March 22, 2019
REAL ESTATE ROUNDUP

Wareck D'Ostilio taps two new agents

PHOTO | Contributed
PHOTO | Contributed
David Fiske
PHOTO | Contributed
Matt Vander Wyden
PHOTO | Contributed
1423 Chapel St., New Haven
PHOTO | Contributed
535 Connecticut Ave., Norwalk

David Fiske and Matt Vander Wyden have joined Wareck D'Ostilio Real Estate. Fiske will work from the Woodbridge office located at 1673 Litchfield Turnpike, while Vander Wyden joins the company's Branford office at 978 Main Street.

Fiske, of Bethany, has 12 years of experience in the real estate industry and holds an S.F.R. (Short Sales and Foreclosure Resource) designation. His previous professional experience is in sales, retail, wholesale and distribution.

A resident of Guilford, Vander Wyden has 30 years of experience in the real estate industry. He earned a BS degree in business from Ramapo College. He previously held executive roles within the fashion industry including CEO and president of Born, and was also a senior manager at Hanes Brands and NFL Properties.

TRANSACTIONS

Principal Sean McDonnell and Senior Associate Christopher Grundy of Avison Young's Fairfield/Westchester office brokered the sale of 1423 Chapel St., New Haven from 1423 Chapel Condominium Association to Elm City Medical, LLC.

The purchase includes 16,000 square feet of medical office condominiums located directly across from the main entrance to Yale New Haven Hospital's St. Raphael Campus. Elm City Medical intends to renovate the building and modernize it to meet the needs of the current medical office market.

"The New Haven medical office market is very tight, with few availabilities within close proximity to major hospitals,'' Grundy said. "Although many investors in New Haven are converting commercial buildings to residential, the new ownership at 1423 Chapel sees the rare opportunity to renovate an existing medical office building and bring it up to the latest standards."

One tenant, New Haven Dental Associates, has already expressed plans to remain at the location.

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Avison Young's Fairfield/Westchester office also announced two new lease transactions at 535 Connecticut Ave., Norwalk. The building houses 170,000 square feet of Class A office space.

Best Friends Pet Care Inc. will lease 2,368 square feet of office space for its regional offices. The company runs a pet care service and has 30 boarding facilities in 15 states. Jackie Durels of Newmark Knight Frank represented the tenant in the transaction.

KenCast Inc., a content-delivery service, agreed to a 5,486-square-foot extension of its lease at the building it has occupied since 2011. Paul Kauffman and Mark Jacobs of JLL represented the tenant in the deal.

Last September 2018, Hanover Norwalk Investors LLC, an affiliate of Hanover Real Estate Partners of Greenwich, purchased the building. Hanover named Avison Young as the exclusive leasing agent for the building in December.

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