News: Front Section
Posted: December 8, 2017
McDonnell and Luisi of Avison Young handle $1.2 million sale of a 1.86-acre development site
Wilton, CT According to Sean Cahill, Avison Young principal and managing director of the firm’s Fairfield/Westchester office, the firm has closed a deal on a 1.86-acre development site at 200 Danbury Rd. for $1.2 million
Sean McDonnell, principal in the Fairfield/Westchester office and senior associate Alison Luisi of Avison Young’s Capital Markets Group arranged the all-cash, no contingencies sale of the redevelopment site on behalf of the seller, The Kent House, LLC. The buyer, 200 Danbury Road LLC, is a local developer with plans for a possible mixed-use residential/retail center.
“The Town of Wilton has been extremely proactive in encouraging new commercial development,” said McDonnell, who has arranged several other development site sales along the Danbury Rd./Rte. 7 Corridor during the last several years. “This corner lot along Rte. 7 offers great visibility and access for both residents and retailers.”
Avison Young is one of the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 80 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family and hospitality properties.
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