WESTPORT, CT-Newmark Knight Frank has been retained to market 55 Post Rd. W., one of the few class A properties in the Fairfield County area. The building is currently fully leased through mid-2017 to Catapult Marketing, a marketing solutions agency, according to Paul Gojkovich, managing director of the Greenwich office of Newmark Knight Frank.

Gojkovich is marketing the 33,842-square foot property along with colleagues John Goodkind and Stephen Banker, managing principals in the firm.

“It’s definitely unusual--there’s not a lot that trades on the class A front in Westport and I think that, given it’s size it’s very unique,” Gojkovich tells GlobeSt.com. “A lot of the class A buildings are a little bit larger so this is an investment that doesn’t require a ton of capital.”

The building is owned by a hedge fund, Oak Tree Capital Management. Interest so far has leaned toward the private investor side, says Gojkovich, who adds that he wouldn’t be surprised to see it go to a private investor. “We’re getting a lot of interest from not just real estate funds or companies, but a lot of private investors are looking at it as well because it’s not something that’s a huge transaction,” he says.

As for leasing activity in the area, Gojkovich says that it’s picking up and that the eventual sale of 55 Post Rd. W. will serve to signal that. “I’m definitely seeing the velocity in leasing. Landlords are starting to push rents back up--they were down for a little bit but its come back. And on the sales market there hasn’t been anything to point to that’s traded,” he says. “This will be the first property that’s on the market and this will really test where it is. I think we’re going to show with our sale that the market has come back.”