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Thursday, November 20, 2008 Mixed Use
An affiliate of Stamford, Conn.-based F.D. Rich Co. has purchased a five property portfolio of office and retail assets in South Norwalk for $24.75 million from a joint venture between Blackrock Inc. and Madison Marquette. Jeff Dunne, Dean Matus and Matthew Innes of CB Richard Ellis represented the venture and procured the buyer in the transaction. The portfolio contains 61,146 square feet of retail and 24,916 square feet of office space on Washington Street and Main Street in South Norwalk, a suburb of Stamford. It was 78 percent leased at the time of sale and was sold with a 5.1 percent capitalization rate. Dunne is a vice chairman and the leader of the New York Institutional Group, a 15-person team that specializes in New York and eastern second-tier cities. He was CBRE's top producing broker worldwide in 2004 and recently arranged the $53 million sale of the 9W Office Center in Fort Lee, N.J. Address: Washington Street & Main Street, Norwalk, Conn. Size: 86,062 square feet Filed Under: Mixed Use E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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