NORWALK, CT-GlobeSt.com has learned that the retail/office complex at 490 and 508 Westport Ave. here has changed hands. An affiliate of Paragon Realty Group LLC of Westport purchased the property located near the Norwalk/Westport border that totals 58,193 sf from an undisclosed buyer. No purchase price was reported.
Commenting on the deal, John Nelson, managing member of Paragon Realty Group LLC, says, “We were delighted to be able to acquire such an important and prominent property in this exclusive market. This complements our existing portfolio and augments our commitment to our local market.”
The 490 Westport Ave. property, which totals 47,530 sf, is fully leased to Ski Market and the Fitness and Tennis Club. The 10,663-sf 508 Westport Ave. property is occupied by six office tenants with some space available for lease, Paragon officials say.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
