DANBURY, CT-The Lee Farm Corporate Park here has sold for $16.9 million, it was announced last week. Jeffrey Dunne, vice chairman, Steven Bardsley, SVP and Patrick Carino, associate of CBRE's New York Institutional Group represented ownership in the sale. The team was also responsible for procuring the buyer, Lee Farm Partners, LLC, a joint venture between Summit Development and the Grossman Companies. This is the first acquisition for the Grossman Companies in Fairfield County.
Lee Farm Corporate Park is an office building with more than 216,000 square feet of space. It sits opposite the Danbury Fair Mall, Danbury Airport and a newly developed Whole Foods, which is scheduled to open this spring. Major tenants at Lee Farm include GE Capital, IMS Health and PepsiCo. The property's amenities include a full-service cafeteria, a conference facility and a new fitness center.
Lee Farm features direct access to Westchester County and lower Fairfield County via the recently improved Route 7. It is the first office purchase in Fairfield County for Grossman.
Says Jeff Dunne in the announcement, “Lee Farm provides Summit and the Grossman Companies with an ideal property to capture tenants from Southern Fairfield and Westchester counties. Summit's local operating experience should prove invaluable in the lease up of the available space at Lee Farm.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
