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Relative of Subway Co-Founder Peter Buck Purchases Connecticut Warehouse for $6.75 Million
Sentiment: NeutralHigh Priority
What Happened?
A relative of Subway co-founder Peter Buck has acquired a Danbury warehouse for $6.75 million. Plans include a $1.8 million renovation and a new 10,000-square-foot office.
Key points
- The warehouse was previously owned by the Salame family for three generations.
- Swampfield LLC, linked to the Buck family, completed the purchase in March 2025.
- The renovation will include a new office building and improvements to the existing warehouse.
- Danbury's planning department approved the renovation plans, which include landscaping and parking.
- The investment reflects a commitment to maintaining the site's industrial role.
Key insights
- The renovation could enhance local economic activity along Mill Plain Road.
- Maintaining the warehouse's industrial function may attract future commercial tenants.
- The project reflects a trend of modernizing older commercial properties rather than abandoning them.
Why it matters
This purchase continues the Buck family's legacy of investment in Danbury.
Tags
Entities
Peter Buck· PersonSwampfield LLC· CompanyDandy Foods· CompanyDanbury· CityConnecticut· State
Source
Times of India
