State Representative Joe Gresko, (D)
121st Connecticut House District
Two neighboring properties in Stratford have been purchased for $7.25 million and will be merged into a single unit to accommodate an industrial warehouse. The properties at 1255 and 1297 West Broad St. will be developed into a new address, 1265 West Broad St. This work is anticipated to be competed in the second quarter of 2024.
The existing Bottle & Can Return Center will be moving to Bridgeport. With this area already susceptible to congestion, there may be additional traffic issues with the consistent flow from the warehouse.
As always, please feel free to reach out to me at the Capitol at 860-842-0363 or email me at Joseph.Gresko@cga.ct.gov.
Editor’s Note: The following gives information on the sale and development, as well as the artist’s rendering of the proposed warehouse.
April 18, 2023:– Angel Commercial, LLC, a leading commercial real estate firm in Southport, Connecticut, has successfully brokered the sale of two adjacent properties at 1255 and 1297 West Broad Street in Stratford, CT, for a total price of $7,253,375 to West Broad Street Property Owner LLC.
Strategically located adjacent to I-95, next to Dunkin, with excellent accessibility and visibility, the properties are being developed by GFI Partners, a real estate developer, operator, and investment manager based in Boston, MA. They are now set to create a 14-acre land assemblage fully entitled for a 231,000 SF one-story industrial warehouse with 38 loading docks, two drive-in doors, 36-39′ ceiling height, and 232 parking spaces. The new address is 1265 West Broad Street in Stratford, CT, and the anticipated completion date for the new warehouse is in the second quarter of 2024.
“We are delighted to have successfully brokered the sale of these two properties,” states Jon Angel, President of Angel Commercial, LLC, who was the sole broker in the transactions and the listing broker for the new warehouse. “The sale is a testament to the strength of the commercial real estate market and the growing demand for high-quality industrial facilities. We look forward to seeing the development of this state-of-the-art facility that will bring significant economic benefits to the region.”
Based in Southport, CT, Angel Commercial, LLC is an award-winning, full-service commercial real estate brokerage firm specializing in the acquisition, disposition, and leasing of office, industrial, retail, multi-family, development, and investment properties on a local and national level. Visit Angel Commercial, LLC on the web at angelcommercial.com.
West Broad Street Property Owner LLC.
Incorporation Date: 5 August 2022 (9 months ago)
Company Type: LLC
Jurisdiction: Connecticut (US)
Registered Address: 133 Pearl Street, Boston
Agent Name: CORPORATION SERVICE COMPANY
Agent Address: 225 Asylum St., Hartford, CT, 06103-1516, United States
Directors / Officers: Steven Goodman, officer