Baldwin Pearson & Co. closes $1.7 million in commercial real estate transactions

By Reece Alvarez

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Bridgeport commercial real estate firm Baldwin Pearson & Co. Inc. announced the sale of two commercial real estate buildings in Bridgeport for a combined total of $1,705,000.

Baldwin Pearson President George Shawah Jr. represented the seller of 789 Reservoir Ave., a fully leased 20,000-square-foot office building, which sold for $1,005,000 to buyer 789 Avenue LLC, an investment group represented by Davis Owen Real Estate.

The 6,500-square-foot office building at 3787 Main St., formerly occupied by Summit Women’s Center, sold for $700,000. Shawah Jr. represented the buyer, Cheyenne Early Learning Center, which will now occupy the building. The property was previously owned by SHW of Connecticut LLC of Fairfield, which was represented in the transaction by Fred Frassanelli, president and CEO of AMS Real Estate LLC in Bridgeport.

The sales follow a trend of increasing demand for office space in the Bridgeport region, said Shawah Jr.

“The demand for well-located commercial properties in Bridgeport has increased substantially over the past couple of years and it is difficult to find them,” he said.

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