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Two newly released reports on the Westchester office market put activity in a positive light.
The nonprofit Jewish Family Service will be relocating from 733 Summer St. in Stamford, which will be demolished and rebuilt as residential apartments.
The anchor tenant at the Wellness Center is Western Connecticut Medical Group’s Wilton Primary & Specialty Care practice.
Cushman & Wakefield is marketing space at the village and city train stations for the Metropolitan Transportation Authority.
ONS, which also operates offices in Stamford and Harrison, now covers 34,000 square feet in two buildings at the Greenwich Office Park.
Availability in the county's office market keeps shrinking, and that trend could accelerate greatly with plans to convert the former IBM campus in Somers to a private high school.
Summit plans to repurpose the building by subdividing it into 700,000 square feet of Class A office space; 400,000 square feet of residential apartments; 100,000 square feet of conference and event space; and 100,000 square feet of core services and amenities.
As the corporate race for millennial and Gen Z talent continues, buildings near train lines and transportation hubs stand to gain the most from the potential uptick in commercial real estate activity.
With plans for a multimillion-dollar renovation, the tower's leasing team says the building will remain among the county’s premier office addresses.
"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.
Cushman & Wakefield described the transaction as a “rare bulk condominium sale outside of the Manhattan market.”
The building at 750 E. Main St. is across the street from the BLT Financial Centre at 200 Elm St.