A New Orleans-based commercial real estate development firm plans to demolish a three-story office building in Trumbull that it purchased for $2 million, according to property records.
Trumbull CT Development Company LLC, controlled by Gordon H. Kolb Jr. of New Orleans, purchased the 62,464-square-foot building, at 6 Cambridge Drive, in late December.
Kolb is president of GHK Developments, a commercial real estate development firm that focuses on acquiring and developing commercial properties.
GHK is working with the town on getting permits to redevelop the 4.54-acre property, but would not disclose what it plans to build there.
“This is something that will be helpful to the community,” said William Henderson, co-founder of Texas-based commercial real estate firm AIE Partners who is partnering with GHK on the redevelopment. “Getting rid of this blighted property is very beneficial for the area.”
The purchase comes about 18 months after the town’s Planning and Zoning Commission in June 2024 approved a proposal by Newman Realty Partners to demolish the long-vacant, blighted office building and replace it with a 112,000-square-foot, three-story self-storage facility, according to meeting minutes.
On its website, GHK lists self-storage among its key markets, along with retail, medical office and other commercial development. It also lists ExtraSpace Storage as a featured client. Meanwhile, AIE says it has underwritten, developed and acquired more than 2 million square feet of storage projects nationwide.
Cambridge Office LLC — controlled by New Orleans-based Group 7 Holdings LLC — was the seller. Group 7 bought the Cambridge Drive property in 2015.
The building, which sits on 4.54 acres and was built in 1985, was appraised at $1.24 million and assessed at $868,000 in 2023.
