A pair of adjacent properties in Stratford have been acquired for $7.25 million and will combined into a single parcel supporting an industrial warehouse.
The properties at 1255 and 1297 West Broad St. will be developed by Boston-based GFI Partners on a 14-acre land assemblage fully entitled for a 231,000-square-foot, one-story industrial warehouse with 38 loading docks, two drive-in doors, a 36-to-39-foot ceiling height and 232 parking spaces. The new address will be 1265 West Broad St. and the anticipated completion date is in the second quarter of 2024.
Angel Commercial LLC of Southport brokered the sale to West Broad Street Property Owner LLC.
“We are delighted to have successfully brokered the sale of these two properties,” said Jon Angel, president of Angel Commercial. “The sale is a testament to the strength of the commercial real estate market and the growing demand for high-quality industrial facilities. We look forward to seeing the development of this state-of-the-art facility that will bring significant economic benefits to the region.”
