Wilton office building sold to real estate investment firm

An exterior view of the 40 Danbury Road office building that is part of the Wilton Corporate Park.

An exterior view of the 40 Danbury Road office building that is part of the Wilton Corporate Park.

Contributed photo

A limited liability company managed by New York City-based commercial real estate investment firm Northpath Investments has purchased one of the buildings in the Wilton Corporate Park, according to officials with CBRE, the commercial real estate firm that brokered the deal.

The two-story, 161,222 square foot building was sold by The Davis Companies, a Boston- based commercial real estate developer, to Wilton 40/60, LLC, which is managed by privately-held Northpath.

The building, which was built in 2008, is located at 40 Danbury Road. It was put it on the market in early 2019.

This Northpath's first foray into the Connecticut office space market. Officials with The Davis Cos. and Northpath were not immediately available for comment on Monday.

The building is currently 42 percent leased, according to officials with CBRE. Its tenants include commodities trading firm Louis Dreyfus as well as the audience measurement company Nielsen Holdings and TD Bank.

Northpath has a Connecticut retail center in its portfolio; Orange Plaza at 53 Boston Post is anchored by electronics retailer Best Buy.

Wilton Corporate Park is made up of four buildings office that are spread across 33 acres.  

Another of the four buildings in the office park, 50 Danbury Road, remains on the market, according to CBRE officials. That building, which is 221,070 square feet, was the subject of a 2019 foreclosure auction.

The Wilton Corporate Park campus lists as its owner a limited liability company controlled by Davis Marcus Partners that was created as a joint venture between The Davis Cos. and Marcus Partners, with the firms operated separately from offices in Norwalk and Boston.