Insignia/ESG reports that the building, which is fully leased, was sold recently by Holly Hill Lane Associates to a group of Fairfield County-based investors operating under the name Hattco Holly Hill LLC. The sales price on the building was approximately $3.9 million.

Steven Bardsley, Steven Greenbush and Michael Siegel of Insignia/ESG represented the seller in the transaction. Bardsley, a managing director with Insignia/ESG, notes that the deal was a unique investment opportunity for a non-institutional owner that was looking to own an office building in the Greenwich market.

"I think that this particular building is well located and has significant covered parking, which was attractive," Bardsley says. "Another up side in the transaction was that the existing rent roll is slightly below market." He continues that covered parking facilities are highly sought after in the Greenwich area and the 67 Holly Hill Lane property features approximately 50 covered spaces along with another 30 uncovered spaces.