Westrock Development purchased the building from Mgt. Realty. The 50,000-sf property is leased to Bradco Supply, a construction supplies distributor, Papertown, a paper supply company and Sun-Guard, a window-tinting firm. Recently Capital Wood Floors and Supplies signed a lease, which brings the building to full occupancy.

"We're very bullish on the Danbury area," said Michael Friedland, a Westrock Development partner. "Many of the properties we are seeing meet our criteria for buying under-valued assets and then adding value through improvements and aggressive leasing."

Officials with the real estate investment firm say that since its recent acquisition of the one-story industrial property, it has undertaken some capital improvements to the building, such as the installation of new overhead doors and ramps.