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800 Connecticut Trades in Norwalk
Jeffrey Dunne, David Gavin, Steven Bardsley, Jeremy Neuer, Gene Pride and Travis Langer of CBRE’s Institutional Properties group closed on the sale of 800 Connecticut Ave. in Norwalk, CT. The CBRE team represented the seller and also procured the buyer, KH 800 Connecticut Avenue LLC, an entity owned and controlled by Kamran Hakim.
The sale price wasn’t disclosed. A fund sponsored by CBRE Global Investors paid $48.5 million to acquire the 412,231-square-foot, Class A office park from a MetLife affiliate in 2015.
The tenant roster at 800 Connecticut includes Booking Holdings’ world headquarters, Priceline, Hitachi Capital America Corporation’s U.S. headquarters, Remedy Partners and Omega Engineering.
“The seller’s repositioning of the property has turned 800 Connecticut into one of the premier properties in Central Fairfield County,” said Dunne. “We expect the buyer to benefit from the new amenities and strong cash flow.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
