Avison Young Chosen Leasing Agency For New Canaan Office Building

From Avison Young Global (via Catalyst Marketing Communications):

October 17 2019

Avison Young Awarded the Leasing Agency for New Canaan Office Building

Norwalk, CT – Sean M. Cahill, Principal and Managing Director of Avison Young’s Fairfield/Westchester office, announced that the agency will be representing the new owners, Besen Partners, for the property at 258 Elm Street in New Canaan, Connecticut.

The New Canaan building, which was previously 100 percent owner-occupied, includes 28,000 square feet and is adjacent to the New Canaan Metro North train station. The building also offers a 4:1 parking ratio in a secure parking garage.

Cahill said the location will be ideal for private equity, wealth managers and family fund offices seeking a premium location with many area amenities. Drew Steinberg and Sean Cahill will be the exclusive agents for the property.

“This building has several unique attributes that will appeal to businesses seeking office space,” Cahill said. “This is the first time this building and its quality space have been available for lease, and there is a strong demand for quality office space in this submarket.”

The site is the former home of Unimin Corp., which operates mining and mineral processing facilities across North America. The company put the building up for sale in 2016 as it merged with an Ohio-based company, Fairmount Santrol. The new company name is Covia.

“258 Elm Street represents the first acquisition of our new investment program to target boutique office buildings in supply-constrained affluent submarkets,” said Daniel J. Steinberg, Chief Investment Officer for Besen Partners. “We’re looking forward to working with Avison Young. We know that a lot of businesses in Fairfield County and Westchester County will find this space appealing.”

Avison Young is 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, with legacies dating back more than 200 years, the company comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.

This press release was produced by Avison Young Global (via Catalyst Marketing Communications). The views expressed here are the author’s own.