STAMFORD, CONN. – June 13, 2014 – Cushman & Wakefield today announced that Online Trading Academy Norwalk has relocated to a 4,489-square-foot office at 488 Main Avenue in Norwalk. Online Trading Academy is a global leader in the financial education industry.
Cushman & Wakefield’s leasing team led by Steve Baker, Executive Director; Adam Klimek, Director; and Bill Montague, Associate Director; represented the landlord, Edgewood Capital Advisors. The tenant was represented by Stephanie Coleman, formerly of Cresa Real Estate.
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“488 Main Avenue is now 90 percent leased,” said Mr. Klimek. “I attribute that to Edgewood Capital’s responsive and hands-on management approach. Their capital improvement program transformed the property into a unique, boutique office building with the most competitive rents on the Route 7/Merritt Parkway corridor. When combined with the building’s location and high parking ratio, 488 Main Avenue is the value alternative in the Class-A office market in this area.”
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Jonathan Breen, Director at Edgewood Capital Advisors, added, “We’re very excited to welcome Online Trading Academy Norwalk to 488 Main Avenue. They’re a fine addition to our impressive tenant roster, comprised primarily of institutional-quality professional service firms. We’re also particularly pleased with our partnership with Cushman & Wakefield, which has yielded more than 16,000 square feet of new leases in the last 18 months. In fact, there is only one 4,010-square-foot unit remaining in the building.”
488 Main Avenue is a 36,000-square-foot office building located just off the Super 7 Connector in Norwalk, Connecticut. Conveniently situated in the heart of Norwalk’s Route 7 commercial district, the facility boasts easy access to both the Merritt Parkway and Interstate 95. The building features a high-tech infrastructure with fiber capabilities and is within walking distance of numerous restaurants and retail outlets. Edgewood Capital’s capital improvement program was recently completed and includes modernized lobbies, bathrooms, elevators and common areas, as well as updated and enhanced landscaping. With a 4/1,000-rentable-square-foot parking ratio, 488 Main Avenue is an ideal alternative for a wide range of office uses.
“This is the ideal location for Online Trading Academy Norwalk,” said Steve Flege, General Manager of the Online Trading Academy Norwalk Education Center. “We have had an increasing demand for investing and trading education in this region and we are excited to have a new center in Norwalk to support that growth.”
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About Edgewood Capital Advisors:
Founded in 2002, Edgewood Capital Advisors is a Fairfield-based, commercial real estate investment firm with a current portfolio of more than $250 million between its equity and mortgage investments. Edgewood Capital currently owns and manages a portfolio of more than half a million square feet of commercial space in New England, with a significant concentration in Fairfield County. The firm is actively seeking to grow its investment portfolio by targeting high-quality, commercial real estate assets in Fairfield County.
About Online Trading Academy:
Online Trading Academy helps its students take control of their financial future. Their patented Core Strategy empowers investors and traders to make smarter investment decisions. Students learn under the guidance of experienced traders in a hands-on, learn-by-doing classroom setting. In the Professional Trader course, students learn trading skills and then practice trading live, in the classroom, without paying commissions or risking their own capital by using Online Trading Academy’s money.
Online Trading Academy offers instruction from experienced industry professionals, as well as a wide array of beneficial home-study materials to supplement classroom study. More than 150,000 investors have experienced Online Trading Academy’s Education with classroom locations that include: Norwalk, Phoenix, Irvine, Los Angeles, San Jose, Denver, Orlando, Tampa, Fort Lauderdale, Atlanta, Chicago, Kansas City, Boston, Baltimore, Detroit, Minneapolis, New York City, Secaucus, Charlotte, Philadelphia, Austin, Dallas, Houston, Seattle, Washington, D.C., Milwaukee, Dubai, London, Singapore, Mumbai, Vancouver and Toronto. For more information, visit www.tradingacademy.com.
About Cushman & Wakefield:
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.
