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January 4, 2021 Comments Off on Nuvance Signs for 220K SF in Danbury Views: 468 Fairfield / Westchester, New York News, Tri-State Area New York

Nuvance Signs for 220K SF in Danbury

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Nuvance Health Systems, which operates seven hospitals in Connecticut and New York State, signed a 12-year lease at The Summit at Danbury, formerly Union Carbide’s world headquarters in Danbury, CT. The 220,000-square-foot deal, which includes an option to expand to 300,000 square feet, is reportedly Connecticut’s largest office lease of 2020.

A partnership of Southport, CT-based Summit Development, Fort Worth-based Crestline Investors and Danbury-based Rizzo Companies acquired the 40-year-old offices in foreclosure for $17 million two years ago. Nuvance’s lease will bring the repositioned property to 80% occupancy.

Summit president Felix T. Charney said, “This is not only a success for us, but it allows Nuvance to have a unified, centralized headquarters, and obviously, it is a major economic boost for the City of Danbury and the State of Connecticut.”

Cushman & Wakefield’s Gerry Leeds, Maureen O’Boyle, Jim Fagan, Brian Scruton, Adam Klemick and Kathleen Fazio brokered the deal.

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