Say Pepsi, please
Soft drink bottler with two-state option
Connecticut officials have rounded up as much as $30 million in spare change to extract Pepsi Bottling Group out of Westchester County, but the giant has yet to roll out the door into Danbury.
Two sources cited the ballpark incentive total being dangled by the Connecticut Department of Economic and Community Development, which would likely be attached to job growth targets – even as consumer-goods companies like Pepsi steel themselves for a slowdown in the economy that could affect consumer spending.
As reported in the Jan. 21 edition of the Business Journal, Grubb & Ellis Realty is marketing between 300,000 and 400,000 square feet of space at Danbury Corporate Center, though much of the space is spread in different parts of the sprawling complex.
Real estate brokers estimate that Pepsi Bottling uses at least 300,000 square feet of space at its Somers headquarters.
In remarks Jan. 16 at an economic-development conference hosted by the Connecticut Business and Industry Association, Tower Realty Corp. principal Mick Consalvo said negotiations are under way for a large new corporate facility in Danbury, which a local source confirmed.
Immediate speculation centered on The Reserve, a 575-acre tract of land south of Danbury Corporate Center that is zoned for commercial development.
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