Trumbull CT– A hi end manufacturer of very sophisticated x-ray equipment for hospitals and universities has purchased an existing building in the Trumbull Corporate Park for the purpose of repositioning it for the production of their product. The owners of Kubtec, will convert the first two floors of 75 Merritt Blvd to a production line, assembly and quality control for their product. Kubtec presently occupies a 21,000 square foot facility on Research Drive in Stratford and had purchased an additional parcel on the street for future expansion. The reality was that the companies growth projection didn’t meet the parcel’s criteria so the company began a search for a larger property. Trumbull and 75 Merritt Blvd met the criteria. The town of Trumbull with the assistance of Rina Bakalar of the Trumbull Economic Development was a great resource in assisting Kubtec with certain benefits the town offered.
This week marks the 20th anniversary of the firms delivering advanced X-ray cabinet systems that have transformed both clinical care and scientific research around the globe. Kubtec is a leader in specimen imaging systems and gamma probe technology.
The building is 112,544 square feet situated on 5 acres, and sold for $3,712,500. or $33.00 per square foot. The property had been under receivership with Sachem Bank of Milford and represented by Alan Fischer, SIOR of Fischer Commercial. Bruce Wettenstein, SIOR & Managing Partner with Vidal/Wettenstein represented the buyer, Merritt 245, LLC. Counsel for the buyer was Mark Kirsch and Robyn Drucker of Cohen & Wolf’s Bridgeport office. Counsel for Sachem Capital was in house Corporate Counsel, Amanda Tiernan.
