News

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]

Kaster Moving Company has purchased a 87,150 SF, industrial building at 400 Long Beach Boulevard, Stratford for $5,150,000.00. Kaster Moving Company was founded in 1977 and currently operates out of Stamford and Stratford. The purchase of 400 Long Beach Boulevard will be a new location for the company giving them additional space to offer further… [Read More]

185 East Avenue has recently sold for $1,400,000 to Emily Meehan. The property had recently been sold to Harmony LLC which was going to use the facility, but due to a change in plans, decided to flip the property. The building is a 5,600 sq/ft 2 story office building at the intersection of East Avenue… [Read More]

330 Pine Street in Bridgeport has been leased to The Spray Market, Inc., which has its headquarters in Brooklyn New York.  The company is a spray foam insulation distributor.  This lease is part of their expansion throughout the Northeast.  The Spray Market supplies material to insulation contractors and also services spray foam insulation equipment.  The… [Read More]

NorCeadia, a manufacturer of specialty optics has leased 4500 square feet at 80 Century Drive in Stratford. The move to Stratford gives NorCeadia a central location to their customer base. They plan to be operational by the spring of 2015. Randy Vidal, of Vidal/Wettenstein provided the brokerage services on behalf of the Owner’s and NorCeadia.

LA Barnaby & Sons comes to Stratford. Over the past 65 years L.A. Barnaby and Sons has provided quality craftsmanship, dependability and above all a commitment to excellence. Services and products for the home and business include roofing, siding, windows, doors, gutters, skylights and more. After being displaced by a fire in their Bridgeport facility… [Read More]

Southwestern Connecticut Agency on Aging relocates into 14,000 square feet at 1,000 Lafayette Blvd in Bridgeport. The Agency is the foremost provider of services and programs to the Elderly, Services range from Care, Disability, Elder Abuse, Geriatric Planning, Health Clinics & Services, Hospice, Housing, Long-Term Care, Mental Health Services, Nutrition, Outreach & Social Services, Transportation,… [Read More]

Randy Vidal of Vidal/Wettenstein represents Jupiter Communications in their purchase of 26,000 square feet in West Haven. Jupiter will be doing extensive renovations to the 755 First Avenue building to accommodate their growing business. Jupiter Communications is a full service printing, binding, mailing, data formatting and maintenance company in continuous operation for over 50 years,… [Read More]

Office Market Overview of Lower Fairfield County By David Fugitt, SIOR david@vidalwettenstein.com 2014 2013 2012 2011 2010 Vacancy Rate * 13.8% 14.4% 14.3% 12.9% 12.3% # Deals * 620 662 636 633 659 S.F. Leased * 3,624,000 S.F. 2,961,000 S.F. 2,383,000 S.F. 3,019,000 S.F. 3,466,000 S.F. Net Absorption +218,000 <330,000> <1,008,000> +338,000 <1,055,000> Average Rental… [Read More]

Westport, CT – Robert Lewis, Partner at Vidal Wettenstein, LLC announces the sale of 50 Charles Street in Westport, CT. Mr. Lewis was the procuring broker on this transaction in which TD Banknorth sold their Saugatuck branch, consisting of 4,256 SF of building on .32 acres, to Patriot Bank for $1,925,000. This bank branch location… [Read More]

Vidal/Wettenstein has negotiated the lease terms for two companies in Stratford. Unicare, LLC, a home health company presently located in Bridgeport, will be relocating to 80 Ferry Boulevard. The company has taken 4,950 square feet of office space and will start work at their new location in October. Unicare delivers high quality health care services… [Read More]

Westport, CT — Robert D. Lewis, Partner at Vidal Wettenstein, LLC announces the sale of a 6,000 SF Office building located at 37 Franklin Street in Westport, CT to Chris Anderson.  Mr. Lewis represented the Seller, Dinmar Realty in this $1,200,000 transaction, while Kevin Foley, Sr. of Cushman & Wakefield represented the Buyer.  The Buyer intends… [Read More]

Southport, CT — Bruce Wettenstein, SIOR, and Partner at Vidal Wettenstein, LLC announces the sale of a .32 acre development land parcel located at 110 Woodrow Avenue in Southport, CT. Mr. Wettenstein represented the Seller, David Zeldis in this $450,000 transaction, while Robert Lewis, also Partner in the firm, represented the Buyer, Ward Jennings. This… [Read More]