Shelton office building sold – July 11, 2014

Gene Pride and Jeff Dunne, of CBRE Group’s Institutional Properties team, represented Maurice Ades, of Rugby Realty Company, LLC in the sale of 375 Bridgeport Ave. in Shelton, a 46,364-square-foot office building built in 1985 that is currently 98 percent leased. The property sold for $6.3 million, or $136 per square foot, to Woodgreen Management.