BHD 60 Realty LLC Acquires Industrial Property In Stratford For $6.6M With Bruce Wettenstein As The Broker

An industrial building located at 60 Watson Boulevard in Stratford, Connecticut, has been sold for $6.6 million. The property spans 81,000 square feet, with a price per square foot of $81. The building was previously owned by Blase Realty and has been appraised at $8.27 million, despite requiring maintenance upgrades.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,600,000
• Buyer: BHD 60 Realty LLC
• Seller: Blase Realty
• Broker: Bruce Wettenstein - Vidal/Wettenstein
• Market: Stratford, CT
• Square Footage: 81,000
• Price Per Square Foot: $81

A New Jersey executive, Richard Balik, led the LLC in acquiring the property. Blase Manufacturing will continue to be a tenant in the building following this off-market transaction.