NGKF Capital Markets represents seller in $51.5 million sale

411 West Putnam Avenue - Greenwich, CT

Greenwich, CT NGKF Capital Markets represented the seller in one of the largest commercial sales of office space in Greenwich since 2007. Located at 411 West Putnam Ave. – also known as Wexford Plaza – this 100,155 s/f, high-design, class A building sold for $51.5 million.

A NGKF team led by senior managing directors Stephen Westerberg and Kim Mowers, along with executive vice president and managing director James Ritman and executive vice president and regional manager Mike Cottle, negotiated the sale on behalf of 411 Properties LLC to the new owner, JMC Holdings LLC (JMC), a real estate investment company based in New York City

Ritman has directed the leasing program for the property since 2011, bringing the building to 92.2% capacity and will continue to provide these services to the new owner for the remaining vacant space. JMC plans to initiate a NYC-style pre-built program incorporating high-end finishes in the remaining 8,800 s/f. An affiliated company of 411 Properties LLC, The Camuto Group, a leading fashion design company, will maintain their corporate headquarters at 411 West Putnam Ave. in a continuing commitment with the new owner.