Shelton, CT Chris Oâ€™Hara, senior vice president of Coldwell Banker Commercial, completed the $2.25 million sale of 19 Forest Pkwy. Oâ€™Hara representing the buyer, Preferred Tool and Die. The buyer will use the property to expand its manufacturing operation as part of its continued growth in the area. The 25,000 s/f class A building is located in a campus setting. Preferred Tool and Die will use part of the property and the remaining space Coldwell Banker Commercial is marketing for lease.
Preferred Tool and Die was founded over 40 years ago with the belief that a customerâ€™s needs are the most important part of the manufacturing process. Preferred Tool and Die has grown from a small company providing progressive tooling into one of Americaâ€™s leading providers of in-house tooling design, production sampling, and precision machining services.
The seller, Alpha Disability, a national veteran disability advocacy group, will be relocating its offices locally to better service its customers.
Coldwell Banker Commercial is a worldwide leader in the commercial real estate industry. Coldwell Banker Commercial is part of the oldest and most respected national real estate brands in the country, which was founded after the San Francisco earthquake of 1906 by Colbert Coldwell, who was later joined by Benjamin Banker. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises over 200 companies and more than 3,000 professionals throughout the U.S., as well as internationally. The organizationâ€™s worldwide headquarters is in Parsippany, NJ.