News: Brokerage

CT CCIM Chapter Deal of the Month; office-to-self-storage redevelopment

Trumbull, CT The Connecticut Chapter of CCIM has recognized the sale of 6 Cambridge Dr. as its Deal of the Month, highlighting a successful repositioning of a long vacant office asset. The transaction closed on December 22, 2025 for $2 million.

The 4.5-acre property includes a 68,000 s/f office building and an equally sized parking garage, both of which had remained vacant since at least 2013. Over the past decade, the site had become a blighted concern for the Town of Trumbull, prompting interest in redevelopment opportunities.

After a two-year effort involving extensive problem solving and coordination, the property was sold to a West Coast–based self storage development team. The buyer plans to demolish the existing structures and construct a new self storage facility, bringing fresh investment and renewed purpose to the site.

Jennifer Lynne, CCIM of Coldwell Banker represented the seller as the listing agent. Preston Lynn of Savills served as the cooperating agent.

This transaction underscores the continued trend of converting underutilized office assets into alternative uses, particularly in markets where aging office inventory presents opportunities for adaptive reuse.

Since 1969, Chicago-based, The CCIM Institute, has conferred the Certified Commercial Investment Member designation to commercial real estate and allied professionals through an extensive curriculum of 200 classroom hours and professional experiential requirements. Currently, there are more than 9,000 CCIMs in 1,000 markets throughout the United States, Canada, and 30 additional countries. An additional 4,000 practitioners are pursuing the designation, making The CCIM Institute the governing body of one of the largest commercial real estate networks in the world. An affiliate of the National Association of Realtors, The CCIM Institute’s recognized designation curriculum along with the Robert L. Ward Center for Commercial Real Estate Studies, powerful technology tools, and networking programs impact and influence the commercial real estate industry. 

Visit www.ccim.com for more information or locally, www.ctccim.com

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