In a notable transaction along Norwalk’s Route 7 corridor, the 4,316-square-foot office building at 99 Main Street has been sold by 99 Main Street LLC—a partnership owned by George Wargo and Lance Liljeqvist—to 99 BEAJ, LLC, a private entity formed by Drs. Brenda and Erik Slovin. Choyce Peterson, Inc., led by Vice President Scott Peterson, represented the sellers in this assignment. The sale stands out for its strategic marketing approach, the building’s appeal to healthcare users, and its prime location with accessibility to major thoroughfares.
Marketing Strategy and Execution
Choyce Peterson’s Capital Markets team was appointed as exclusive agent after the seller received the company’s quarterly real estate reports. The team executed a multi-channel marketing campaign, listing the property on global commercial real estate platforms, leveraging social media, and distributing targeted materials to local, regional, and national investors. Their outreach generated significant buyer interest, ultimately connecting with Drs. Brenda and Erik Slovin—healthcare practitioners seeking a prominent Norwalk location. The building’s adaptability to medical use, combined with Norwalk’s pragmatic zoning, proved critical in facilitating the transaction.
Sale Details
- Broker: Scott Peterson, Vice President, Choyce Peterson, Inc.
- Asset Class: Office (Healthcare Conversion)
- Sale Price: $1,170,000
- Buyer: 99 BEAJ, LLC (Drs. Brenda and Erik Slovin, Slovin Chiropractic Center)
- Seller: 99 Main Street LLC (George Wargo and Lance Liljeqvist)
Property Summary: 99 Main Street
- Address: 99 Main Street, Norwalk, CT
- Total Building Square Footage: 4,316 SF
- Year Built: 1940
- Building Type: Standalone Office Building
This highly visible building features attractive interior layouts and is strategically situated for healthcare, professional office, or owner-user occupancy.
Route 7 Corridor: Neighborhood Overview
- Stew Leonard’s (100 Westport Ave) – Iconic local grocery retailer offering a unique shopping experience.
- Norwalk Public Library (1 Belden Ave) – Community resource providing educational programs and services.
- SoNo Collection (100 N Water St) – Upscale shopping mall featuring national brands and dining options.
This office building benefits from good access to I-95 and the Merritt Parkway, streamlining commutes for clients and staff. The presence of major retailers, civic institutions, and retail amenities nearby enhances the location’s visibility and convenience for a healthcare practice or office user.
Nearby Restaurants
- Blackstone’s Steakhouse – 181 Main St: Upscale chophouse offering cocktails, steak & seafood, including a raw bar, in a contemporary space.
- Valencia Luncheria – 164 Main St: Relaxed café featuring fresh-squeezed juice and jumbo plates of empanadas, arepas & casual Venezuelan fare.
- The Dilly Duck Shop – 666 Main Ave.: – A charming café known for gourmet sandwiches, fresh salads, and house-made drinks—perfect for casual team lunches or catered meetings.
Nearby Hotels
- Even Hotel Norwalk – 426 Main Ave, Norwalk: A modern hotel focused on health and wellness, providing easy access to nearby attractions and corporate parks, as well as the Merritt 7 and South Norwalk Railroad Stations for easy access to New York City.
- Hilton Garden Inn – 560 Main Ave, Norwalk: Charming 3-star hotel conveniently located near the center of Norwalk, just off Merritt Parkway and within easy reach of I-95.
- Delamar Westport – 1595 Post Rd E, Westport: A boutique luxury hotel offering elegant accommodations with modern amenities, including an indoor pool, fitness center, and Mediterranean dining. Conveniently located just minutes from downtown Westport, it provides a refined and comfortable stay for business or leisure travelers.
Conclusion
The sale of 99 Main Street exemplifies a strategic match between property, buyer, and location. Through targeted marketing, expert guidance, and Norwalk’s accommodating zoning, the transaction delivers a win for both seller and buyer. Drs. Slovin now gain a modern, accessible home for their growing chiropractic practice, while the City of Norwalk retains a valued healthcare provider in a prime corridor.
Client Testimonial
“We are so pleased with the Choyce Peterson team’s execution of the marketing and sale of our building. Scott and his team generated a significant amount of interest and guided us in selecting an excellent buyer. They were very well-organized and communicative as they navigated us through the sale process.”
— George Wargo, Seller
“We’re incredibly grateful to bring our chiropractic practice to this new location and to serve the community from our very own building. Creating a modern, welcoming space has been a dream of ours, and we’re excited for the opportunity to help even more people live healthier, pain-free lives.”
— Drs. Brenda and Erik Slovin, Slovin Chiropractic Center
Frequently Asked Questions (FAQs)
What is the history of this property?
Previously owner-occupied, the building is now transitioning to serve as the home for a healthcare practice.
What features stood out to the buyer?
The location’s high visibility, interior adaptability for medical use, and excellent highway access were key motivators.
Why is this a strong location for office ownership?
Good access to I-95 and the Merritt Parkway, proximity to community amenities, and supportive zoning regulations make this site highly desirable.
Was this a competitive bidding process?
Yes, the property generated considerable interest from both local and regional investors.
What are the buyer’s plans for the property post-sale?
The building will serve as the new home for Slovin Chiropractic Center, providing modern, patient-focused healthcare services.
How did Norwalk’s zoning impact the transaction?
Norwalk’s practical zoning regulations allowed for a smooth conversion to medical use, facilitating the buyers’ plans and expediting the process.
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