Cushman & Wakefield Appointed By Pitney Bowes To Sell 26 Acres Of Land In Shelton

20 Oct, 2006, Shelton

Commercial real estate services firm Cushman & Wakefield today announced its appointment by Pitney Bowes Inc. to sell three parcels totaling 26 acres of land located at Waterview Drive in Shelton, Conn.

The property, located off exit 13 from Route 8, is commercially zoned for light industrial park (LIP) development and usage. Jamie Covello, executive director of Cushman & Wakefield of New York, together with Patrick Colwell and Kevin Foley, senior directors, and Peter Shaplin, associate, of Cushman & Wakefield of Connecticut are representing Pitney Bowes and handling the sale of the property.

“This offering presents a rare opportunity for a savvy investor to develop a build to suit or speculative mixed-use property in a highly desirable area,” said Mr. Colwell. “Since there is a demand for light industrial and flex/office space in Shelton, we believe there will be strong interest from tenants in the market for this type of property.”

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Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.

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Contact: Alison Miller
XM Communications
914-589-8561
amiller@xm-pr.com

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