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New York City Buyer Purchases Office Building On Westport's Post Road West

The 32,873-square-foot office property in Westport is fully leased.
The 32,873-square-foot office property in Westport is fully leased. Photo Credit: Contributed
The office building at 276 Post Road West in Westport has been sold. It sits on nearly 3 acres of land.
The office building at 276 Post Road West in Westport has been sold. It sits on nearly 3 acres of land. Photo Credit: Contributed

WESTPORT, Conn. – The sale of the Class A office building at 276 Post Road West in Westport has been finalized. The amount paid for the building was not disclosed.

Matthew Keefe, Franco Fellah, David Lindland and Justin Barry of Westport-based HK Group completed the sale. HK Group was the only broker in the transaction.

The fully leased 32,873-square-foot office property, built in 1987, is on 2.93 acres of land. It last changed hands in 2002 as part of a portfolio sale of four office buildings in Westport.

Tenants in the building include Iridian Asset Management, an investment management firm that works with institutional investors; Source Capital Group Inc., which provides investment banking and investor services; and Paragon Group Holdings Inc., a real estate investment and management company.

The terms of the sale were kept confidential.

The New York City-based buyer was interested in acquiring high quality real estate in Fairfield County and found 276 Post Road West to fulfill that requirement.

HK Group is a full-service commercial real estate firm started in 1988. It has grown from a local Westport business to one that today encompasses an operating area of New York, Connecticut and New Jersey. 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, visit HK's website at www.hkgrp.com .

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