CBRE team inks 35,500 s/f in deal.

CB Richard Ellis has completed three new lease transactions at 535 Connecticut Avenue, a 173,120 s/f, Class A office building located in Norwalk, CT.

The three companies committed to over 35,500 s/f of office space at the property.

Among the new tenants signing at 535 Connecticut Avenue are the Visiting Nurses Association (VNA) which is moving 5,500 s/f on the first floor of the building from an other Norwalk location. In addition, Questionmark, a producer of testing and assessment computer software, will relocate to 2,500 s/f on the same floor.

The University of Phoenix signed a lease for 28,000 s/f, making this the first Connecticut location for the institution, which views Norwalk as a strong market from which to draw new students. 535 Connecticut Avenue also offers ideal signage, high visibility and an easily accessible location near major transportation arteries for the nation's largest private university. It expects to open this location early next year.

Paul Jacobs, Colin Reilly and Robert Caruso of CB Richard Ellis' Stamford Office represented Matan Properties, owners of the property, in all of the transactions. WFL Real Estate represented Questionmark in its lease, CB Richard Ellis' Barbara Segalini-Stilley and Ray Thomas represented the Visiting Nurses Association, and Trammell Crow acted on behalf of the University of Phoenix.

"With the capability to efficiently accommodate users of all size ranges, 535 Connecticut Avenue offers high quality at a good value to tenants in the area," said Reilly. "The accessibility, visibility and area amenities combined with efficient floor plates, structured tenant and visitor parking, 24-hour security, on-site management and day porter service make this property a prime consideration for all tenants in the market."

Andrew Decry, regional manager at Matan Properties, owner of the building, said that the flexibility offered by the building is a plus for tenants looking for space.