GTherm, Inc. has subleased a total of 8,474 square feet of office space on the second floor of 500 Post Road East in Westport from Terex Corporation for a period of more than six years, through Dec. 31, 2016, it was announced today.
The commercial real estate firms of CB Richard Ellis and John D. Hastings were involved in the transaction.
GTherm, formerly with offices in Shelton, is a thermal technology firm planning to build power plants, using heat from “hot dry rocks” to produce clean, reliable electricity.
Terex Corporation, a diversified global manufacturer, the sublessor of the space GTherm occupied, recently moved to larger quarters at Nyala Farms Office Park. The term of the leases coincides with the conclusion of the Terex lease.
