Angel Commercial LLC Brokers $3.9M Sale of 49,625 SF Flex Building in Milford, CT
100 Washington Street, Milford, CT
MILFORD, CT – January 29, 2014 – Jon Angel, President of Angel Commercial L.L.C., a Southport-based commercial real estate brokerage firm, announces the sale of a 49,625 SF flex building at 100 Washington Street, Milford, CT to an investment company, 100 Washington Street LLC, for $3.9 million.
100 Washington Street was built in 2000 as a single tenant building. Over the years, the building has had multiple tenants until recently when Thinklogical, who originally occupied half of the building, expanded to absorb the entire 49,625 SF. Thinklogical is a privately owned, global manufacturer of secure, high-performance signal extension and switching systems and is headquartered at this Milford address.
Jon Angel represented both the seller, KC Cubed LLC and purchaser in this transaction.
Angel comments, “100 Washington Street was built as a state-of-the-art facility. With it’s raised floor computer suite, under floor radiant heating, humidifiers, and high-efficiency lighting, the investors recognized the quality construction and amenities this building offers and were able to see the long-term potential in this property”.