Archives for January 2018

Real Estate Weekly – Deals & Dealmakers

Real Estate Weekly – Franco Fellah, Executive Vice President at HK Group, announced the following leases:

Shoe Inn, a retailer that sells upscale women shoes and accessories, leased 1,200 SF of retail space with a full lower level on New Canaan’s main drag at 36 Elm Street.     Shoe Inn already has eight locations in Westport CT, East Hampton NY, Livingston NJ, englewood NJ, West Hampton Beach NY, Rye Brook NY, Ridgewood NJ and Scarsdale NY

Coastal Connecticut Counseling, a therapy support center for individuals, couples, children and families leased 3,342 SF of office at 2960 Post Road in Southport, CT.

Waterman- Hurst, a senior executive consulting and advisory firm leased 2,170 SF of Class A office space at 40 Danbury Road Wilton, CT.  Bird, Bonette, Stauderman, Inc., advertising production consultants, leased 2,500 SF of direct waterfront office at 49 Riverside Avenue Westport, CT.  JoyRide Cycling Studio, extended their 4,207 SF lease in Darien. They have three additional locations in Westport, Wilton and Ridgefield.

HK Group completes the sale of 201 Main Street Westport

A team of three brokers, David Lindland, Franco Fellah and Matthew Keefe, has completed the sale of the 201 Main Street property for the price of $3,250,000.   HK Group was the only broker involved in the transaction.

The seller was the estate of Anna Nappa. According to ownership, they purchased the property around 1964: at different points in time it was the home of Violet Antiques and Alfred Heckman Distributors.  Eventually was occupied from 1971 and up to about two years ago, by Nappa Sales, doing general glass and screen repairs, selling windows, doors and glass.

The property contains 13 residential units and a retail store: the new owner, Belden Place, LLC has plans to redevelop the property into a first class residential property with 14 apartments and a retail store: three of the apartments will be classified as affordable.

The property features three separate buildings for about 10,050 SF total, situated on approximately 0.39 acres zoned Restricted Business District.

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