MerrittView Class A Office Building Built in 1985 264,473 sq.ft. - - PowerPoint PPT Presentation

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MerrittView Class A Office Building Built in 1985 264,473 sq.ft. - - PowerPoint PPT Presentation

Jan 07, 2024 332 likes •490 views

The Route 7 Corridor Why is this a hot spot? Some great new product Some good value in the older product Proximity to housing (north and east) Rail Service to NYC from South Norwalk; or the Danbury spur Easy access

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SLIDE 1

ROUTE 7, NORWALK

The Route 7 Corridor

  • Why is this a hot spot?
  • Some great new product
  • Some good value in the older product
  • Proximity to housing (north and east)
  • Rail Service to NYC from South Norwalk; or the Danbury spur
  • Easy access from I-95, Merritt Parkway, I-84 from upgraded Rt 7
  • Major corporations have certified this as a business hub
  • There is a diversity of product
  • Newer class A buildings trading in the mid $40’s
  • Other product trading in the mid $30’s and below
  • Lets take a look at the options with a virtual tour!
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SLIDE 2

ROUTE 7, NORWALK

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SLIDE 3

ROUTE 7, NORWALK

MerrittView

  • Class A Office Building
  • Built in 1985
  • 264,473 sq.ft.
  • Typical height 8 floors
  • Major Tenants
  • IT Technology Services
  • Reed Exhibitions
  • Nestle Holdings, Inc.
  • Cartesis Inc.
  • Symphony IRI Group, Inc.
  • Owner – Malkin Properties
  • www.merrittview.info

Space Availability

Floor SF Avail. Rent/SF Type 4th 7,896 $30.00 + elec. Direct 4th 2,679 $30.00 + elec. Direct 6th 5,986 $30.00 + elec. Direct 6th 14,753 $30.00 + elec. Direct 7th 23,316 $30.00 + elec. Direct

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SLIDE 4

ROUTE 7, NORWALK

  • Class A Office Building
  • Built in 2004
  • 890,000 sq.ft.
  • Typical height 7-8 floors
  • Major Tenants
  • Bridgewater
  • Diageo North America, Inc.
  • Hewitt Associates
  • Xerox
  • GE
  • IMS Health
  • Peppers and Rogers
  • Owner – Manager Building and

Land Technology

  • www.bltoffice.com

The Towers

Rents in the mid $40’s

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SLIDE 5

ROUTE 7, NORWALK

  • Six Class A Office Buildings
  • Built 1978 - 2002
  • Total Size 1,406,000 sq.ft.
  • 22 acres
  • Typical height 8 Stories
  • Major Tenants:
  • FactSet Research Systems Inc
  • Marsh USA
  • GE Capital Corp.
  • FASB
  • Siemens
  • EMCORE
  • IPSOS
  • FM Global
  • Owner New York State Teachers

Retirement Systems and AD Phelps

  • www.merritt7.com

Merritt 7 Corporate Park

Rents in the mid $30’s

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SLIDE 6

ROUTE 7, NORWALK

  • Class B Office Building
  • Built in 1953, Renovated in 2007
  • 350,000 SF

, 2 Stories

  • Major Tenants:
  • Norwalk Health Services Corporation
  • Source Marketing
  • ICR
  • Owner National ReSources
  • www.iparknorwalk.com

761 Main Ave - i.park 7

Space Availability

Floor SF Avail. Rent/SF Type 1st 22,265-84,000 $27.50 Direct 1st 2,000-5,000 Negotiable Sublet 2nd 10,600-80,000 $27.50 Direct

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SLIDE 7

ROUTE 7, NORWALK

  • Class B Office Building
  • Built in 1977, Renovation started in

2008

  • 75,946 sq.ft., 3 Stories
  • Major Tenant: Stamford Hospital

(Vacant and available for sublease)

  • Owner – Manager Building and Land

Technology

  • www.bltoffice.com

166 Glover Ave – Merritt North

Space Availability

Floor SF Avail. Rent/SF Type LL 20,786 $23.00 NNN Sublease 1st 27,126 $23.00 NNN Sublease 2nd 28,034 $23.00 NNN Sublease

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SLIDE 8

ROUTE 7, NORWALK

  • Four Class A Office Buildings

509,000 sq.ft.

  • New Product Built in 2008
  • Renovated Product in 2001
  • Major Tenants:
  • Louis Dreyfus
  • Nielsen Co.
  • AIG Financial Products
  • Ryan Partnership
  • Sun Products
  • Onward Health
  • Owner Davis Marcus Partners
  • www.wiltoncorporatepark.com

Wilton Corporate Park

Rents in the mid $30’s and the mid $40’s

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SLIDE 9

ROUTE 7, NORWALK

  • Class B Office/Flex Building
  • Built in 1959
  • 35,439 SF

, 1 Story

59 Danbury Rd – Wilton Corporate Park

Space Availability

Floor SF Avail. Rent/SF Type 1st 5,000-35,270 $10.00 NNN Direct

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SLIDE 10

ROUTE 7, NORWALK

  • Class A Office Building
  • Built in 1978, renovated in 1988
  • 137,000 SF

, 3 Stories

  • Major Tenants:
  • Beiersdorf North America, Inc.
  • http://www.davismarcus.com/187-

danbury_road.htm

  • Owner Davis Marcus Partners

187 Danbury Rd – Wilton Corporate Center

Rents in the mid $30’s

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SLIDE 11

ROUTE 7, NORWALK

  • Class A Office Building
  • Built in 1974
  • 195,512 sq.ft. , 3 Stories
  • 60 wooded acre site
  • Major Tenants:
  • Deloitte, LLP
  • www.wiltonwoodscorporatecampus.com

Wilton Woods Corporate Campus 10 Westport Rd

Space Availability

Floor SF Avail. Rent/SF Type 2nd 3,762 $25.00 NNN Direct 2nd 7,909 $25.00 NNN Direct 2nd 6,125 $25.00 NNN Direct 2nd 9,210 $25.00 NNN Direct

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SLIDE 12

ROUTE 7, NORWALK

  • Class A Office Building
  • Built in 2001
  • 341,207 sq.ft., 3 Stories
  • 60 wooded acre site
  • Major Tenants:
  • News America
  • Deloitte LLP
  • Bridgewater Associates??
  • www.wiltonwoodscorporatecampus.com

Wilton Woods Corporate Campus 20 Westport Rd

Space Availability

Floor SF Avail. Rent/SF Type 1st 10,000-15,743 $28.00 NNN Direct 2nd 112,285 $28.00 NNN Direct 3rd 58,726 $28.00 NNN Direct

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SLIDE 13

ROUTE 7, NORWALK

  • Class B Office Building
  • Built in 1980, renovated in

2009

  • 92,000 SF

, 2 Stories

  • Owner Wilton 372 Associates
  • Major Tenants
  • Kantor
  • DiRay TV
  • Leukemia and

Lymphoma Society

372 Danbury Rd – Wilton Office Plaza

Space Availability

Floor SF Avail. Rent/SF Type 1st 1,014 $28.00 Direct 2nd 13,600 $28.00 Direct

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SLIDE 14

ROUTE 7, NORWALK

Happy to answer questions???

Jeffrey H. Gage SIOR CCIM

CresaPartners

200 Connecticut Avenue Norwalk, CT 06854-1907

203 899-7710 jgage@cresapartners.com www.cresapartners.com