Roth says that Union Carbide is reviewing its office space holdings at the Danbury property as well as on the East Coast. He said the company has not made a decision as yet on whether it will retain a presence in Danbury or not. Union Carbide's net lease on the Corporate Center at Danbury property expires in 2006.

"The design, location and setting of Corporate Center offer exceptional advantages in terms of office flexibility, corporate identity, skilled and available workforce, and low overall costs," Roth said. "Sunbelt's ownership is studying a variety of enhancements, and is open to a creative redevelopment to the facility and its surrounding 100 park-like acres, based upon resolution of future use. Opportunities exist for both long and short term leases, for single or multiple tenants, or for sale transactions," he noted.

Asking rents will be in the low $20 per sf (gross) range.

The complex features a 225,000-square-foot central services core building. Fifteen four-level, multi-sided office "buildings" connect to the central core facility. Nine buildings offer 84,000 sf each, six buildings contain 36,000 sf each.

The complex contains such amenities as a state-of-the-art conference center with an auditorium, a cafeteria and executive dining area, a fitness center run by Danbury Hospital, enclosed parking and a helipad on site.

Roth says that the firm's marketing effort has just begun and that it will focus on attracting firms from Connecticut and New York. He adds that he expects New York City firms that are seeking to decentralize their operations in the aftermath of the Sept. 11 terrorist attack on the World Trade Center to consider leasing headquarters and or back-office space at the Corporate Center at Danbury.

Also working on the Corporate Center assignment are Kim Mowers in Grubb & Ellis' Connecticut office and John Hoffman and Matthew Schnurr based in the firm's New Jersey location.

"We are confident that the tri-state area holds one company, or a group of users, for whom Corporate Center represents a compelling answer, particularly in view of current security concerns. Current Corporate Center ownership is willing to provide capital and out-of-the-box solutions for qualified tenants with special requirements," Roth notes. "To further benefit new Corporate Center users, we are also working toward securing a basket of municipal and state (incentive) benefits."