Davis Marcus Partners' $75m, 218,222 s/f Wilton Corp. Park is closer to completion
40 Danbury Rd. is complete, ahead of schedule and ready for occupancy. Louis Dreyfus Corp. is expected to begin the move-in process any day. They will be relocating operations from 20 Westport Rd. in Wilton to the 161,222 s/f building at the Wilton Corporate Park.
Louis Dreyfus is the first tenant at Davis Marcus Partners' building, leasing the 57,000 s/f top floor.
Davis Marcus Partners is also constructing 60 Danbury Rd., an 81,950 s/f building that is scheduled for completion by Nov. The entire project is projected at approximately $75 million.
Jeffrey Gage of Albert B. Ashforth Inc. said that the building has already received preliminary certification on its proposed LEED standards from the US Green Building Congress.
Gage and Ed Tonnessen of Ashforth are the exclusive leasing agents for the four-building, 500,000 s/f Wilton Corporate Park. 50 Danbury Rd. and 64 Danbury Rd. are fully leased. Tenants at those properties include AIG Financial Products, Ryan Partnership and Connolly Consulting.
"The large floor plates of 40 Danbury Rd. and the small floor plates at 60 Danbury Rd. offer greater flexibility for both large and small tenants and our competitive per square asking price is significantly lower than the more expensive rents in Greenwich and Stamford," said David Fiore, senior VP at Davis Marcus Partners.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.