October 2015

Ameriprise Holdings Signs 7,640 SF Lease at 10 Wright Street in Westport, CT

Norwalk, CT – Marcus Partners, a value-oriented real estate investor, announced today that Ameriprise Holdings has signed a long term lease at 10 Wright Street, a property owned by an affiliate of Marcus Capital Partners Fund II, L.P.

Acquired by Marcus Partners in October of 2014, 8 and 10 Wright Street are currently undergoing a $5 million transformative renovation. The centerpiece of the program is the installation of new floor-to-ceiling windows, which offer spectacular views of the Saugatuck River and historic Westport Center.

The property’s lobbies, restrooms, elevators, landscaping, paving, entrances, signage, parking decks, and mechanical systems are undergoing significant improvements as part of the program.

David Fiore, who leads Marcus Partners’ NYC Metro office in Norwalk, CT, said, “We look forward to welcoming Ameriprise to 10 Wright Street in 2016. This lease recognizes the transformative repositioning program currently under way at 8 and 10 Wright Street and affirms its place as an excellent, best-in-class property.”

10 Wright Street and the adjacent 8 Wright Street jointly contain 84,000 square feet of office space and now have approximately 10,000 square feet remaining available for lease. The property’s immediate neighborhood is thriving with coffee shops, restaurants, and bars, while Westport Center boasts one of the most sought after Main Street addresses in America and is home to many national and local retailers as well as a thriving arts and literary community.

Marcus Partners is one of the largest owners and managers of real estate in the Fairfield County market. It owns and operates more than three million square feet of commercial space out of its New York Metro office in Norwalk, CT, and approximately five million square feet of commercial space overall along the East Coast.

Marcus Partners is currently investing its $250 million Marcus Capital Partners Fund II, L.P. in select markets on the East Coast. When fully invested, the Fund will own approximately $600 million of commercial real estate.


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