Corporate Center at Danbury Trades for $72M
Matrix Connecticut LLC, an entity managed by Glen Nelson, CEO of Matrix Realty Group, merged with GERA Property Acquisition LLC, a real estate agency and a wholly- owned unit of Grubb & Ellis Co., and picked up the Corporate Center at Danbury through a $72.4-million "cash merger". Jeffrey Dunne of CBRE explains that Matrix "bought the partnership interest" and the property was transferred to them from GERA, making it the largest multi-tenant office transaction recorded to date in the suburban New York Tri-State region in 2009.
Corporate Center is a 1,047,000 square foot trophy office campus located within 1 mile of Exits 1 and 2 of Interstate 84 in Danbury, providing a tenant friendly destination for its blue chip tenant roster that includes Boehringer Ingelheim, Praxair and Honeywell. Located on 99+ park-like acres, with an amenity package that includes a 875,000+ square foot garage with 100% covered parking, conference center, full-service cafeteria, fitness center, coffee shop, credit union, dry cleaning delivery and a barber shop, strongly positions this 61% leased asset to continue to attract tenants that desire an efficient work place environment.
For more news and information, visit Blumberg Capital Partners.
