X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WILTON, CT-Construction work is on schedule for two office buildings at Wilton Corporate Park that will when completed total more than 240,000 sf. Davis Marcus Partners reports it has just completed putting up steel on its 40 Danbury Rd. building in Wilton Corporate Park here.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.