Norwalk-based Marcus Partners, a real estate investor, announced recently Ameriprise Holdings has signed a long-term lease at 10 Wright St., a property currently undergoing a multimillion-dollar remake owned by an affiliate of Marcus Capital Partners Fund II L.P.
Acquired by Marcus Partners in October 2014, the addresses 8 and 10 Wright St. are currently undergoing a $5 million renovation described by the company as “transformative.”
The remake’s centerpiece is the installation of new floor-to-ceiling windows, “which offer spectacular views of the Saugatuck River and historic Westport Center,” Marcus said.
The property’s lobbies, restrooms, elevators, landscaping, paving, entrances, signage, parking decks and mechanical systems are seeing upgrades as part of the program.
David Fiore, who leads Marcus Partners’ New York City Metro office in Norwalk, said, “We look forward to welcoming Ameriprise to 10 Wright Street in 2016. This lease recognizes the transformative repositioning program currently under way at 8 and 10 Wright St. and affirms its place as an excellent, best-in-class property.”
The two Wright Street properties jointly contain 84,000 square feet of office space and now have approximately 10,000 square feet remaining available for lease.
The property’s immediate neighborhood contains coffee shops, restaurants and bars, “while Westport Center boasts one of the most sought after Main Street addresses in America and is home to many national and local retailers as well as a thriving arts and literary community,” Marcus said.
Marcus Partners owns and operates more than 3 million square feet of commercial space out of its Norwalk office and approximately 5 million square feet of commercial space overall along the East Coast.
Marcus Partners is currently investing its $250 million Marcus Capital Partners Fund II L.P. in select markets on the East Coast. When fully invested, the fund will own approximately $600 million of commercial real estate. The company’s website is marcuspartners.com.