NY Firm Buys Stratford Office for $4M

0:00It's March 25th. This is Hartford News today, AI-powered stories from your city. A New York investment firm just bought a flex industrial office building in Stratford, Connecticut for $4 million. This marks the firm's first move into the lower Fairfield County real estate market. The property is at $5.55 Lordship Boulevard. The buyer is KCCT, Lordship LLC, run by Trevor Morris, a principal at Clouf Capital. That's a New York-based private investment outfit focused on family office deals. Local broker John Angel, from Angel Commercial, handled the sale for both sides. The seller, 1,608 development-limited partnership, had held onto the building since 1994. It's tied to Stratford Executive Park Inc, and they've now cashed out after decades of ownership. Built back in 1982, the one-story structure covers about 53,000 square feet on more than 3 acres. Recent records show it appraised at $4.1 million and was assessed at $2.87 million this year.

1:05This deals signals fresh capital flowing into Stratford's industrial spaces, potentially sparking more activity in the area as investors eye local opportunities.