Trefoil Park, 35 Corporate Drive - Trumbull, CTTrumbull, CT Cushman & Wakefield represented The Silverman Group in the sale of Trefoil Park, a five-building, office/laboratory/flex park located at 35 Corporate Dr., for $26.7 million. Additionally, because of its thorough information package, starting with a clear and concise Offering Memorandum, Cushman & Wakefield located and worked with the buyer, 265 West 34th Street, LLC.
A Cushman & Wakefield team of Tom O’Leary, Gary Gabriel, Andrew Merin, David Bernhaut and Andrew Schwartz represented The Silverman Group.
“Trefoil Park presented a rare opportunity to purchase a flex portfolio in prestigious Fairfield County, CT,” said O’Leary, senior director of Cushman & Wakefield. “Given its strong history of tenant retention, we’re not surprised that the complex sold in such a short period of time, and we are gratified to continue our involvement with the property as its exclusive management and leasing agent.”
The five buildings included in the portfolio are:
• 35 Corporate Dr. (three stories and 54,899 s/f);
• 55 Corporate Dr. (three stories and 47,264 s/f);
• 126 Monroe Turnpike (two stories and 44,221 s/f);
• 30 Trefoil Dr. (single story and 45,615 s/f);
• 204 Spring Hill Rd. (single story and 40,675 s/f).
Trefoil Park has a diverse roster of 37 corporate and industrial tenants. At 95% leased, over 36% of the net rentable area consists of tenants that have held leases with the property for ten years or longer. Some of the buildings’ tenants include: Sun Products Corp.; Enthone, Inc.; Ocean and Coastal Consultants; Liberty Mutual and Bright Horizons Children’s Centers.
Trefoil Park offers an array of amenities including a fitness center located at 35 Corporate Dr. and a child care center located at 126 Monroe Tpke. The property also provides an abundance of parking space, flexible floor plates and high-tech security system access for all its buildings, and attractive landscaping. Located in the heart of Fairfield County, Trefoil Park is easily accessible to commuters and conveniently located within minutes of major highways such as the Merritt Parkway (Rte. 15) and Rtes. 8, 25 and 111, I-95 and I-84. The corporate campus is also situated nearby mass transit such as the Metro-North Railroad/Bridgeport rail station.
Additionally, Cushman & Wakefield has been appointed by 265 West 34th Street, LLC as exclusive management and leasing agent for the portfolio.
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory.
