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Family-Owned Mixed-Use Greenwich Portfolio Fetches $19M
Marcus & Millichap arranged the sale of the Nolan Thomas Portfolio, a four-building, 47,256-square-foot mixed-use portfolio in Greenwich, CT. The properties sold for $19 million.
Stephen Westerberg of Marcus & Millichap’s Manhattan office, who represented the seller, said, “It was a complex transaction due to the large number of family owners being represented, each with varying tax and estate needs. We assisted the family in overcoming the challenges of divesting a century-old, multiple-family-owned asset.”
He added, “This unique offering generated a deep buying pool with multiple qualified offers to purchase the property. The buyer has acquired an irreplaceable property in one of the best and most desirable locations of greater Greenwich.”
The buildings are one block from the Metro-North Railroad station in Old Greenwich and easily accessible from Interstate 95. There are 17 retail storefronts, 17 office suites, 10 apartments and an 11,226-square-foot, single-story warehouse.
- ◦Sale/Acquisition
