News

Commercial space users are often posed with the question of whether to lease or purchase their facilities. Purchasing a property can benefit businesses over the long-term. By contrast, leasing offers flexibility and requires less capital outlay. Before you decide to purchase or lease, consider the below pros and cons: Purchasing: The Benefits Build long-term equity:… [Read More]

It was announced today that Energy Solutions, presently located on Canal Street in Shelton Connecticut, will be relocating its project design, customer service and administration departments to 100 Beard Sawmill Road, a multi tenant first class office building owned and managed by the R. D. Scinto Company. Established in 1992, Energy Solutions helps business owners… [Read More]

It was announced today that Energy Solutions, presently located on Canal Street in Shelton Connecticut, will be relocating its Construction Operations Department to 23 Bridgeport Avenue in Shelton.  This facility will be used for logistical support of efficiency project construction for projects throughout Connecticut. Established in 1992, Energy Solutions helps building owners and business tenants,… [Read More]

Stew Leonard’s Leases 11,544 SF. of Office Space at 444 Westport Ave. in Norwalk, CT Norwalk, CT – December 21, 2016 – Robert Lewis and David Fugitt, partners at Vidal/Wettenstein, LLC, a Westport-based commercial real estate brokerage firm announce the leasing of office space at 444 Westport Avenue in Norwalk, CT to Stew Leonard’s in… [Read More]

Non-Profit Horizons National Expands Westport, CT Office Westport, CT – December 19, 2016 – David Fugitt, Partner at Vidal/Wettenstein, LLC commercial real estate, announces the sublease of a 2,675 sf. office space located at 120 Post Road West in Westport, CT as an expansion of their space in the building. Mr. Fugitt represented Fitness Holdings… [Read More]

EfficientLifestyle, LLC Relocating to Westport, CT. Westport, CT – December 15, 2016 – Vidal/Wettenstein, LLC, a commercial real estate firm based in Westport announces the office lease for EfficientLifestyle, LLC, located at 49 Riverside Ave. in Westport, CT. David Fugitt, Partner at Vidal/Wettenstein, LLC, represented the tenant and landlord in this transaction. EfficientLifestyle, LLC, will… [Read More]

Consider the following as you search for a new office location for your business. Whether your business is an expanding blue chip company or an early stage startup, factors such as location, cost, and your long-term business needs will have implications on the success of your business. “Finding the right office space requires strategic planning… [Read More]

Kubtec Medical Imaging of Milford, Connecticut, has leased a 10,216 square foot facility at 111 Research Drive in Stratford, Connecticut. The company is expanding its operation for better servicing their customers and will be relocating all of its manufacturing, research, support and commercial departments to the new facility in December 2016. “In addition to the lease agreement,… [Read More]

Vidal/Wettenstein has had a very busy 2016 to date.  Since January, the Westport based commercial real estate firm has been responsible for the leasing and sale of over 265,000 square feet with an aggregate value in excess of $26,800,000.00.  Listed below are some of the transactions completed. 213 Danbury Road in Wilton which housed North… [Read More]

The Connecticut Chapter of the Society of Industrial and Office Realtors presented an evening of the Blues to support the Habitat for Humanity’s Veteran’s Initiative. Two spectacular artists – Jane Lee Hooker and SaRon Crenshaw – performed out-of-your-seat blues. Headed by Bruce Wettenstein of Vidal/Wettenstein, SIOR was honored to present a check of $8,115. The… [Read More]

David Fugitt, SIOR and Bruce Wettenstein, SIOR both partners at Vidal/Wettenstein Commercial Real Estate combined efforts in leasing 8,640 square feet of office space to North American Pharmacal. The leased space is at 149 Water Street in South Norwalk. The tenant is relocating from a facility in Wilton which was sold for them by Fugitt… [Read More]

David Fugitt, SIOR and Bruce Wettenstein, SIOR both partners at Vidal/Wettenstein Commercial Real Estate combined efforts to sell commercial property at 213 Danbury Road, Wilton, CT. The property consists of .94 acre of commercially zoned land with two buildings totaling approximately 12,400 square feet. The seller was Cinca, LLC and the buyer was Moose Holdings…. [Read More]

OFFICE MARKET OVERVIEW OF LOWER FAIRFIELD COUNTY 2015 2014 2013 2012 2011 Vacancy Rate * 14.7% 14.2% 14.3% 14.2% 12.7% # Deals * 475 565 612 590 581 S.F. Leased * 3,115,000 S.F. 3,728,000 S.F. 2,959,000 S.F. 2,393,000 S.F. 3,021,000 S.F. Net Absorption* <326,300> <360,500> <393,900> <1,060,400> 341,400 Average Base Rent (Re-Let) $30.61/ S.F. $30.14/… [Read More]

The Connecticut/ Western Massachusetts chapter of SIOR announced the results of its semi-annual membership survey of commercial real estate market conditions. The survey is based on market activity for the period July through December 2015 within the region. SIOR member responses regarding market conditions during the last six months of 2015 indicated a continuation of… [Read More]

Robert D. Lewis, Partner at Vidal Wettenstein, LLC announced the recent sale of the Shake Shack building at 1849 Post Road East in Westport, CT.  This .93 acre property, is comprised of 6,237 sq. ft. of retail/restaurant space, and sits adjacent to the Sasco Pond at the Southport border of Westport.  The Buyer is Fin-Max… [Read More]

David Fugitt, SIOR, a partner at Vidal Wettenstein, a commercial real estate brokerage based in Westport, is pleased to announce the recent leases of two office properties he represents in Westport. Specifically, at 39-53 Riverside Avenue, a five building, 31,000 square foot office complex located on the Saugatuck River is now 100% leased. Additionally, at… [Read More]

Robert D. Lewis, Partner at Vidal Wettenstein, LLC announces the recent sale of an office condominium at 33 N. Water St. in South Norwalk, CT.  Lewis represented the Buyer, Blackbeard Real Estate Holdings, LLC in this $1.1 million sale transaction.  The Seller, LSCG Fund 21-1, LLC was represented by Connor Nolan of WFL Real Estate… [Read More]

Merrimack Building Supply, based in Merrimack New Hampshire, has opened a facility in Stratford, at 85 Lupes Drive.  The building is 7,500 square feet and will be used for the sales and distribution of building supplies and other products. According to Ryan Donegan, Vice President of Merrimack, “We decided to move to Stratford mainly for… [Read More]