Experiential Marketing Agency Relocates Offices to Centrally-Located Norwalk, CT Property; Close Proximity to Metro North and Major Capital Improvements Attract Major National Tenant
In a major transaction arranged in a joint effort by CBRE Group and Angel Commercial, L.L.C., Inspira Marketing Group has committed to a 13,650-square-foot, long-term lease at SoNo 50 (50 Washington Street), in the heart of South Norwalk, CT. CBRE Group represented the landlord and Brett A. Sherman, CCIM, Senior Vice President at Angel Commercial, L.L.C. represented the tenant in this transaction. This is the first major lease signed at the 13-story, mixed-use building before significant capital improvements have been compled by the ownership, Capital Equities Group.
Inspira Marketing Group, an experiential marketing agency specializing in reaching consumers, fostering meaningful connections and propelling brands forward, will relocate its Norwalk offices, currently located at 16-18 Ann Street, to the first and second floors of SoNo 50. In addition to its Connecticut operations, the national marketing agency has offices in Chicago, San Francisco and New York City. Inspira delivers award-winning campaigns for clients such as Microsoft, Diageo and Life Is Good, while devoting a portion of its profits to find a cure for pediatric cancer.
“SoNo 50will now beone of the most sought-after business addresses in Norwalk. SoNo 50 offers the ideal combination of superb amenities coupled with a modern industrial design and a central location with direct access to the Metro North station and major highways,” noted David Block of CBRE, who along with colleagues Steven Greenbush and Joseph Weaver, represent the building ownership and oversee leasing at SoNo 50. “Indicative of the property’s allure is Inspira’s long-term commitment even before all the capital improvements were completed.”
Acquired in 2014 by Norwalk-based Capital Equities Group, the tallest property in the market, is nearing completion of a multi-million dollar capital improvements campaign. This includes a grand new lobby nearly double in size with exposed beams, columns and ductwork; redesigned loft-like interiors; and the construction of a state-of-the-art fitness center, conference facility and game room/lounge. The exteriors of the boutique tower are also receiving upgrades that reflect the historic nature of the neighborhood with a modern touch. Steel glass canopies, new storefronts, and lighting are among the renovations nearing completion.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors, and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
About Angel Commercial, L.L.C.
Angel Commercial, L.L.C. is a full-service real estate brokerage firm headquartered in Fairfield County, Connecticut. The company specializes in the acquisition, disposition and leasing of office, industrial, multi-family and retail properties on a local and national level. Visit Angel Commercial, L.L.C. on the web at www.angelcommercial.com.
