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CBRE Follows One Greenwich Retail Sale with Another
A week after arranging the sale of one retail property along Greenwich Avenue in Greenwich, CT, CBRE has finalized another. The team of Jeffrey Dunne, David Gavin, Jeremy Neuer and Travis Langer arranged the sale of 200 Greenwich Ave. a 62,850-square-foot mixed-use retail and office property, for $67 million.
The CBRE team represented 200 Greenwich Avenue, LLC, in the sale, and also procured the buyer, Kensico Properties. The sale follows on the heels of last week’s sale of 99 Greenwich Ave., a long-term CVS property that the team traded for $30 million.
200 Greenwich is anchored by Saks Fifth Avenue on the ground floor. In addition, Compass recently leased the majority of the property’s office space. Additional high-end retailers at 200 Greenwich include Sweaty Betty, Fjallraven and Vilebrequin.
“200 Greenwich provided a highly unique, generational opportunity to purchase the dominant property in the heart of Greenwich Avenue,” said Dunne.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
