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Tom Pajolek, executive vice president at CBRE’s Stamford office, predicted that the regional market will close the year with a flurry of new leasing activity.
"The property is currently 99 percent leased, and we expect that the new ownership will build on this solid base of high occupancy and quality management," said CBRE's Jeffrey Dunne.
Caruso discusses the commercial real estate market in Fairfield County, both on its own terms and in comparison with Westchester.
Joseph Weaver of CBRE said the nonprofit needed a space "supported by redundant power systems to ensure 24/7 uptime for mission-critical kidney shipping and logistics control systems."
The 143-unit property includes two ground-floor commercial units, a newly renovated rooftop deck and lobby, and a resident game room.
“I feel the market is better than the statistics show,” said Cory R. Gubner, president and CEO at RHYS. “I am very bullish."
"Corporations want to be near transportation, which contributes to demand for apartment housing that their workforce wants to be in," said Building and Land Technology COO Ted Ferrarone.
The five-building community was constructed in 2016 and includes a mix of studio, one-, two- and three-bedroom units, as well as 13 townhouses with attached garages.
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.