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Wexford Plaza Fetches $51.5M

July 7, 2016 | Reprints | Unlock Link | Print

Wexford Plaza recently sold as the highest priced commercial sale of office space in Greenwich since 2007.

The 100,155-square-foot, class A building at 411 West Putnam Ave. sold for $51.5 million.

Senior Managing Directors Stephen Westerberg and Kim Mowers, along with Executive Vice President and Managing Director James Ritman and Executive Vice President and Regional Manager Mike Cottle of NGKF Capital Markets, negotiated the sale on behalf of 411 Properties LLC to the new owner, JMC Holdings LLC (JMC), a real estate investment company based in New York City.

“The size and location of the asset yielded tremendous buyer interest from prominent national owners of commercial real estate,” Mowers said in a statement. “The previous owners have kept the building modern, providing tenants with above standard common areas to complement their offices.”