News: Brokerage

Outside the Region: Cahill, Kornreich and Grundy of Avison Young broker 6,700 s/f lease

Stamford, CT According to Sean Cahill, Avison Young principal and managing director of the firm’s Fairfield/Westchester office, the firm has closed on a new 6,700 s/f lease for Connecticut Counseling Centers, Inc. consisting of the entire ground floor of Commerce Plaza at 15 Commerce Rd.

Cahill, Eva Kornreich and Christopher Grundy of the Avison Young arranged the 10-year lease on behalf of the building owners, Commerce Plaza, LLC. The tenant was represented by Larry Katz of Larry Katz Commercial Realty. 

“We are extremely please to work with the owners of Commerce Plaza to bring the property to 100% occupancy,” said Cahill. “Medical and other healthcare related tenants such as Connecticut Counseling Services are actively expanding throughout Fairfield and Westchester counties and properties that meet the building and parking requirements of these tenants such as 15 Commerce Road are in high demand.”

The 26,000 s/f renovated office/medical building features a new lobby, elevators and ample parking area. Multiple fiber optic networks are available on-site including Verizon, SNET and Light Path.

The building is near I-95 exit 6 and US Rte. 1, near the Greenwich border and the city's train station. Other tenants in the building include New York Sports Club, Cablevision Lightpath, DVI Renal Dialysis Clinic, PPT Physical Therapy and Concentra Healthcare Services.

Connecticut Counseling Services is a not-for-profit corporation that provides a full range of licensed outpatient substance abuse and mental health prevention, education and treatment services to assist adults in becoming productive members of society. The new Stamford location will be their first in the city, and fourth in Connecticut.

Avison Young is one of the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 82 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family and hospitality properties.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent