Shelton, CT

Shelton

Overview

A unique value-add flex-warehouse building in the heart of Shelton’s high-growth, Route 8 Corridor, Sun Equity Partners acquired the property at 72% occupancy with two anchor tenants, PerkinElmer occupying 245,704 SF and Panolam Industries, occupying 78,877 SF. Eastern Fairfield’s increased employment opportunities and the area’s low cost of doing business indicated a projected position of robust continued growth for this property. Upon acquisition, Sun Equity Partners negotiated a lease extension for PerkinElmer, which has occupied the property since 1991, extending their current lease thru 2029. PerkinElmer’s recent investment in the property, including newly constructed lobbies, energy efficiency conversions, and more, demonstrates their continued long term commitment to 710 Bridgeport Avenue.

Highlights

  • 36 Acre Property
  • 868 Parking Spaces
  • 450,000 SF Industrial
  • Office Warehouse Flex Space
  • 12 Loading Docks
  • 22 ft. Clear Heights
  • Year Constructed: 1975

Anchor Tenants

PerkinElmer, Panolam Industries

1 million
Commercial Sq. Footage
1
Residential Units
1
Properties
1
Years in business
$ 1 billion
Assets
1
States