Boston-based Davis looks to sell Norwalk office building it bought for $17M

The Davis Companies, a Boston-based real estate investment firm, is looking to sell an office building in Norwalk, according to the Stamford Advocate. Davis bought the approximately 150,000-square-foot building at 40 Richards Avenue for $16.5 million in 2013 from Jersey City-based Mack-Cali Realty. The company has since carried out $6 million in renovations at the property, which is home to more than two dozen companies, including Fairfield County’s Community Foundation and Potoo Marketing, the Advocate reported. Davis has parted ways with several properties in the Fairfield area in recent years, including the $18.75 million sale of the Westport Center for Health in February. Davis, which has hired Cushman & Wakefield’s capital markets group to market its Norwalk office building, did not disclose how much it is seeking for the property. [Stamford Advocate]