In a transaction arranged by CBRE Group, Family & Children's Agency signed a 10-year, 9,000-square-foot lease at the freestanding property at 140 Water St. in Norwalk, which is owned by David Anspach. The nonprofit human service organization is relocating from a nearby 6,000-square-foot property.
CBRE's David Block and Barbara Segalini-Stilley negotiated the long-term lease on behalf of Family & Children's Agency, while Silver Pine Real Estate in Wilton represented the building ownership.
"The property at 140 Water St. is an excellent location within the Norwalk marketplace," said Segalini-Stilley, who is vice president at CBRE. "With the success of the Family & Children's Agency's local operations, there was a need for a larger space, and 140 Water St. afforded the nonprofit the opportunity to relocate to a more expansive property without having to move away from its community base."
According to Robert Cashel, president and CEO of the agency, "Our firm has experienced tremendous growth over the past few years, which necessitated the move to a larger space in order to better serve the community with our range of needs-based services.
"The freestanding building will also afford us the opportunity to incorporate our own branding throughout the property."
With more than 70 years of experience and expertise in the delivery of human services, Family & Children's Agency provides strength-based, solution focused services that respond to the individual needs of children and families, youth, adults and seniors.
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 2012 revenue). The company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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. Visit www.cbre.com for information.