Hubbell Property Belongs to Orange

The town of Orange and Hubbell have reached an agreement and completed the closing for the sale of 376 acres of land.

Jim Biggart, Vice President and Treasurer of Hubbell Incorporated presented a $50,000 check to the town at its open house last evening, stating, "Hubbell is pleased that we were able to reach agreement with the Town of Orange and complete the closing for the sale. This is a good result for Hubbell as well as the town." 

Hubbell sold the land to the town for $7.1 million, a discount of more than $2 million to its appraised value of $9.2 million. Their $50,000 contribution will be used by the town to help pay for the costs of creating a new entryway and parking for the property. 

The open house sponsored by the town and Hubbell took place Monday night at Hubbell’s former headquarters.  Hubbell has retained this building with 46 acres of land and is currently offering it for sale.  The open house was attended by more than 75 brokers, local business people, town officials and Hubbell representatives.

First Selectman James Zeoli said he is pleased with the purchase of this acreage from Hubbell.  "This was the largest privately owned parcel within the boundaries of the town of Orange. This parcel will be left in its natural state for many generations to explore and enjoy long into the future," he said.  "This open space purchase moves the town much closer to the goal of 1,000 acres preserved, set by Dr. Edmund Tucker years ago."