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New York & Tri-State  + Fairfield/Westchester  + Office  |  November 11, 2022
1 Lafayette Pl. and 1 E. Putnam Ave. in Greenwich, CT comprise a two-building office portfolio in Greenwich, Connecticut
Paul Bubny
By: Paul Bubny

Bradford Allen Makes Foray into NY Metro Investment Sales with Greenwich Office Duo

Jeffrey Dunne, Steven Bardsley and Travis Langer of CBRE’s Institutional Properties represented a joint venture between Global Gate Capital and Lincoln Property Company in the sale of 1 Lafayette Pl. and 1 E. Putnam Ave. in Greenwich, CT. CBRE also procured the buyer, Bradford Allen Investment Advisors, in its first New York metro area acquisition. 

The two-building Class A office portfolio totaling 90,268 square feet is 100% leased, providing stable cash flow. Situated in the heart of the Greenwich CBD and adjacent to the prestigious Greenwich Avenue, the location offers abundant tenant amenities including upscale dining and world-renowned retail.  

Dunne said, “1 Lafayette and 1 East Putnam provide a strong in place NOI, with institutional quality tenants in the strongest CBD market in the United States. With existing rents in the portfolio currently being 15% below market, Bradford Allen has added upside to grow rents in future years.”

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CBRE's Dunne

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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