News:
Owners Developers & Managers
Posted: February 22, 2019
Angel of Angel Commercial, LLC handles $4.875 million building sale
Stamford, CT According to Jon Angel, president of Angel Commercial, LLC,132 Jamaica Ave. Realty Corp. has purchased an industrial flex building located at 72 Camp Ave., for $4.875 million.
“The building was substantially leased,” said Angel who represented both parties in this transaction. “This was an investment deal that utilized the tax-benefits of a 1031 Exchange.”
Several complexities of the deal were handled by Scott Gerard of Shipman & Goodwin LLP who practices in the areas of commercial finance, corporate law, and real estate. The seller was 72 Camp Avenue LLC.
The building is a 33,822 s/f two-story industrial flex building on one acre in a light industrial zone. Located in the Springdale section of town near the Darien border, the property is close to restaurants, banks, and the post office. It is steps away from the CTtransit Bus line and within walking distance to the Springdale Metro-North Train Station.
The two tenants in the building are Building Blocks Learning Center, and Upper Deck Fitness, who recently took over additional space in the building.
MORE FROM Owners Developers & Managers
Windsor approves redevelopment of 500 Day Hill Rd. for mixed-use residential community
Windsor, CT The town has granted approvals for the redevelopment of 500 Day Hill Rd., clearing the way for a mixed-use residential community that will convert a former office campus into a housing development totaling approximately 300 residential units
.png)
Quick Hits
Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
 (1).png)