Office building in Trumbull’s Commerce Center sells for $2M

One of the two office towers that make up Trumbull”™s 60 Commerce Drive, part of the Commerce Center development that once housed Pilot Pen Corp.”™s headquarters, was sold for $2 million.

The full property covers 47,000 square feet and consists of two 3-story office towers connected by an elevated walkway and a warehouse. The buyer, who was not identified, bought the smaller 15,000-square-foot office tower for use as its new corporate headquarters.

Newmark Knight Frank”™s (NKF) Senior Managing Director Tim Rorick, Managing Director Torey Walsh and Associate Jack McDermott brokered the sale on behalf of the seller, Cambridge Hanover. The buyer was represented by Avison Young Principal and Managing Director Sean Cahill. NKF is the leasing agent for the remainder of Commerce Center, which now has 16,000 square feet of available office space and 31,000 square feet of warehouse space, with the potential to expand the warehouse by another 30,000 square feet.

“We are proud of the new purpose we were able to give the front building of Commerce Center as the Connecticut headquarters for this new buyer,” said Jonathan Garrity, president and CEO of Cambridge Hanover. “It is wonderful to have a user who appreciates the unique structure and is as excited about the space as we are.”