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Post-pandemic test : Available Danbury office building pitched as appealing alternative to NYC
Alexander Soule
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The Lee Farm Corporate Park at 83 Wooster Heights Road in Danbury, Conn., in February 2021.Alexander Soule/Hearst Connecticut Media
The owner of a trophy building overlooking Danbury Municipal Airport is seeking $45 million for the property more than 40 percent above the purchase price less than four years ago.
The sale price is something of a test on the appeal of offices at the outermost commuter orbit of New York City during the era of the coronavirus.
Lee Farm Corporate Park is home to the Connecticut half of IQVIA’s dual headquarters office the other is in Charlotte, N.C. with the company among the largest employers based in Connecticut. IQVIA had about 1,000 employees in Danbury prior to the pandemic forcing remote working arrangements, according to city documents. The company reported 70,000 employees globally entering this year.
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DANBURY, Conn., Dec. 28, 2020 /PRNewswire/ Continuing the stunningly rapid turnaround of the one-time Union Carbide world headquarters, Summit Development of Southport and Crestline Investors of Fort Worth in partnership with the Rizzo Companies of Danbury, today announced they have signed a lease with Nuvance Health Systems for 220,000 square feet at
The Summit at Danbury. The deal, the largest office lease in the state this year, will allow Nuvance to consolidate offices in Connecticut and bring 500 jobs from locations in New York.
The lease with Nuvance, formerly Western Connecticut Medical, is for 12 years and includes an option to expand up to 300,000 square feet. Nuvance operates seven hospitals in Connecticut and New York, including Danbury Hospital and Norwalk Hospital, and Putnam Hospital and Vassar Brothers Medical Center in New York. Its executive headquarters, back offices, labs and clinical facilities will be consolidated at
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