Fellah of HK Group sells 1525 Kings Highway East, Fairfield, CT

Franco Fellah, Executive Vice President at HK Group, finalized the sale of the 16,000 SF office and flex building at 1525 Kings Highway East.

The building sold for $2,100,000, about $131 per SF: it is strategically located in very close proximity to the newly built Fairfield train station scheduled to open in November.

The buyer is an importer and distributor of electric motors: headquartered in Fairfield, the company has also offices in Chicago, IL and Brussels, Belgium. They intend to fully renovate the two-story building, which was built in 1966, and occupy a substantial portion of it.

The seller was CT Associates, LLC, a Connecticut- based corporation.

Fellah of HK Group was the only broker involved in the transaction.

Westport- based HK Group will continue representing the building for lease on behalf of the new owner.

Crawford and Wood broker 14,000 square foot Middletown, CT Medical Office Building Sale

Harden L. Crawford IV, Executive Vice President and Kerry Wood, Vice President of HK Group, a commercial real estate investment sales and leasing firm out of Westport, CT, brokered the sale of 100 Main Street, Middletown, CT for $3,144,000. The sale price represented $224.57 per square foot. 100 Main Street is a 14,000 square foot, single story Class A medical office and retail building located in downtown Middletown, CT within close proximity to Wesleyan University and Middlesex Hospital. The building was developed and owned by Centerplan Development Company and sold to a private Westport, CT investor. Both sides of the deal were represented by the above brokers

Fellah of HK Group sells 33 Miller Street in Fairfield, CT

Franco Fellah, Executive Vice President at Westport-based HK Group, finalized the sale of the commercial building at 33 Miller Street in Fairfield, CT.

The price for the 2,000 SF +/- building was $725,000. This $363 per SF sale confirms the strength of the downtown Fairfield commercial property market, where prices are holding their own in the current economic environment.

The building has enough parking to support the medical use that the buyer, Dr. Al Sofer, a plastic surgeon, intends to use the building for.

The seller was real estate developer Alex Conroy.

Tommy Febbraio and Vince Byrne of Coldwell Banker Commercial represented the seller: Franco Fellah of HK Group represented Dr. Sofer.

Crawford and Keefe broker 42,376 square foot Darien, CT Office Building Sale

Harden L. Crawford IV, Executive Vice President and Matthew F. Keefe, President of HK Group, a commercial real estate investment sales and leasing firm out of Westport, CT brokered the sale of 19 Old Kings Highway South, Darien, CT for $7,800,000. The sale price represented $184 per square foot. 19 Old Kings Highway South is a 42,376 square foot, three story class B office building located in downtown Darien, CT. within close proximity to the Darien central business district and railroad station. The building was sold to a private New Canaan, CT investment group. Both sides of the deal were represented by the above brokers.

HK Group specializes in the off-market sale and restructuring of commercial real estate assets in the tri-state area.

154 Post Road East

Franco Fellah, Executive Vice President at HK Group in Westport, procured the winning bid for the purchase of the 9,540 SF central US Post Office building located at 154 Post Road East, Westport at the corner of Bay Street.

The purchase price was $2,350,000: the sale was completed through a controlled bidding process, with the buyer selection parameters carefully selected by the US Post Office in conjunction with their broker.

The US Post Office will most likely remain at the current location until at least this fall before the announced relocation to Playhouse Square.
The winning bidder is 52nd Street Capital Partners VI, LLC, an out of state real estate investment company.

The building was built in 1935. Louis A. Simon, the Supervising Architect at the Treasury Department, was responsible for the design: he designed Federal Government buildings from 1852 to 1939.

Retail and restaurant are possible new uses for the building, but offices and medical are also allowed in the Business Center District. HK Group is the leasing agent for the buyer.

HK Group Sells 101-107 Post Road East, Westport, CT

HK Group announces the sale of 101-107 Post Road East in Westport and a historic mansion on Church Lane to a partnership led by David Waldman for $2,150,000. The building is 21,000 square feet and will be transformed into 11,500 square feet of two story retail.

The 3,450 square feet historic mansion is reserved for restaurant and office space.

Mr. Waldman of David Adam Realty is working closely with the Town to preserve the historic nature of these buildings while at the same time renovating them into a classic example of vibrant new real estate.

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