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Wilton office building sold to real estate investment firm

A limited liability company managed by New York-based commercial real estate investment firm Northpath Investments has purchased one of the buildings in the Wilton Corporate Park, according to officials from 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 commercial real estate developer in Boston, 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 on the market in early 2019.

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

The building is currently 42 percent leased, according to officials with CBRE. Its tenants include commodity trading firm Louis Dreyfus as well as 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 consists of four office buildings spread over 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 created as a joint venture between The Davis Cos. and Marcus Partners, with the firms operating separately from offices in Norwalk and Boston.


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