C​ushman & Wakefield Announces 3 Deals Signed at Danbury's Lee Farm Corporate Park

STAMFORD, CONN. – June 10, 2014 – Cushman & Wakefield today announced that three deals were signed at Lee Farm Corporate Park (83 Wooster Heights Road) in Danbury, Conn: one tenant expanded its office space, and two new tenants have been added to the building’s roster. 

Navigators Management Company, Inc., an international specialty insurance holding company headquartered in Stamford, Conn. renewed its lease and expanded from 3,400 square feet to 16,074 square feet.  Lenovo, a Chinese multinational computer technology company with headquarters in Beijing, China, and Morrisville, North Carolina, leased 10,665 square feet; and Energy USA Incorporated, a natural uranium trading company that supports nuclear power plants in the United States, Japan and other countries and is headquartered in Washington, D.C., leased 2,472 square feet. Energy USA Incorporated is relocating from 100 Mill Pond Road in Danbury, while Lenovo is establishing its first Connecticut office.

As the exclusive leasing agent, Cushman & Wakefield’s Meredith Siburn, director, represented the landlord, Lee Farm Partners, LLC, a joint-venture between Summit Development of Southport, Conn. and the Grossman Companies of Quincy, Mass.  Navigators Management Company, Inc. was represented by Ed Tonnessen, managing director, and Patrick Lennon, senior vice president, at Jones Lang LaSalle; Energy USA Incorporated was represented by Maureen O’Boyle, senior director at Cushman & Wakefield; and Lenovo was represented by Thomas Pajolek, executive vice president at CBRE.

Felix Charney, principal of Summit Development, said “We’re very excited to welcome Lenovo and Energy USA to Lee Farm and to thank Navigators for its continued tenancy at the Park.  We’re particularly pleased with our partnership with Cushman & Wakefield, which has yielded almost 40,000 square feet of new leases in the 13 months since we took ownership of the property.  In addition, we have leases out with another two tenants for approximately 13,000 square feet.”

“We are pleased to welcome Lenovo and Energy USA Incorporated to Lee Farm,” Cushman & Wakefield’s Meredith Siburn said. “These companies join a prestigious roster of tenants who enjoy first-class building amenities with unparalleled views.”

Since becoming Lee Farm’s exclusive leasing agent, Cushman & Wakefield has attracted prominent new tenants including Sandviks, MCMC and Comcast to the Park’s Class-A office environment.

Lee Farm, a five-story, 215,649-square-foot office building located at 83 Wooster Heights Road, at the intersection of Interstate 84 and U.S. Route 7 in Danbury, Conn., is considered to be Danbury’s premier Class-A office environment.  It is conveniently located across from the Danbury Municipal Airport and the Danbury Fair Mall and is situated on a beautiful hilltop, offering panoramic views of the countryside.  Lee Farm has a host of on-site amenities including a café, a fitness center and a conference center.  The lobby and café are currently being redesigned and renovated.  The property also features on-site property management, ample parking, and has earned an Energy Star rating of 90 out of a possible 100.

Additionally, Lee Farm Partners provides competitive rents and complimentary test fits for all prospective tenants that include turn-key build outs.

***

About Summit Development:

Summit Development, LLC is a privately held diversified real estate investment, development and management company headquartered in Southport, Connecticut, with offices in Chappaqua (NY) and North Palm Beach,(FL). Summit specializes in opportunistic and distressed real estate investments, with a focus on redevelopment and repositioning of existing undervalued assets. Summit founded in 1982 has completed in excess of 70 projects representing 5.2 million square feet .For more information: (203) 354-1500 / www.summitdevelopment.com.

About The Grossman Companies:

The Grossman Companies, Inc., based in Quincy, Mass., is a full-service commercial real estate firm offering investment, development, brokerage and management services throughout New England. For more information: 617-472-2000 /  www.grossmanco.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.