Wednesday, October 8, 2008

Davis Marcus Partners Signs Tygris Commercial Finance to Wilton Corporate Park's 40 Danbury Road

The First Green Office Building in Fairfield County Signs Second Tenant

WILTON, CT/PRNewswire/ -- Davis Marcus Partners, one of New England's leading real estate development companies, has signed Tygris Commercial Finance (Tygris), a commercial finance company, to a long term lease to occupy 14,687 square feet of space at the newly completed and environmentally sustainable 40 Danbury Road. (top right photo)

The first Gold LEED (Leadership in Energy and Environmental Design) pre-certified office building in Connecticut, 40 Danbury Road is set within the 33 acre landscaped office campus at Wilton Corporate Park (middle left photo) and located at the center of Fairfield County's Route 7 corporate corridor.

Tygris becomes the second tenant to occupy space at the 161,222 sq. ft., three story, Class A office building. Louis Dreyfus Corporation, the first tenant, occupies the entire top floor.

"Despite the slowdown in the overall commercial real estate market, we are seeing a great level of interest and activity around Wilton Corporate Park," comments David Fiore, senior vice president for Davis Marcus Partners.

"We are very encouraged and believe our LEED standards combined with our flexibility to accommodate both large and small tenants make Wilton Corporate Park one of the most desirable office building complexes in the market."

Albert B. Ashforth, Inc of Stamford, CT is the leasing agent for Wilton Corporate Park, and is represented by Jeffrey H. Gage and Edward Tonnessen. (middle right photo) Tygris was represented by Tom Pulie of USI Real Estate Advisors.

"The emergence of Route 7 in Wilton as an established business corridor and the competitive economics of the area make Wilton Corporate Park a very attractive choice," notes Tonnessen, executive vice president of Albert B. Ashforth. "That combined with Davis Marcus' notable reputation in the marketplace and David Fiore's personal, hands-on management of tenant construction has proven to be very appealing to tenants and was instrumental in securing Tygris."

Prudential Real Estate Investors (PREI(R)) is Davis Marcus' joint venture partner on the Park. This is the seventh project for Davis Marcus and PREI, the real estate investment advisory and management business of Prudential Financial, Inc. (NYSE:PRU).

As of June 30, 2008, PREI managed $47.4 billion of gross assets management ($32.2 billion net assets) on behalf of more than 400 clients and is ranked among the largest real estate investment managers.


CONTACT: Jeyran Ghara, +1-212-777-2220, jghara@southardinc.com, of Southard Communications for Davis Marcus Partners

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