Yale Leases City’s Largest Block of Vacant Space

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Yale University announced on January 24 that it had leased all of the vacant space in the Alexion Pharmaceuticals building at 100 College Street, 251,067 square feet that had been on the market
since Alexion moved its headquarters to Boston in late 2017.

With that one lease the overall office vacancy rate for New Haven dropped from 20.6 to 16.8 percent and availability in Class A buildings moved from 28.0 to 21.2 percent.

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Yale Leases City’s Largest Block of Vacant Space

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John Keogh

Broker

New Haven

I have more than 30 years of experience as a commercial real estate broker in Connecticut. In the course of that time I've become familiar with just about every type of commercial property and with all of the major geographical markets within the state.

For the last 15 years or so I've concentrated my efforts in and around New Haven. I represent landlords, tenants, buyers and sellers, mostly in transactions involving either office space or life sciences properties.

My clients have included Science Park Development Corporation, Omni Hotels, Olin Corporation, PMC Property Group, Thylan Associates, Bow Tie Partners, General Reinsurance, Metropolitan Life, New York Life and the FDIC.

I am perhaps best known these days as the leasing agent for major office and research properties including the downtown tower at 900 Chapel Street, Merritt Crossing at 440 Wheelers Farms Road in Milford, and Science Park, a large research campus near Yale University that was once the manufacturing complex of the Winchester Repeating Arms Company.

I also has deep experience in the sale of properties for investment and development. In 2017 I represented Gramercy Property Trust in the sale of four Citizens Bank branches.

I began my career in commercial real estate brokerage in Fairfield County, where I worked with William Pitt Commercial Real Estate in Stamford. I moved to New Haven in 2001 to join Traub & Company, a boutique firm started by Carl Traub, the former head of Cushman & Wakefield of Connecticut. When Mr. Traub passed away suddenly in 2003, I remained for 18 months to wrap up the firm’s outstanding business. The company was then merged with Colliers International.

I have brokered several of the transactions that have reshaped downtown New Haven over the last decade. I represented Omni Hotels in the leasing of 20,000 square feet of retail space, once part of the former Chapel Square Mall, to four tenants including Barcelona Restaurant. I also arranged the sale of 80 Temple Street, the former headquarters of United Illuminating, from Temple George Associates (an affiliate of Fusco Corporation) to Bow Tie Partners, which renovated the building as 44 apartments and a 7-screen movie theater.

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