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The WorkPlace, which will relocate from 350 Fairfield Ave. in Bridgeport, was founded in 1983 and coordinates comprehensive workforce development policies and programs that prepare people for careers while strengthening the workforce for employers.
The site is the former home of Unimin Corp., which operates mining and mineral processing facilities across North America. The company put the building up for sale in 2016 as it merged with an Ohio-based company, Fairmount Santrol.
The deals are with TD Bank and the Southwestern Connecticut Agency on Aging.
CBP, part of national insurance and financial services firm Alera Group, provides customized employee benefit plans and HR technology solutions.
Best Friends Pet Care Inc. has agreed to lease 2,368 square feet, while KenCast Inc. agreed to an extension of its lease at the building.
The nonprofit Jewish Family Service will be relocating from 733 Summer St. in Stamford, which will be demolished and rebuilt as residential apartments.
The building offers a full-floor availability of approximately 30,000 square feet, as well as built-to-suit and existing suites as small as 1,600 square feet.
“The job creation that is going on will directly affect occupancy rates in Fairfield County, particularly in the office space,” says Sean Cahill, principal and managing director of Avison Young’s Fairfield/Westchester office.
Graphic design company Newbury Rain is relocating from its space at 35 Nutmeg Drive in Trumbull, where it was also the first tenant.
Buyer Hanover Norwalk Investors is an affiliate of Hanover Real Estate Partners, based in Greenwich.
Dozens of successful medical office conversions have taken place in the region over the past couple of years and seem likely to continue for at least the foreseeable future, according to Sean McDonnell, principal at Avison Young's Fairfield/Westchester office.
"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 new location will be the nonprofit's fourth in Connecticut and third in Fairfield County.
"The office market is better positioned than it has been for a long time,” says Kevin Welsh at Newmark Knight Frank.
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