A Technology Company and Turnkey Strategy Execution Platform Move Offices to Centrally-Located Norwalk, CT Property; Close Proximity to Metro North and Major Capital Improvements Attract Major Office Tenants
CBRE Group today announced two new lease transactions at SoNo 50 (50 Washington Street), in the heart of South Norwalk, CT. A technology company, committed to 7,200 square feet of office space, while Shibumi.com, a turnkey business strategy execution platform, took 2,900 square feet at the 13-story, mixed-use building, which has recently undergone thorough major capital improvements completed by the ownership, Capital Equities Group. CBRE’s David Block and Joseph Weaver serve as the exclusive leasing agents for the property and represented the ownership in the lease negotiations.
The technology company is today comprised of over 30 employees and will occupy 7,200 square feet of office space at SoNo 50. The CBRE team of Tom Pajolek and Lauren Crowley Corrinet represented the technology company in the lease negotiations, which included the ownership’s commitment to build turn-key space to the tenant’s specifications.
In addition to the technology company, Shibumi.com, a business strategy platform, inked a 2,900-square-foot lease at the newly renovated property. Thomas Connor of MJB Real Estate Services acted on behalf of Shibumi.com in the lease negotiations for high-end, new pre-built office space with polished concrete floors, open ceilings with spiral ductwork and glass office fronts. Additional pre-built units are available and landlord is offering turn-key build-outs to the same standard.
SoNo 50 is one of the most sought-after business addresses in Norwalk. The property offers the ideal combination of superb amenities, a modern industrial design and a central location with direct access to the Metro North station and major highways. Acquired in 2014 by Norwalk-based Capital Equities Group, SoNo 50 - the tallest property in the market - has undergone a multi-million-dollar capital improvements campaign, including a grand new lobby nearly double in size with exposed beams, columns and ductwork; redesigned loft-like interiors; and the construction of a state-of-the-art fitness center, conference facility, tenant lounge and game room with full pantry/bar, billiards and ping pong tables.
“The two newest leases are further proof that when owners commit to a targeted improvements campaign and building forward-thinking offices with the type of amenities demanded by todays employees, success will follow,” noted Mr. Block.
The entire building is backed-up by a two megawatt diesel generator, ensuring the full operation at all times. Also very unique, the property offers a state-of-the-art central server/colocation room, available to all tenants that choose not to construct their own server/data facilities. The colocation room is backed up by a 100KW gas generator and is fully monitored on a 24/7 basis. The exterior of the boutique tower has also received upgrades that reflect the historic nature of the neighborhood with a modern touch. Steel glass canopies, new storefronts, and lighting are among the renovations recently completed.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.us.
