RE Investment Firm Acquires Pickwick Plaza for $115M

GREENWICH, CT-In a deal that closed today (Thursday, June 6), Pickwick Plaza, a 238,000-sf office complex here, has changed hands.

Broadway Real Estate Partners, LLC of New York City purchased the property for approximately $115 million, local real estate sources say. The deal was announced by Scott J. Lawlor, founder and chief executive officer of the commercial real estate investment firm. Representatives of Broadway Real Estate Partners would not comment on the reported sale price for the property, which if accurate would translate into a deal worth approximately $480 per sf.

“Pickwick Plaza is a truly unique property which Broadway Partners is excited to own,” Lawlor says. “The high quality of the buildings and exceptional roster of credit tenants, combined with its ‘Main and Main’ location and proximity to amenities of downtown Greenwich, make it a highly desirable real estate investment. Pickwick Plaza is about as close as you can get to an irreplaceable property.”