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January 14, 2021 Comments (0) Views: 277 Fairfield / Westchester, New York News, Tri-State Area New York

Boutique Offices Trade in CT

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CBRE closed the $10-million sale of a boutique office building at 2150 Post Rd. in Fairfield, CT. A CBRE team of Jeffrey Dunne, Steven Bardsley, David Gavin, Jeremy Neuer, Gene Pride and Stuart MacKenzie represented the seller, an entity managed by Davis Marcus Partners, and also procured the buyer, a group led by Valley East Management.

CBRE’s marketing process, in addition to garnering optimal pricing, also focused on securing a buyer that would meet the existing lender’s debt assumption requirements.

“We are very pleased to have represented Davis Marcus Partners in this transaction and source a buyer with the financial strength and operating experience to assume the existing debt,” said Dunne, a vice chairman at CBRE. “2150 Post Rd. will be a complementary addition to Valley East’s growing Fairfield County portfolio.”

2150 Post Rd. is a 50,880-square-foot boutique office building. It’s currently 96% leased.

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