Angel Commercial leases 3,000 s/f of flex space to El's Kitchen located at 300 Benton Street, Stratford, Conn.
Gluten free snack food manufacturer, El's Kitchen, will be expanding from their Weston, Conn. location into 3,000 s/f of flex space at 300 Benton St.
Presently, part of the production process is outsourced due to the Weston space limitations. 300 Benton St. will give El's Kitchen the room to have all the manufacturing and distribution under one roof. The 3,000 s/f of leased space is currently undergoing extensive construction to cater to the company's specific kitchen requirements. El's Kitchen is planning to be fully operational during the fall.
Jon Angel, president of commercial real estate company, Angel Commercial L.L.C. assisted Eleanor Smith, in her search for a suitable site. "El wanted to be in Stratford, with easy access to I-95. The 3,000 s/f of this 11,184 s/f building gives El the room now with the potential for growth in the future," said Angel, who represented both the landlord and the tenant in the lease transaction.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
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