Armstrong Shelton Properties Buys Office Complex for $8M.

The 151,000 square foot office complex located at 2 and 4 Armstrong Road in Shelton, Connecticut has been sold to Armstrong Shelton Properties, LLC for $8 million.  The purchase was financed by Washington Trust’s Commercial Real Estate Group based out of Westerly, Rhode Island.

Armstrong Shelton Properties is a single asset holding company of Rugby Realty that is based out of New Rochelle, New York which owns and maintains 8 million square feet of commercial real estate in 6 states.  The newly acquired Shelton property is currently occupied by LifeCare Inc. and has many favorable attributes including being minutes from the Merritt Parkway, a wooded campus with jogging trails, a picnic area and a pond.