Medical & Dental Offices – Project Overview

• Property Type: Medical & Dental Office Building

• Building Size: 22,000 SF across 4 stories

• Typical Floor Size: 5,000 SF

• Construction: Masonry & Steel

• Year Built: 1972

• Renovations: Completed between 2000–2014

  • Full HVAC system replacement (2008)

  • Complete elevator mechanical and aesthetic upgrade (2011)

• Tenancy: 10 long-term medical and dental tenants

• Parking Ratio: 4 spaces per 1,000 SF of office space

Capital Equities Project Highlights

• Acquired by CEG: 1999 (at 60% occupancy)

• Objective: Reposition and modernize underperforming asset

• Strategy: Targeted renovations, tenant improvements, and active property management

• Results:

  • Increased occupancy from 60% to 100%

  • Established reputation as a premier medical building in greater Norwalk

• Disposition: Successfully sold at 100% occupancy, demonstrating full value realization

Location

• Centrally located just off Belden Avenue, near the heart of Norwalk’s business district

• Steps from Wall Street, one of Norwalk’s emerging commercial and cultural corridors

• Surrounded by key community institutions, including District Music Hall, Norwalk Public Library, and City Hall

• Close to Union Park and Mill Hill Park, offering nearby green space for employees and visitors

• Immediate access to Route 7 and I-95, providing seamless regional connectivity

• Within walking distance to various restaurants, cafes, and essential services including Greer Southern Table, McDonald’s, and A+ Driving School

• Minutes to East Norwalk and South Norwalk Metro-North Stations

• Convenient access to Norwalk Hospital, Greater Norwalk Chamber, and municipal offices