Monroe, CT – October 20, 2015 – Jon Angel, President of Southport-based Angel Commercial LLC, announces the sale of 7.16-acres of commercial land located at 500 Pepper Street in Monroe, Connecticut. The property sold for $525,000 from Alcar Development LLC to Carrubba Inc.
Carrubba Inc. specializes in the creation of custom fragrances, flavors, botanical extracts, and natural deodorants for leading manufacturers around the world. Carrubba Inc. plans to build a 48,338 square foot facility on this site for their manufacturing and headquarters.
“It is great to see a Connecticut-based business expand in Connecticut," states Angel, who represented the seller in this transaction. “The property at 500 Pepper Street in Monroe is just under 20 miles from Carrubba Inc.’s current headquarters in Milford and is easily accessible off Route 25.” The buyer was represented by Coldwell Banker.
Angel Commercial, L.L.C. is a full-service real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition and leasing of office, industrial, multi-family and retail properties on a local and national level.