DANBURY, Conn. -- Construction is underway after two properties at Lee Farm on Park Avenue in Danbury were sold and leased.
Hal Kurfehs, vice president of Coldwell Banker Commercial, Scalzo Group, announced the transactions.
A parcel of 6.8 acres of Lee Farm land was sold to Dr. Marshall Kurtz, who plans to build a new one-story 7,000-square-foot dental facility, Danbury Oral & Maxillofacial Surgery.
Kurfehs was the listing agent, and Craig Froehlich of Hegarty Real Estate represented the buyer.
The price for the 2.4 acres of land, located on Park Avenue across from Barden Corp., was $750,000.
According to Kurfehs, Kurtz has applied for permits to start construction on the one-story dental office.
"The remaining 1.2 acres will be available by Dr. Kurtz to interested parties for compatible uses,” he added.
Kurtz currently leases an office at 85 North St. and owns a second office at 487 Danbury Road in New Milford.
Kurfehs also completed a ground lease of 12 acres of the Lee Farm property to Algonquin Gas Transmission. The property is located on the south side of Park Avenue, extending from Barden Corp. to the connector at West Wooster Street.
The lease is from Oct. 5 to Dec. 31 2017, and totaled $280,000. Algonquin will use the land as a staging area for the installation of its gas pipeline through the Greater Danbury area.
The properties are along Park Avenue, just east of the Danbury Fair Mall and adjacent to Barden Corp.
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