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The idiosyncrasies and challenges that define Fairfield County’s retail property market were in the spotlight at the recent Second Annual Real Estate Outlook.
Fairfield County’s office market saw 611,000 square feet in leasing activity during the first quarter of this year, according to a new report issued by CBRE Research.
The property, along Crescent Drive off White Plains Road, was sold by Equity Residential, an S&P 500 real estate investment trust that had held it for 16 years.
The property also includes such tenants as Tusk Home, W Hair & Color, and Zaniac.
Law firm Chipman, Mazzucco, Land & Pennarola has already signed a lease at another Danbury location.
Built in 2009 near the Norwalk-Westport border, the 23-acre property includes a number of amenities from a clubroom with full caterer’s kitchen to an outdoor saltwater pool.
Only 12 commercial properties in Connecticut received LEED certification this year, bringing the state total to 279.
The buyer is a private investment group in New Jersey that was not identified in the announcement of the transaction.
The building at 750 E. Main St. is across the street from the BLT Financial Centre at 200 Elm St.
"The office market is better positioned than it has been for a long time,” says Kevin Welsh at Newmark Knight Frank.
Tenants include Wells Fargo, Navigator Management, IMS Health, Lenovo and Sigmund Software.
Tenants include the Fairfield County Community Foundation, Potoo and L’Amy Inc.