CB Richard Ellis recently arranged the $6.9 million sale of 67 Holly Hill Lane in Greenwich. Al Mirin, first vice president of CBRE’s Westchester/Fairfield operations, represented the seller, Hattco Holly Hill LLC, while Jay Hruska of Cushman & Wakefield acted on behalf of the buyer, Greenwich Investment Group.
The property was built in 1983 and is a 3-story, Class A office property located along Route 1. Officials said the property is ideally situated, as it offers excellent access to Interstate 95 and Metro-North’s Greenwich and Port Chester train stations and is only a 15-minute drive from the Westchester County Airport. Totaling more than 20,550 square feet, the building is currently occupied by such tenants as Brown Paper and JJI Lighting. Approximately 6,200 square feet of space remains vacant.
“There has been tremendous demand for quality office properties for sale in Greenwich, Conn., over the past two years,” Mirin said. “In the first two weeks of marketing 67 Holly Hill Lane, we received multiple offers for the property and went to contract in less than three weeks.”
Coincidentally, CB Richard Ellis was involved in the original sale of the building to Hattco Holly Hill in 2001. At the time, the building traded for $3.9 million. In addition, CBRE has represented Hattco Holly Hill in more than 20 real estate transactions including five sales.
“CB Richard Ellis brings an unsurpassed reputation for providing the best quality service in the industry,” said Charles Hattenbach, general partner of Hattco Holly Hill, LLC. “I’ve worked closely with a number of CBRE executives over the years and have been impressed with the market knowledge, professionalism and the negotiation skills they possess. I had no doubt that they would find the ideal investor to purchase 67 Holly Hill Lane.”
Highgrove Opening Planned
Highgrove, the ultra-luxury condominium that will rise in downtown Stamford, will open a new Sales and Design Center at 992 Summer St. next Monday, Aug. 15. The multimillion-dollar facility will feature a full-scale model of one of the luxury residences being built on Forest Street.
Designed by renowned architect Robert A.M. Stern, Highgrove captures the look and feel of the classically designed “pre-war” era Manhattan apartment buildings. The 7,000-square-foot Sales and Design Center will feature a full-scale, furnished three-bedroom model residence, fitted with windows depicting the actual views the completed building will offer.
Highgrove has enjoyed exceptionally strong pre-construction sales, according to officials, who said the Sales and Design Center will be unlike any residential sales center seen in the New York metropolitan area. Visitors will enter a furnished lobby with a working fireplace. The model residence can be entered via a “faux” elevator that opens into the foyer, reflecting the feel of the private entrances that will serve all Highgrove residences.
The Sales and Design Center will offer information on Highgrove’s many luxury amenities and services including 24-hour valet parking and doorman, concierge, health club, sauna/steam room, pool with spa and a great room for entertaining.
The residences at Highgrove are priced from $1.3 million.