News: Front Section
Posted: July 28, 2023
O’Hara of Coldwell Banker assists Soda Stop Plus in new location
Bridgeport, CT Soda Stop Plus Thrift and Bottle Return purchased a 68,750 s/f industrial warehouse on 3.7 acres at 1100 Boston Ave. where it will relocate its business. The sale price was not disclosed.
The Bottle Return Center owned by Fred Miers has been in business for 30 years and will be relocating to its new facility later this year. The Bottle Return Center’s expansion is partly due to the recent Connecticut Law increasing the deposit on cans and bottles from 5¢ to 10¢. Bottle Return is a full redemption center. They accept unlimited amounts of glass, aluminum, and plastic bottles with “CT” deposit labels. The materials are then transported to another location for recycling.
The redemption center’s real estate search was led by Chris O’Hara, SVP of Coldwell Banker Commercial Realty. After looking at numerous industrial sites, for sale and lease, Soda Stop Plus Thrift and Bottle Return Center choose to purchase the building at 1100 Boston Ave. originally occupied by Remington Arms.
According to Miers, “After an extensive search, we found a facility that was a perfect fit that will meet the needs of our customers and growing business.”
According to O’Hara, “The purchase is a testament to business growth in Connecticut and the strength of Bridgeport’s industrial market.”
The seller, BAGL, LLC was represented by Bradley Soules of Newmark.
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