Overview

Highlights

• • Situated directly off Interstate 84, five miles from a Metro-North Railroad station, 7.5 miles from Danbury Municipal Airport and
• approximately one hour from three city centers: New York City, New Haven and Hartford
• • Easily accessible to amenity corridors along Routes 6 and 7, the two of which are home to a variety of shops, restaurants and service-oriented retailers
• • Surrounded by five-mile, 10-mile and 20-mile residential population counts of 119,534 people, 217,952 people and 881,365 people, respectively, with corresponding median household incomes of $90,287, $105,750 and $106,650

Description

• Office and flex/R&D asset totaling 311,187 square feet across three stories with high-end finishes, surface and garage parking and

amenities including a fitness center, full-service cafeteria, outdoor seating and 40+ acres of landscaped grounds with walking trails; the property will be delivered vacant, offering multiple paths to upside

• Various re-leasing scenarios are viable given the property is being offered at a significant discount to replacement cost with Industrial Park zoning, which permits office, laboratory and light industrial use, and reusable in-place infrastructure, which can accommodate a variety of tenant requirements

• While the asset will be delivered vacant, future ownership has the opportunity to benefit from interim cash flow via battery manufacturing giant Duracell, which formerly operated its headquarters on site and is willing to execute a limited-term leaseback

Location

• Encompassing the southwestern corner of Connecticut and part of the metropolitan New York economy, Fairfield County is home to a coveted residential population from which employers seek to recruit and retain a strong workforce

• Fairfield County boasts the largest concentration of Fortune 500 headquarters across Connecticut, currently home to 11 of the state’s 16 such firms, and its regional employment base is anchored by bluechip firms across the financial services, advanced manufacturing, professional services and healthcare industries

• Featuring direct highway and train access to New York City, Fairfield County’s economy is intricately tied to that of Manhattan and approximately 43,000 New York residents “reverse commute” into Fairfield County, according to Connecticut’s official state website

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