Lease To Ridgebury Tankers Fills Westport Office Building

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All of the office space at 33 Riverside Ave. in Westport is now rented, after Ridgebury Tankers signed a lease for more than 3,500 square feet of space on the third floor. Photo Credit: Contributed

WESTPORT, Conn. -- Citing the building's location on the water, Ridgebury Tankers has leased more than 3,000 square feet of commercial office space at 33 Riverside Ave. in Westport, a Fairfield real estate firm announced.

The 42,000-square-foot professional office building on the banks of the Saugatuck River in downtown Westport is now fully leased, Abbey Road Advisors announced. The shipping company signed a five-year lease for 3,772 square feet of space on the building's third floor.

“We selected this site because we like the water, and we’re able to walk to the center of town,” says Robert P. Burke, CEO of Ridgebury Tankers. “This professional office building gives us room to grow, and the location is central for all of us. There are quite a number of shipping companies located in Connecticut.”

In negotiating the deal, Steve Baker and Torey Walsh of Cushman and Wakefield were the brokers for Abbey Road Advisors, and Brett Sherman of Angel Commercial was the broker for Ridgebury Tankers, a shipping company founded in April 2013.

Abbey Road Advisors, a private real estate investment firm based in Fairfield, is the landlord. 

Ridgebury Tankers is "focused on the acquisition and operation of modern vessels in the tanker sector, especially those designed to carry medium-range refined products and Suezmax crude. Ridgebury Tankers is backed by Riverstone Holdings LLC, a New York-based private equity firm with extensive investments in the energy industry," a press release said. 

Ridgebury Tankers is led by a team with extensive shipping experience in tankers operations, chartering, structured finance, ownership and operational management in several shipping sectors.

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