Westport, CT Angel Commercial, LLC completed the sale of 950 Post Rd. East, for $3.9 million. The 6,617 s/f building on 0.67 acres was previously the home of Men’s Warehouse.
Eva Kornreich, vice president at Angel Commercial, LLC, who represented both parties in this off-market transaction, said, “This sale demonstrates the continued strength of Westport’s retail real estate market, as the sale price represents a full-price offer secured within minimal time after reaching out to our network with this off-market opportunity.”
950 Post Rd. East has visibility with 165’ linear feet of frontage on Rte. 1 and is accessible. It is near I-95 and retail destinations, including Starbucks, Crate & Barrel, Patio.com, and a Maserati dealership. Built in 1989, the building is handicap accessible, with surface parking in front of the building and garage parking beneath the building.
Norwalk, CT Highcap Group has completed the sale of two luxury multifamily properties with a total of 120 units for a combined purchase price of $41.4 million.