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New York & Tri-State  + Fairfield/Westchester  + Office  |  January 14, 2021
Paul Bubny
By: Paul Bubny

Boutique Offices Trade in CT

CBRE closed the $10-million sale of a boutique office building at 2150 Post Rd. in Fairfield, CT. A CBRE team of Jeffrey Dunne, Steven Bardsley, David Gavin, Jeremy Neuer, Gene Pride and Stuart MacKenzie represented the seller, an entity managed by Davis Marcus Partners, and also procured the buyer, a group led by Valley East Management.

CBRE’s marketing process, in addition to garnering optimal pricing, also focused on securing a buyer that would meet the existing lender’s debt assumption requirements.

“We are very pleased to have represented Davis Marcus Partners in this transaction and source a buyer with the financial strength and operating experience to assume the existing debt,” said Dunne, a vice chairman at CBRE. “2150 Post Rd. will be a complementary addition to Valley East’s growing Fairfield County portfolio.”

2150 Post Rd. is a 50,880-square-foot boutique office building. It’s currently 96% leased.

For comments, questions or concerns, please contact Paul Bubny

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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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