Norwalk, CT Angel Commercial L.L.C., a commercial real estate firm based in Southport, completed the sale of 173 Main St., a 17,500 s/f retail/warehouse building, for $1.95 million, handled by two of its senior brokers.
Lester Fradkoff, senior vice president, represented the seller, Brandman Realty LP, and Brett Sherman, CCIM, senior vice president, represented the buyer, Servpro.
“We brought both parties together and executed a deal before the property even made it to the market,” said Fradkoff.
“Servpro will be occupying the entire building and consolidating their Stamford and Bridgeport locations,” said Sherman.”
Servpro is a franchiser of fire and water cleanup and restoration franchises in the United States and Canada. The franchise system provides localized services as well as large-scale disaster recovery. With over 1,700 franchises nationwide, Servpro is a leader in the restoration industry.
As new tariffs continue to impact the global economy, retail businesses and investors are grappling with heightened uncertainty. From new high tariffs to supply chain issues to evolving consumer behaviors, continual changes are making it as or more challenging than the pandemic years. Yet, amidst this turbulence,
Boston’s iconic Newbury St. continues to thrive as one of the most vibrant and compelling retail corridors in the United States. Nestled in the heart of the Back Bay, this historic St. has evolved into a powerhouse of high-St. retail, where luxury meets lifestyle and legacy brands coexist with up-and-coming names. With its European charm, diverse architecture, and unmatched foot traffic, Newbury St. remains a dynamic reflection of Boston’s energy, culture, and economic strength.
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