Wilton, CT – Burton Real Estate (BRE), an industrial real estate company headquartered in Wilton, CT has acquired 2 Testa Place in Norwalk CT. This off-market transaction, centrally located in the heart of Fairfield Country, adds to BRE’s portfolio of value-add industrial assets.
2 Testa Place is situated in Norwalk, which is the 5th largest sub-market in Fairfield County. Joe Burton, President of BRE, states “Fairfield County is experiencing decreases in vacancy, positive net absorption and consistent increases in rent. 2 Testa is a very desirable property for us. It’s currently fully leased, but the location, layout, and attributes of this building give us tremendous confidence that we will be able to add meaningful value over the coming years.” This property is located within 1.5 miles of Interstate 95 (Exit 15) and has immediate access to service the 88,000 residents of Norwalk.
This acquisition adds another well-positioned industrial asset to the rapidly expanding BRE portfolio, where they focus on maintaining and creating value in their properties. BRE achieves this through rigorous physical inspections, maintaining strong owner/tenant partnerships, developing careful financial budgeting, lease administration, expense control and overseeing a balanced risk management plan.
About Burton Real Estate
Burton Real Estate is a privately held real estate investment firm specializing in the acquisition, management, and potential redevelopment of both performing and underperforming properties focusing primarily in the Northeast corridor.