News: Front Section

Sherman of Angel Commercial brings 86,894 s/f 30 Nutmeg Dr. in Trumbull to 100% occupancy

Trumbull, CT According to Brett Sherman CCIM, senior vice president of Angel Commercial, LLC, 30 Nutmeg Dr., an 86,894 s/f flex building, is 100% leased. 

Two tenants have leased the remaining space at 30 Nutmeg Dr. D-BAT Academy, a baseball training facility, signed a long-term lease for 20,487 s/f and Prospect America leased the remaining 3,500 s/f. Sherman represented the landlord in both transactions. 

“The space was well-priced, and the building is in a convenient location with great access to Rte. 8, I-95 and the Merritt Parkway. There is also bus service located directly in front of the building,” said Sherman.

“Recently, there has been an uptick in commercial real estate activity in this corporate park in Trumbull,” Sherman said. “Nearby, Educational Playcare is building a brand new daycare facility at 111 Merritt Blvd., and the office buildings at 55 & 75 Merritt Blvd. both recently sold to investors.”

Both of the new tenants coincidently are from Texas. D-BAT, founded in 1988 in Addison, Texas, is an international chain that offers batting, pitching and fielding practice training facilities plus a full line of products including wood bats, gloves, batting gloves and baseball and softball accessories. Prospect America, founded in 2010 in Fort Worth, Texas, is a global provider of outsourced call center services both inbound and outbound.

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.