-- Colliers Represents Non-Profit in Consolidation Play at 900 Chapel Street --
Colliers International Group Inc.(NASDAQ:CIGI, TSX:CIG) represented The Connection Inc. in a recent, 13,122-square-foot lease at 900 Chapel Street in New Haven. The private, non-profit human service and community development agency will occupy the full penthouse floor at the 142,439-square-foot, 13-story office tower.
The move to 900 Chapel Street accommodates a consolidation of two local Connection operations, according to Colliers’ Jeffrey Williams, who headed the site search with Hollis Pugh of the global commercial real estate services firm’s Stamford, Conn., office. John Keogh of Dow Condon d/b/a Colliers International served as landlord broker for PMC Property Group, which owns 900 Chapel Street.
The Connection has served Connecticut for more than 40 years. Each month, thousands of people throughout the state are assisted by the group’s behavioral health, family support and community justice programs. According to The Connection’s website, these programs reunite families; break the generational cycles of abuse and neglect; create safer, healthier communities; and assist with mental illness and addiction issues.
“This location is particularly well suited for The Connection, offering its clients direct accessibility from regional mass transit and major roadways,” noted Williams, Colliers’ Executive Managing Director | Market Leader. “The organization will benefit from the efficiencies of consolidation while enjoying the security, privacy and branding opportunities afforded by full-floor occupancy.”
The transaction marks Williams’ and Pugh’s first completed assignment for The Connection.
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Colliers International Group Inc.(NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
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