News: Connecticut

Angel Commercial assists Doyle Insurance on $1.375 million purchase

45 Sherman Street - Fairfield, CT

Fairfield, CT According to Jon Angel, president of Angel Commercial, LLC, The Doyle Insurance Group, LLC, has purchased an office building located at 45 Sherman St., for $1.375 million. They are currently leasing space in Southport, and will be moving to 45 Sherman St. soon.

“Changing from a tenant to a property owner demonstrates the firm’s commitment to being part of Fairfield’s vibrant business community,” states Angel who represented the buyer in this transaction.

The primary building is a two-story structure consisting of 4,558 gross s/f with a carriage house of 1,217 gross s/f collectively on 0.13 acres in a Center Designed Business District (CDD) zone. The location in Fairfield Center is minutes to I-95, and within walking distance to the Fairfield Train Station. Both structures have been fully renovated within the last two years.

The Doyle Insurance Group provides personalized insurance services to their clients. They offer a wide range of property and liability insurance solutions. “We have a philosophy that a personal approach to insurance makes a big difference in the level of care, solutions, and benefits our clients receive,” said Tim Doyle, owner of Doyle Insurance Group.

Bruce Wettenstein, SIOR, of Vidal/Wettenstein of Westport, was the listing broker for the selling entity, Valor Investments, LLC.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary