Complex fetches $17m.

Jeffrey R. Dunne and Christopher S. Leonard recently represented Danbury Office Center LLC, an entity controlled by Hall Investments, Ltd., in the sale of 40-42 Old Ridgebury Road for $17.2 million or $137p/s/f.

Mr. Dunne and Mr. Leonard were also responsible for procuring the buyer, Danbury General Partners, LLC, an entity managed by Martin Sands, Steven Sands and Isidore Mayrock.

40-42 Old Ridgebury Road is a two-building, 126,000 s/f office complex accompanied by a three-tiered parking garage located less than a mile from Exit 2 of Interstate 84 in the City of Danbury, Connecticut. In addition to its excellent location proximate to transportation, 40-42 Old Ridgebury Road benefits from a high quality tenant roster with some tenants who have been at the property for more than a decade, such as A.G. Edwards & Sons, Inc. (since 1994), Shemin Nurseries, Inc. (since 1996) and RMI Marketing Direct, Inc. (since 1996). Furthermore, General Electric has three different divisions at the property totaling nearly 88,000 s/f, and has been a tenant at the building since 1997.

Dunne commented, "40-42 Old Ridgebury Road is well positioned to take advantage of the continued residential and corporate growth that is occurring in Greater Danbury."