288,795-Square-Foot LEED Certified office building on 104-Acre Parcel With Expansion Opportunity
WALLINGFORD, Conn., May 21, 2018 – A unique LEED-Certified campus set in the active northern New Haven regional submarket of Wallingford is now available for sale. Cushman & Wakefield has been appointed to offer a 100% leasehold interest in the Campus at Green Hill, a 104-acre complex at 108 Leigus Road in Connecticut’s busy I-91 corridor.
Located next to a park-and-ride off exit 15 on I-91 and close to Route 15, offering easy access to both Hartford and Fairfield Counties — 75 miles from New York City and 90 miles from Boston — the property’s two-story building offers 288,795 rentable square feet that is 75% leased to three well-known tenants: health insurer Anthem Blue Cross and Blue Shield; engineering, architecture and construction firm Burns & McDonnell; and Liberty Mutual insurance company. The property offers the opportunity for additional development with application-ready land that can accommodate more than 440,000 square feet of additional office space. The parcel fronting directly on I-91 can accommodate a building of approximately 118,000 square feet.
“This is a truly unique, high-end property and building centrally located between five of Connecticut’s top universities,” noted Cushman & Wakefield’s Andrew Merin, who is heading the assignment with David W. Bernhaut and Mark C. Phillips, based in East Rutherford, N.J., along with Jonathan Putnam and Robert Motley from the commercial real estate services firm’s Hartford office. “The innovative, sustainable design, flexibility and expansion potential of this opportunity will appeal not only to investors, but also to corporations, non-profits, and organizations that want to own a building designed to meet the needs of the future.
“In a suburban market where most buildings are only 60,000 to 80,000 square feet, this property’s size, at nearly 300,000 square feet, is distinctive, allowing for generous amenities, like a full-service cafeteria and a fitness center,” added Jon Putnam. “An increasing number of companies are adopting a denser configuration, and the property’s open plan, large windows for more natural light and parking ratio of 7 spaces to every 1,000 square feet of building space will enable them to comfortably handle a denser population. Completed in 2011, 108 Leigus Road is one of the newest class A office buildings in the market.”
“The Campus at Green Hill features excess power and excess HVAC capacity, with an under-floor air distribution system”, said Bob Motley. “All power, data and HVAC are under an 18-inch raised floor throughout the building in a flexible, easy-to-adapt configuration. The building also has 100 percent backup power with built-in redundancy. Wallingford has some of the lowest electric rates in the state. Combined with the building’s efficient systems, 108 Leigus Road’s utility costs are substantially less than is typical.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.