Angel Commercial brokers $8.2m sale of two office buildings

Fairfield, CT Two adjacent office buildings at 328 & 338 Commerce Dr., sold in a single transaction for $8.2 million, according to Jon Angel, president of Angel Commercial, LLC. The total building area is 48,958 s/f on 1.91 acres.

The sellers were 328 Commerce Drive, LLC, and 338 Commerce Drive, LLC. The buyer was CDR-328, LLC. This was an off-market transaction handled solely by Angel Commercial.

“There are no planned changes at the buildings and the transition to the new entity should be seamless with respect to the current tenancy,” said Angel. “The acquisition of both buildings provides frontage on Commerce Drive as well as Halley Court.”

Angel Commercial has been retained for future leasing representation of the assets going forward.

Angel Commercial is a full-service commercial real estate brokerage firm headquartered in Fairfield County. The company specializes in the acquisition, disposition, and leasing of office, industrial, multi-family and retail properties on a local and national level.

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