Greenwich Office Building Sells for Nearly $4 Mil

GREENWICH, CT-Even though it is not situated in the highly sought after downtown district, the 20,500-sf 67 Holly Hill Lane office building still sold at the lofty price of nearly $200 a sf.

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.