Jon Angel, president of Angel Commercial L.L.C., completed the sale of the 40,600 s/f industrial building at 235 Edison Rd. to a New York based investment company, TMC Properties L.L.C., for $3.1 million. The building will be occupied by Numet, manufacturers of precision machined components requiring complex geometries and exotic alloys.
"As part of Numet's development, they required a new facility to house their manufacturing specifications. 235 Edison Rd. offers a fully climate-controlled space and a class 100K clean room, both necessary for the production of Numet's components," saidAngel.
Angel represented the seller, Wallach Surgical, and Carl Russell of George J. Smith represented the purchaser.
Numet was recently recapitalized with a major investment led by Kidd & Company, a private equity group. In addition to the investments in facilities, equipment, systems and training to support the company's growth, key executives with deep experience were brought on board. Numet has a singular focus of producing jet turbine engine components, positions as a Tier 1 supplier to key OEMs including: General Electric Aviation, Pratt & Whitney and the U.S. Department of Defense.
Angel Commercial is a full-service real estate brokerage firm that specializing in the acquisition, disposition and leasing of office, industrial,
multi-family and retail properties on a national level.