per person / month
Our ref: # 6844
This centre in Norwalk is a seven-story class A building owned by Mack Cali Realty Corporation and is strategically situated at the Stamford/Darien border, adjacent to and highly visible from I-95 (CT Turnpike) and just one block from Route 1. The building, with its recently renovated lobby, offers an on-site sundry and snack shop, garage parking and is walking distance to retail, restaurants and the Clarion Hotel Norwalk. The Central Fairfield County submarket, where 40 Richards is located, saw noteworthy leasing from GE Commercial Finance (87,000 SF), Vertrue (82,000) and Carlson Marketing Group (83,000 SF), while ending the year with 86% occupancy with average asking rents of $29.44 per RSF. The continued corporate growth in the Central market and strong demand throughout Fairfield County make 40 Richards an attractive alternative business center location within our portfolio. We have underwritten this center as a lower priced alternative to our locations in Stamford.