Home Fairfield Wright Street office complex in Westport sells for $30M

Wright Street office complex in Westport sells for $30M

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Wright Street Marcus Partners

A Class A office complex covering 83,964 square feet at 8-10 Wright St. in Westport has sold for more than $30 million. It was bought by WFF Westport TT LLC.

The property, which consists of two office buildings, is 94% leased with a tenant lineup that includes UBS, Regus Corp., Berkowitz, Trager & Trager, Energy Income Partners and Ameriprise Financial. Jeffrey Dunne, Steven Bardsley and Stuart MacKenzie of CBRE’s Institutional Properties Group represented the seller, Marcus Partners, and procured the buyer.

“This property’s success is a strong example of our value-add strategy to invest in premium locations and execute upgrades and modernization to create highly desirable new Class A space,” said David Fiore, Metro New York regional director at Marcus Partners, which purchased the property in 2014. Fiore added that the property “went from 58% to 94% leased under our stewardship.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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