Coldwell Banker Commercial represented the buyer of multiple units consisting of a total of 38,875 square feet at Springbrook Commons, a medical complex at 240 Indian River Rd. in Orange to Water Street Management, LLC, a real estate investment company. The $8,050,000 sale was made by Coldwell members Nick Mastrangelo and Tom Cavaliere.
“Congratulations to Nick and Tom for another significant commercial transaction in the town of Orange. This sale reinforces the strength of the local economy for investment opportunities. Your expertise in commercial real estate has broadened the services of our offices,” said Aileen DeFeo, vice president and branch manager for the Orange and Woodbridge office.
Carl Russell of H. Pearce Commercial in Milford represented the seller, Springbrook Common LLC and Lakehouse Properties LLC.