News: Brokerage

Tower Realty, Ryer Assoc. and Dagar Group lease 15,000 s/f

Working closely together Tower Realty Corp., Ryer Associates and The Dagar Group Ltd. have completed a lease for 15,000 s/f at 50 Miry Brook Rd. The space will be occupied by SST Repair Service which is a high end automotive repair company headed by Spencer Cox. The 15,000 s/f leased by SST is part of a larger facility totaling 41,996 s/f on 2.91 acres, according to Mick Consalvo, vice president of Tower Realty. "This is a great building for SST to locate its high end repair facility. It has everything - high ceilings, 110 car parking lot, full AC, fully sprinklered and city water, sewer and gas. This is a great location on the west side of Danbury with easy access to Rte. 7 and I-84," Consalvo said. Spencer Cox of Speed Sport Tuning has enjoyed a tremendous reputation in club racing circles throughout the U.S. and envisions the Danbury location as a state of the art facility for repairs of high end German cars including Porsche, Audi and BMW, according to David Livshin, president of The Dagar Group Ltd., who worked with Cox to secure the location. "When Spencer came to me he described the type of location envisioned and it required access from all points including Westchester and Lower Fairfield County. Identity for the facility was also another key ingredient. I called Jeff Ryer to assist me in the site selection knowing that his superior knowledge of the market would be a great asset," Livshin said. Jeff Ryer of Ryer Associates concurs with the assessment. "SST has chosen a great location for its business - with easy access to Danbury Municipal Airport, highways, and Metro North, the facility is very convenient to its customers and suppliers alike." Tower Realty Corp. represented the landlord, Fifty Miry Brook LLC, while Ryer and Dagar represented the tenant, SST Repair Service, Inc.
MORE FROM Brokerage

Wilder and Greenberg Gibbons for joint venture to acquire Wakefield Commons

Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.