Commercial Real Estate News
NUMET Plans To Grow In Orange, CT
Orange, CT – February 28, 2012 – Jon Angel, President of Angel Commercial L.L.C., announced the sale of the 40,600 SF industrial building at 235 Edison Road, Orange, Connecticut to a New York-based investment company, TMC Properties L.L.C., for $3,100,000. The building will be occupied by Numet, manufacturers of precision machined components requiring complex geometries and exotic alloys.
“As part of Numet’s development, they required a new facility to house their state-of-the-art manufacturing specifications. 235 Edison Road offers a fully climate-controlled space and a Class 100K clean room, both necessary for the production of Numet’s components”, states Angel.
Jon Angel represented the seller, Wallach Surgical, in the transaction.
Numet was recently recapitalized with a major investment led by Kidd & Company, a Connecticut-based private equity group. In addition to the investments in facilities, equipment, systems, and training to support the company’s growth, key executives with deep experience were brought on board.
Founded in 1974, Numet has a singular focus of producing jet turbine engine components, positions as a Tier 1 supplier to key OEMs including; General Electric Aviation, Pratt & Whitney, and the U.S. Department of Defense.