Stratford, CT Kubtec Digital X-Ray has purchased a freestanding building at 111 Research Dr. for $1.045 million. Bruce Wettenstein, a partner at Vidal/Wettenstein, represented Kubtec Digital X-Ray, a tenant in the building. It was purchased from 111 Research Drive Associates LLC. Angel Commercial LLC represented the seller.
The building, on 0.67 acre, encompasses 10,216 s/f and includes a loading dock.
Founded in 2005 in Milford, Kubtec Digital X-Ray, a registered trademark of KUB Technologies Inc., is a research based organization that develops digital x-ray solutions for medical, research and industrial applications.
“I was delighted to help Kubtec Digital X-Ray acquire its home at 111 Research Drive, a prime location in the heart of Stratford’s industrial area off Lordship Boulevard,” said Wettenstein.
“With its immediate access to I-95 and proximity to a host of amenities, I’m sure Kubtec will fulfill its primary mission: developing imaging systems that enable medical professionals to offer the best care for their patients, particularly those being treated for breast cancer.”
“The acquisition of this property is a key element of our strategy to expand our organizational and commercial footprint.” said Vikram Butani, CEO of Kubtec Digital X-Ray. ”We will be starting work to expand our R&D facilities over the summer, while also creating new conference and training areas in the facility.” “We’re pleased to be able to remain in Stratford,” Butani said.
Vidal/Wettenstein, based in Westport, is a commercial real estate services firm founded in 1968. The team at Vidal/Wettenstein has engineered some of Fairfield and New Haven counties’ most distinguished and high profile commercial transactions, working with local, regional, national, and international clients on a full spectrum of commercial real estate services.