News: Connecticut

Cahill, Grundy & Baker of Avison Young handle 20,500 s/f in leases

1000 Lafayette Boulevard - Bridgeport, CT

Bridgeport, CT According to Sean Cahill, principal and managing director of Avison Young’s Fairfield/Westchester office, the company represented Shelbourne Global, the owner of 1000 Lafayette Blvd., on two five-year lease extensions totaling 20,500 s/f. The Avison Young team of Cahill, Christopher Grundy and Lori Baker represented the landlord in a lease renewal for 14,500 s/f with the Southwestern Connecticut Agency on Aging, Inc. (SWCAA). Randy Vidal of Vidal/Wettenstein, LLC, represented the tenant.

Sean Cahill
Christopher Grundy
Lori Baker

The Avison Young team also negotiated a 6,000 s/f early lease extension with TD Bank for their lobby bank branch on the retail level of the building. 

1000 Lafayette Blvd. is a class A office building whos amenities include security 365 days a year, a complimentary fitness facility, locker rooms, conference facilities, covered parking, dry cleaning and a café. 

The centrally-located, 11-story building is convenient to I-95, Rte. 8, Rte. 25, Metro-North and the Merritt Parkway. The building is located in the heart of Bridgeport’s downtown district, which includes restaurants, entertainment and new residential buildings.

Shelbourne Global is a privately held company, headquartered in New York City, which invests and manages in over four million square feet of class “A” office & flex space.

“1000 Lafayette Boulevard is one of the premier office locations in the state of Connecticut,’’ Cahill said. “It offers many conveniences for Fairfield County businesses with outstanding amenities and is situated in an area with easy commuting to many towns in Fairfield County and New Haven County via rail or highway.”

Al Lawrence, portfolio manager for Shelbourne, said ”We take great pride in the fact that our tenants wish to remain with us year after year and we strive to keep innovating to meet their changing demands for space utilization, amenities and technology at our properties.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary