WESTPORT, CT, – January 27, 2014 – Matthew Keefe, President, and Franco Fellah, Executive Vice President at HK Group, finalized the sale of the 21,000 SF retail property at 222 Post Road West in Westport for $5,750,000.
The two-story building, originally built in 1977, sits on a 1.35 acre lot and was approximately 96% leased at the time of the sale: it is home to Pompanoosuc Mills, Bel Mondo, Around the Rosie, J. Pocker & Son, Capel Rugs, Artee Fabrics and The Dance Collective.
The buyer is from out of state. Westport commercial property has recently attracted a number of out of state real estate investors, driven by the great retail activity of this market. Retailers have been opening stores in Westport because of the exceptional demographic profile of the town.
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.