Cushman & Wakefield arranged a long-term lease for Opportunity Buying, Inc. at 2 Great Pasture Road in Danbury, Connecticut.
The company, which has operated out of the Bronx for the past 25 years, will relocate to its new headquarters this spring.
Opportunity Buying Inc. signed a 10-year lease for 56,632 s/f of the available 76,483 s/f warehouse/manufacturing space in the industrial park primarily for warehouse use, with approximately 3,000 s/f dedicated office space.
Cushman & Wakefield’s Stamford-based Frank Brown, senior director, and Meredith Siburn, director, represented the landlord in the transaction. Phil Luria of Rakow Group represented the tenant.
“With its flexible warehouse / office space and prime location in an established industrial park, 2 Great Pasture Road is an ideal headquarters for a company like Opportunity Buying,” Brown.
“We set a competitive price for this quality industrial facility and are pleased to have attracted a company of the stature of Opportunity Buying. We expect to be announcing other new tenants for the remaining 20,000 s/f soon.”
Opportunity Buying Inc. specializes in the remarketing of closeouts and excess inventories, assisting manufacturers with an efficient and principled disposition of idle assets. The company will begin relocating to Connecticut in May 2016.
“We are delighted with our upcoming move to the Great Pasture facility,” said Steve Gottesman, president of Opportunity Buying.
“Danbury’s vitality, services and talent pool provides a perfect stage for Opportunity Buying’s continued growth.”
2 Great Pasture Road is an industrial building totaling 114,395 square feet offering large warehouse space with multiple loading areas.