News: Brokerage

Fischer Commercial and Vidal/Wettenstein arrange $3.713 million office sale to KUBTEC

Trumbull, CT Vikram and Preeti Butani, owners of KUBTEC, high-end manufacturers of X-ray equipment for hospitals and universities, have purchased an existing building in the Trumbull Corporate Park for the purpose of repositioning it for the production of their product. KUBTEC will convert the first two floors of 75 Merritt Blvd. to a production line, assembly and quality control for their product. 

The building is 112,544 s/f situated on five acres, and sold for $3.713 million. The property had been under receivership with Sachem Bank of Milford and the seller was represented by Alan Fischer, SIOR of Fischer Commercial Real Estate. Bruce Wettenstein, SIOR and managing partner with Vidal/Wettenstein represented the buyer, Merritt 245, LLC. Counsel for the buyer was Mark Kirsch and Robyn Drucker of Cohen & Wolf’s Bridgeport office. Counsel for Sachem Capital was in house corporate counsel, Amanda Tiernan.

KUBTEC presently occupies a 21,000 s/f facility on Research Dr. in Stratford and had purchased an additional parcel on the street for future expansion. The reality was that the companies growth projection didn’t meet the parcel’s criteria so the company began a search for a larger property. Trumbull and 75 Merritt Blvd. met the criteria. The town of Trumbull with the assistance of Rina Bakalar of the Trumbull Economic Development was a utilized resource in assisting KUBTEC with certain benefits the town offered.

The week of January 5, 2026 marks the 20th anniversary of the firms delivering advanced X-ray cabinet systems that have transformed both clinical care and scientific research around the globe. KUBTEC is a leader in specimen imaging systems and gamma probe technology.

MORE FROM Brokerage

Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.