The Feil Organization has acquired two Class A office buildings at 285 and 355 Riverside Avenue in Westport, CT for $43 million. In terms of price per square foot, the deal is one of the priciest this year in Connecticut, The Feil Organization said.

The properties, which comprise 94,647 square feet on 4.15 acres, consist of architecturally distinct office buildings located less than a minute’s drive from each other. The buildings are 96% leased to a roster of national and regional companies including Raymond James, RBC, and Sterling Investment Partners.

“Fairfield County has seen a surge of new residents, and Westport has been one of the biggest beneficiaries,” said Nicholas Dries, Director of Leasing at Feil. “The extremely tight Westport office market, with less than 5 percent vacancy and high barriers to entry, is further buoyed by the phenomenal migration into Connecticut, creating very positive market dynamics for these Class A riverfront assets.”

Dries says The Feil Organization has invested in many properties in the area over decades.  “As our first acquisitions in Westport, 285 and 355 Riverside Avenue will be a terrific addition to the portfolio.”