Choyce Peterson Inc. in Norwalk, a full-service commercial real estate brokerage firm, recently announced the conclusion of lease negotiations and the relocation of Parker Medical headquarters office and assembly/warehouse operations from Bridgewater, Connecticut, and various other locations throughout the country to 43 Old Ridgebury Road in Danbury, an 88,000-square-foot building. Choyce Peterson Principal John Hannigan represented Parker Medical in this transaction.
When Parker Medical was ready to consolidate its headquarters and x-ray imaging component and subsystem businesses in the southwestern area of the state, it appointed Hannigan as exclusive broker to handle the search for space and the negotiation of the financial and business terms of the lease. Parker Medical was seeking a building with first-rate office space and an attractive front entrance, as well as warehouse and assembly space with a high ceiling and loading docks. In addition, Parker Medical required abundant parking, as well as a fully air-conditioned building.
After touring buildings in Westchester County and in Brookfield, Danbury, Shelton and Trumbull and soliciting proposals from numerous landlords, Parker Medical decided on the Danbury site. This free-standing building had existing conditions, which would only require minimal modifications for Parker Medical”™s use and exterior building signage. It also presented an ideal location just a half mile from I-84 and within 5 miles of I-684.
Parker Medical celebrated the launch of its new facility with a ribbon-cutting ceremony with Danbury Mayor Joe Cavo, Danbury Mayor Chief of Staff Dean Esposito, and other state and local officials.
The landlord, Fairway Asset Management, was represented by Jones Lang LaSalle Executive Vice President Ian Ceppos and Managing Director Al Gutierrez.
Founded in 1984, Parker Medical, designs, develops and manufactures high-voltage x-ray imaging components and subsystems. It is a global leader in this niche market for the medical, industrial, scientific and homeland security industries.
