Business Park in Milford Sells for $5 Million

MILFORD, CT — Jon Angel, President of Southport-based Angel Commercial, L.L.C., announces the Quarry Road Business Park, located at 260-284 Quarry Road in Milford, CT, has sold for $5 million.

“Over the last two years, our firm implemented an asset stabilization plan,” states Angel in a prepared statement. “This entailed identifying areas in need of improvement which included structural and mechanical upgrades along with parking lot repairs. Upon completion, we reintroduced the property for lease and once we achieved a 90% occupancy rate, the seller elected to offer the premises for sale.”

Angel Commercial, LLC, represented the seller, ECP Quarry Road, LLC, and the buyer, LM Real Estate Partners, was represented by the New Haven Group.

The Quarry Road Business Park, an 83,580 square foot flex property that occupies 7.7 acres, is just minutes from I-95 making it a convenient location for many businesses.

Image via Angel Commercial, L.L.C.