News: Front Section
Posted: September 29, 2017
Dunne and Bardsley of CBRE’s Institutional Properties reps. RNY Property Trust in $26.25m sale
Shelton, CT 710 Bridgeport Avenue LLC, controlled by RNY Property Trust, was sold for $26.25 million, to Sun Equity Partners, LLC. Jeffrey Dunne and Steven Bardsley of CBRE’s Institutional Properties represented RNY.
710 Bridgeport Ave. is a 452,414 s/f flex/industrial office building located on the eastern border of Fairfield County on 36 acres and includes a heliport. Currently 72% leased, tenants include PerkinElmer Health Sciences, Inc. with 130,035 s/f, and Panolam Industries International, Inc. with 79,000 s/f, which anchor the property.
Located off Exit 12 of Rte. 8, the major connector between I-84 and I-95 allows access to Manhattan, Hartford and Boston.
Dunne said, “710 Bridgeport Ave. is a high-quality flex asset and offers stable income and upside from nearly 128,000 s/f of vacancy.”
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