GE site set for sales push
FAIRFIELD — With General Electric’s corporate headquarters on Easton Turnpike expected to officially go on the market, locally based Kleban Properties is poised to make an “aggressive” push to buy the 68-acre site.
CBRE is the broker for the property. However, when asked to confirm that the GE offering would become official, Johanna Clark-Wendt, a marketing and communications manager for CBRE said, “We do not comment on active marketing assignments.”
But Kleban said it was ready to move ahead. “We think that it’s an absolute necessity, as far as we’re concerned, for our company, and for the town of Fairfield,” said Albert Kleban, chairman of Kleban Properties. “We’re going to be very aggressive.”
Kleban Properties, a Fairfield-based real estate investment/development company, owns the Brick Walk, a downtown retail/office complex, as well as other properties on the Post Road and Black Rock Turnpike. It recently knocked GE out as the town’s top taxpayer.
Albert Kleban came up with the idea to try and acquire the site within days of GE’s announcement earlier this year that it would move its corporate headquarters to Boston. He said he wants to make it a technology hub, with an educational component.
To that end, the company has already reached an agreement with Fairfield University, which would lease space at the site.
Kleban said Monday that the company was aware the property was set to be marketed. “We’re well aware of it,” he said. “We expect to be in the forefront.”
Since it is a public company, Kleban said, GE would need to solicit competing bids, and all involved would be required to sign a confidentiality agreement.
The two office buildings and the hotel on the property are assessed at about $59 million.