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NORWALK, CT-National RE/sources of Greenwich will be bringing its successful i.park brand to Norwalk. The firm has begun a $50-million interior and exterior makeover of a former Perkin-Elmer complex at 761 Main Ave. here. The program will also involve the conversion of the 402,000-sf complex into a multi-tenant property.

Cushman & Wakefield of Connecticut has been retained as the exclusive leasing agent for i.park Norwalk as it is now called. National RE/sources operates i.park properties in Lake Success, NY, Yonkers and Grand Rapids, MI.

Last month, i.park Norwalk LLC, an entity of National RE/sources, purchased the 30-acre site from Perkin-Elmer that until five years ago housed the company’s instrumentation division for $21 million. The i.park model involves National RE/sources acquiring older corporate facilities located in strong office markets and converting them into “intelligent” and energy-efficient buildings that can offer office rents at 25% below market.

Lynne Ward, vice president of National RE/sources, says that the firm has already begun some interior demolition and is working on landscaping, new windows and the repaving of parking lots at the property. The first tenant’s space is scheduled to be delivered in January 2007.

Since the company has taken ownership of the property, it has scheduled 30 showings, has about a dozen letters of intent for space and has one lease out for approximately 48,000 sf of space. She would not divulge the identity of the company that is looking to secure that lease.

Cushman & Wakefield’s Maureen O’Boyle and Gerard Lees, senior directors, serve as the leasing team representing property ownership. The campaign involves marketing the more than 400,000 sf of office space for multi-tenant or corporate headquarters use.

“This is a blockbuster development in one of Fairfield County’s most desirable locations–a proven and popular corporate destination,” says Lees. “The renovation and refurbishment of this property in the i.park tradition will transform and reposition the asset so that it appeals to a broad range of users. We anticipate that i.park Norwalk will attract a diverse local and regional tenant base.”

The property’s amenities include: an on-site national health club with a 50-meter indoor pool, a new bistro-style café, riverside jogging and walking paths, a tenant conference center and shuttle service to local Metro North stations.

“The i.park model has proven to be extremely attractive because it essentially becomes a ‘lifestyle park’ that offers tenants a fantastic place to work with an amenity package that is simply unprecedented,” O’Boyle adds. “With the building’s exceptionally large floor plates and proportionally high ceilings, it will have wide appeal to tenants from a broad range of industries.”

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