Stamford, CT – October 17, 2018 – Cushman & Wakefield announced today that the firm has arranged the sales of five properties located in New Canaan, Trumbull and Stamford, CT. The firm’s brokerage team of Al Mirin, Kate Schwartz and Matthew Torrance, represented the sellers in all four separate transactions.
“Fairfield County continues to be a sought-after location for commercial real estate buyers,” said Al Mirin, Cushman & Wakefield Executive Managing Director. “These sales are the latest of several transactions we’ve represented in Fairfield County, demonstrating a clear demand for all types of properties including development value add, retail, and owner-occupied.”
- 50 Pine Street, New Canaan, CT, a 14,880± SF retail building located within walking distance of the Metro-North train station and upscale retailers, restaurants, grocery stores and service-oriented businesses. The property was purchased by Cross Realty LLC for $4,350,000.
- 48 Monroe Turnpike, Trumbull, CT consists of a two-story 252,948± SF office building situated on a highly visible 12.67± acre site overlooking the Pequonnock River and surrounded by destination retail and service businesses. It sits just north of Monroe Turnpike and Route 25 which provide connectivity to the Merritt Parkway. Senior Living Advisors purchased the property for $3,250,000. Cushman & Wakefield’s Kathleen Fazio assisted the team in this transaction.
- 42 West Broad Street, Stamford, CT (W Broad Street Portfolio) is a collective 1.3 acre± site occupied by a car dealership. The property is situated at the Northwest edge of Stamford and is within walking distance to a high concentration of businesses, hotels, entertainment, retail and service establishments. The property was purchased by 3 Gen Holdings, LLC for $7,250,000.
- 1111 & 1177 Summer Street, Stamford CT encompasses two six-story multi-tenant office buildings featuring recently renovated lobbies, bathrooms, elevator cabs and upgraded mechanical systems – each with five stories office space above a ground level entry lobby that collectively total 127,921± The building is set on a highly visible 1.58± acre parcel of land which spans an entire city block on the east side of Summer Street. The property was purchased by 1111 Summer Street Venture LLC for $12,400,000. Cushman & Wakefield’s Kevin McCarthy assisted the team in this transaction.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.