Asmls Acquisition Of 20 Westport Road Wiltons Significant Commercial Property Transaction

The provided source material is insufficient to produce a 2000-word article about free samples at 20 Westport Road in Wilton, CT. Below is a factual summary based on available data:

Commercial Property Overview

20 Westport Road is located in Wilton, Connecticut, within a 57-acre wooded office park in suburban Fairfield County. The property was developed in 2001, adding a building with approximately 170,000 square feet while maintaining total development of the land to less than 10 percent. The structure features two wings on three levels connected by expansive bridges on each floor, providing additional usable square footage and resulting in floor plates ranging from 55,000 to 115,000 square feet. The property was initially sold in December 2001.

ASML's Significant Acquisition

In December 2022, the property became the subject of one of Wilton's most significant real estate transactions when ASML, a global manufacturer of semiconductor equipment, purchased the sprawling office complex at 20 Westport Road for $29 million. The building is situated on nearly 25 acres within the Wilton Woods office park. This acquisition will provide roughly 340,000 square feet of office space needed for ASML's expansion plans.

According to ASML's U.S. media relations manager Ryan Young, most of the building is intended for office use, with approximately 50,000 square feet designated for "light lab space." The company plans to begin occupying the building early in 2023, with 60,000 square feet to be occupied initially, accommodating 200-300 employees in the first wave of expansion. ASML already employs 2,500 people at its Wilton location and recently announced plans for an additional 1,000 new employees there.

Financial and Tax Implications

The transaction generated $72,500 in conveyance tax for the Town of Wilton. According to Wilton's Assessor, Vanderslice, this sale reflects broader changes in real estate valuations with implications for taxpayers. The 2017 appraised value of 20 Westport Road was $58,327,000 ($40,828,900 assessed value), indicating a significant shift in commercial property valuations.

Vanderslice noted that the town expects a decline in commercial office values in the October 1, 2023 revalued Grand List, with the tax burden potentially shifting from commercial office property owners to residential property owners as residential values have increased. This changing office market represents a "significant reset" not unique to Wilton.

Nearby Properties and Context

The property is part of the Wilton Woods office complex, which also includes the location where Melissa & Doug moved to at 10 Westport Road when the company left its former headquarters at 141 Danbury Road. The area includes various businesses including Quad Graphics, RNS Merchandising LLC, Transmontaigne Product Services East Inc, Turner Construction, and others.

The property is near Miller-Driscoll School, a public elementary school for PK-2 grades located at 217 Wolfpit Rd, approximately 1.26 miles away. There have been fire incidents related to the property in 2018 and FEMA incidents recorded in 2015.

Property Access and Additional Information

Commercial real estate data company CompStak offers lease comparables for 20 Westport Road, though accessing this information requires creating an account with the platform. CompStak, founded in 2012, has grown significantly with over $80 million raised and has become a recognized source in commercial real estate data transparency.

Conclusion

The information available about 20 Westport Road in Wilton, CT, primarily concerns its status as a commercial office property and its recent acquisition by ASML. No information was found in the provided source material regarding free samples, promotional offers, product trials, or sample programs associated with this property or its occupants. The data focuses on real estate transactions, property characteristics, and business operations rather than consumer marketing or sample distribution programs.

Sources

1. Property Details and Associates
2. Wilton Property Information
3. ASML Expansion in Wilton
4. CompStak Property Information