July 5, 2016
JMC Holdings acquired Wexford Plaza, a 100,150-square-foot, Class A office property at 411 W. Putman in Greenwich, CT. The $51.5 million sales price to seller 411 Properties LLC was Greenwich’s largest in almost 10 years.
The building is 92.2% occupied, and one of the main tenants is The Camuto Group, a fashion design company. JMC plans to upgrade the remaining 8,800 square feet and lease it up.
Stephen Westernberg, Kim Mowers, James Ritman and Mike Cottle of Newmark Grubb Knight Frank negotiated the transaction on behalf of the seller. Ritman has been in charge of the property’s leasing program, and will continue in that role on behalf of the new owner.