Vacancy Rate Trend Chart

Fairfield Office Vacancy Rate Remains Low as GE Pullout Nears

CBRE has been retained to advise GE on the sale of the property as local real estate investment firm, Kleban Properties, is aggressively pursuing an acquisition.

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Kerin and Herbst Invited to Appraisal Institute Panel

Dave Herbst will be the moderator of a panel featuring Attorney Mario Coppola of Berchem, Moses & Devlin, P.C., Bill O’Brien, MAI, CCMA, Assistant Assessor in Norwalk, Roger Palmer, MAI, Deputy Assessor in Middletown, and Chris Kerin, partner of Kerin & Fazio, LLC.

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Trefoil Park Sells for $26.7M

Trefoil Park, in Trumbull, has sold for $26.7 million. The five-building office/flex park sold 96% occupied, with 36% of the rented area leased to tenants who have occupied their space for ten or more years. The buyer has appointed Cushman & Wakefield, which brokered the deal, as the management and leasing agent for the complex.