New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Northpath Investments Makes First Fairfield County Acquisition with Wilton Office Deal
Jeffrey Dunne, Steven Bardsley and Travis Langer of CBRE’s Institutional Properties represented the seller, Wilton 40/60, LLC, of 40 Danbury Road in Wilton, CT. CBRE also procured the buyer, Danbury Holdings DE LLC, an entity managed by Northpath Investments. This is Northpath’s first office acquisition in Fairfield County.
The 161,222-square-foot LEED Gold certified office building is 42% leased and located directly on Route 7, the economic office hub of central Fairfield County. The property offers stable income from credit tenants while providing upside to lease the vacant space.
Bardsley said, “The existing WALT of over six years allows Northpath to focus on the vacant space lease-up without a concern for existing tenant roll. Their expertise in repositioning assets and a favorable basis should allow them to immediately compete in the Fairfield market.”
- ◦Sale/Acquisition
