777 Commerce Drive

Address: 777 Commerce Drive Fairfield, CT 06824

Date Acquired: December 2007

Location Description:

Located at the intersection of I-95 and Black Rock Turnpike, the property is directly adjacent to the future site of Fairfield County’s newest Metro North rail station, Fairfield Metro Center. The site features superb vehicular access, impressive local demographics and a strong level of tenant demand flowing north from southern Fairfield County.

Building Description:

Constructed in 1988, 777 Commerce Drive is a recently refurbished, 62,228 square foot, free-standing office building.

Major Tenants:

IPC Information Systems
HUB International
Competitive Technologies

Investment Rationale:

Continue to sustain the property’s historically high level of occupancy by actively maintaining the quality of the building and property management services while simultaneously capitalizing on the growth of market rent due to the northerly flow of tenant demand and the building’s direct proximity to the southbound side of future Metro North train station, which is expected to deliver in January of 2010.