.84 acres at 33 Church Hill Road, Newtown, CT to Dr. Alex Afshar for $1,150,000.00.
The two-building complex comprises; one building at 4,215 SF built in 1900 and one at 6,300 SF built in 2008.
Dr. Afshar is a family physician practicing with the Family Health Care Center in Newtown. He plans on opening a new medical care facility in the 6,300 SF building located at the rear of the property and will be offering the front building for lease.
“The property is ideal for medical use. There is ample parking, elevator access, located on one of Newtown’s major roads, and directly across from the recently approved Lexington Gardens Project.”, comments Angel who was retained by Customer Bank to handle the sale of this foreclosed property, and Scott Gerard Esquire, Murtha Cullina L.L.P. was the corporate counsel representing the purchaser in the transaction.
The Villages at Lexington Gardens is a major commercial redevelopment project for a 6.3-acre site at 30-32 Church Hill Road. The approved plans call for adding 60,500 SF of new commercial space in the form of 4 two-story buildings – one at 28,000 SF, two at 13,000 SF, and one at 6,500 SF. Each building will have retail space at the ground level and office space on the second story. Newtown Savings bank will occupy the 6,500 SF building located at the rear of the site.