Fairfield, CT – October 26, 2015 – Jon Angel, President Angel Commercial LLC, a Southport-based commercial real estate brokerage firm, announces the sale of the Master Electric Supply business to F&M Electrical Supply Company. Angel also announces the lease of the former Master Electric Supply property, an 18,200 SF building located on 1.27 acres at 201 Commerce Drive, Fairfield, to Mercedes-Benz of Fairfield.
F&M Electrical Supply Company, a family-owned and operated business based in Danbury for over three decades, has acquired Master Electric Supply and has relocated the company to a 12,000 SF space at 386 Mountain Grove Street, Bridgeport. F&M will continue to supply electrical products and maintain the continuity of the business relationships built by Master Electric Supply.
In 1936, the late Chester Zambardo founded Master Electric Supply. The original retail store opened in Bridgeport, selling appliances and electrical items. After World War II, the company expanded into electrical supply and lighting and moved to a larger location with a showroom. In 1984, the company moved to 201 Commerce Drive in Fairfield, where it has serviced the electrical market for over 30 years. Tom Zambardo took over the business in 2004 and continued to run the company until the sale of the business to F&M Electrical Supply Company.
Neighboring Mercedes-Benz of Fairfield has leased 201 Commerce Drive primarily for administration offices and new vehicle preparation. The building will be retrofitted to suit their needs.
Angel represented all parties in the transactions.
Angel Commercial, L.L.C., a full-service real estate brokerage firm headquartered in Fairfield County, Connecticut, specializes in the acquisition, disposition and leasing of office, industrial, multi-family and retail properties on a local and national level.