Fellah represented the buyer, 1300 PRE TRUST, LLC, while Tommy Febbraio and Vince Byrne of Coldwell Banker Commercial, Fairfield, represented the seller 1300 Post Road Associates, Limited Partnership.
The price was $4,110,000.
The property includes two office and retail buildings totaling approximately 10,954 SF, and it is situated on a 1.09 Acres lot zoned GBD – General Business District.
While the buyer has not disclosed yet what he intends to do with the property, this transaction confirms the continuing strength of the Westport commercial property market and the interest of developers and investors throughout the region to invest in Westport real estate.
Attorney Stephan Grozinger, Esq. – Weston, CT represented the seller and attorney Neil Marcus, Esq. – Cohen & Wolf – Danbury, CT represented the buyer.
HK Group is a full service commercial real estate firm started in 1988. It has grown steadily from a local Westport business to one which today encompasses an operating area of New York, Connecticut and New Jersey. The firm follows client led transactions into other states. It has expanded its vision from local leasing to larger and more sophisticated leasing transactions, investment sales transactions, national client retail leasing, and consulting and brokerage services for the health care and hospitality industries. For more information, please visit their website at www.hkgrp.com.