New York & Tri-State + Fairfield/Westchester + Office | January 4, 2021

Nuvance Signs for 220K SF in Danbury

Nuvance Health Systems, which operates seven hospitals in Connecticut and New York State, signed a 12-year lease at The Summit at Danbury, formerly Union Carbide’s world headquarters in Danbury, CT. The 220,000-square-foot deal, which includes an option to expand to 300,000 square feet, is reportedly Connecticut’s largest office lease of 2020.

A partnership of Southport, CT-based Summit Development, Fort Worth-based Crestline Investors and Danbury-based Rizzo Companies acquired the 40-year-old offices in foreclosure for $17 million two years ago. Nuvance’s lease will bring the repositioned property to 80% occupancy.

Summit president Felix T. Charney said, “This is not only a success for us, but it allows Nuvance to have a unified, centralized headquarters, and obviously, it is a major economic boost for the City of Danbury and the State of Connecticut.”

Cushman & Wakefield’s Gerry Leeds, Maureen O’Boyle, Jim Fagan, Brian Scruton, Adam Klemick and Kathleen Fazio brokered the deal.

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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 GlobeSt.com 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).

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