Wilton Corporate Park Construction On Track

The 161,500-sf office building that is being constructed to qualify to be Gold LEED certified has Louis Dreyfus Corp. as its anchor tenant, taking approximately 57,000 sf. Foundation work is under way for a new 81,950-sf building at 60 Danbury Rd. as well. Occupancy for 40 Danbury Rd. is scheduled for June, while construction is projected to be completed on 60 Danbury Rd. by November. That building is also designed to qualify for Gold LEED certified by the US Green Building Council. Prudential Real Estate Investors is a joint venture partner on the Wilton Corporate Park project with Davis Marcus Partners.

Commenting on the status of the office projects, David Fiore, SVP of Davis Marcus Partners says "with the next month we will have the building fully enclosed [40 Danbury Rd.] and will be focusing on the interiors." Officials with Davis Marcus say that the firm has received "substantial interest" from firms looking to lease at Wilton Corporate Park. The property currently consists of two existing buildings--50 and 64 Danbury Rd.--that total approximately 280,000 sf. Major tenants at the complex include AIG Financial Products, Ryan Partnership and Connolly Consulting.

Jeffrey Gage of Albert B. Ashforth of Stamford says that Wilton Corporate Park offers a less costly alternative than other major markets in the region where rents now surpass $100 a sf in some prime buildings in Greenwich and more than $50 a sf in the CBD of Stamford. Gage, who along with Ashforth's Edward Tonnessen, are the exclusive leasing agents for Wilton Corporate Park, says that the asking rent at the buildings under construction is set at $42 a sf. Some of the amenities at the park include a recently upgraded fitness center, a 150-seat auditorium, two full service cafeterias, tennis, basketball and volleyball courts, a walking trail, WiFi, outdoor picnic area and a new pavilion. Davis Marcus Partners has developed more than 700,000 sf of office space in the Norwalk/Wilton area including Wilton Corporate Park, 187 Danbury Rd. and 15 Old Danbury Rd.