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JV Acquires Vacant Flex Property for Redevelopment in Central Fairfield County

CBRE recently completed the sale of a vacant flex office/industrial property located at 141 Danbury Rd. in the central Fairfield County community of Wilton, CT. A joint venture of Fuller Development and Spinnaker Real Estate Partners acquired the 47,040-square-foot, single-story building for $3.7 million and has applied to reposition the property for residential development.  

The CBRE team of Louis Zuckerman, Tom Pajolek and Pat Colwell spearheaded the marketing of the property and represented the seller in the negotiations. CBRE also procured the buyer.  

“This was a very smooth transaction with professionalism from both the buyer and seller,” said Zuckerman. “The property is extremely well suited for residential development, boasting the ideal combination of proximity to shopping and transportation, as well as a beautiful natural setting on the Norwalk River. A residential development will undoubtedly be a great addition to the town of Wilton.” 


Inside The Story

CBRE's Zuckerman

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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