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Connecticut
Posted: February 17, 2017
Berke of Oxford Real Estate Group negotiates $4.5 million lease extension
Guilford, CT Michael Berke, president of Oxford Real Estate Group, Inc. negotiated a twenty year lease extension with an aggregate value of $4.5 million by and between Oxbank II, LLC with offices located at 2614 Boston Post Rd. and Webster Bank N.A. headquartered at 137 Bank St. in Waterbury.
Webster Bank has investment grade credit and is rated Baa1 by Moody’s Investor Service. The bank branch is approximately ten years old and was delivered as a build-to-suit de novo bank on behalf of Webster in 2006. Located at 192 Westport Ave. in Norwalk, this prime Fairfield County piece of real estate is a hard corner location with a traffic signal one block north of the original Stew Leonard’s.
Mike O’Connor, president of operations for Webster Bank, reaffirmed Webster’s commitment to the location and market by overseeing the process of this lease extension internally on behalf of the bank.
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Connecticut
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