{"id":1004129784,"date":"2015-10-21T05:50:43","date_gmt":"2015-10-21T13:50:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004129784"},"modified":"2020-05-18T23:56:09","modified_gmt":"2020-05-19T07:56:09","slug":"cbre-global-investors-connecticut-encore","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-connecticut-encore\/","title":{"rendered":"CBRE Global Investors\u2019 Connecticut Encore"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

CBRE Global Investors<\/a> has acquired RiverPark, a 412,231-square-foot, Class A office building located in Norwalk, Conn., on behalf of its CBRE Strategic Partners U.S. Value 7 fund.<\/p>\n

\"RiverPark,<\/a>This marks the second time in a decade that a fund in the Strategic Partners U.S. series has owned the asset. Previously, it held the property from 2005-2007, during which time it successfully executed a value-added strategy.<\/p>\n

\"Vance<\/a>

Vance Maddocks, CBRE<\/p><\/div>\n

\u201cWe know this building because we successfully owned and operated it in the past,\u201d Vance Maddocks, CBRE Strategic Partners U.S.\u2019s president, said in a prepared statement. \u201cWe look forward to re-invigorating RiverPark and restoring its market status to capitalize on current momentum in the submarket. With the enhancements we are planning, coupled with our overall strength of ownership, we can offer tenants a compelling proposition.\u201d<\/p>\n

Located at 800 Connecticut Ave., RiverPark consists of three wings connected by a four-story atrium, it contains a 120-seat full-service cafeteria, a professionally managed fitness center, shuttle service to nearby train stations, dry cleaning, picnic areas and a putting green.<\/p>\n

CBRE Global Investors plans to implement its signature 5-Star Worldwide service and amenity program, which consists of high-impact cosmetic upgrades and replacement of dated building components to attract and retain tenants seeking a vibrant, collaborative work environment and deep amenity offerings for its employees.<\/p>\n

The plan is for the team to re-introduce the asset to the market, highlighting the new responsive ownership.<\/p>\n

Norwalk is considered one of the best-performing submarkets in the Fairfield MSA, and has recently begun to attract large tenants relocating from Stamford and elsewhere in the county due to its central location and proximity to executive and workforce housing.
\nAccording to CBRE\u2019s 2Q Fairfield Office Market Report, the county as a whole was strong for the quarter, notable for the 30 percent increase in activity on behalf of the county\u2019s mid-sized tenants\u2014those occupying space ranging from 10,000 to 50,000 square feet. Norwalk deals were a great percentage of these.<\/p>\n

Jeffrey Dunne of CBRE\u2019s Institutional Properties brokered the sale of RiverPark. The property was 68 percent leased at the time of the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The global investment giant is coming full circle in Norwalk, Conn. with a repurchase of a Class A asset.<\/p>\n","protected":false},"author":451,"featured_media":1004129799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21747],"tags":[],"class_list":["post-1004129784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-office"],"acf":[],"yoast_head":"\nCBRE Global Investors\u2019 Connecticut Encore - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-connecticut-encore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Global Investors\u2019 Connecticut Encore\" \/>\n<meta property=\"og:description\" content=\"The global investment giant is coming full circle in Norwalk, Conn. with a repurchase of a Class A asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-global-investors-connecticut-encore\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-21T13:50:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T07:56:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/RiverPark.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1351\" \/>\n\t<meta property=\"og:image:height\" content=\"975\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-global-investors-connecticut-encore\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-global-investors-connecticut-encore\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"CBRE Global Investors\u2019 Connecticut Encore\",\"datePublished\":\"2015-10-21T13:50:43+00:00\",\"dateModified\":\"2020-05-19T07:56:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-global-investors-connecticut-encore\\\/\"},\"wordCount\":366,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-global-investors-connecticut-encore\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/10\\\/RiverPark.jpg\",\"articleSection\":[\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-global-investors-connecticut-encore\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-global-investors-connecticut-encore\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-global-investors-connecticut-encore\\\/\",\"name\":\"CBRE Global Investors\u2019 Connecticut Encore - 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