Home Banking & Finance Cushman & Wakefield arranges $11.5 million acquisition financing for Westport complex

Cushman & Wakefield arranges $11.5 million acquisition financing for Westport complex

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Cushman & Wakefield served as the exclusive adviser in the procurement of $11.5 million acquisition financing for National Hall, a 41,957-square-foot office and retail complex in Westport. The financing was provided by Securian Asset Management.

national hall westport
The National Hall complex on the banks of the Saugatuck River in Westport. Photo by Alexander Soule/Hearst Connecticut Media

A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Sridhar Vankayala and Zachary Kraft represented the buyer.

“National Hall represented a compelling opportunity for lenders,” Alascio said. “Our team was able to secure multiple offers from different capital sources for this transaction.”

“While straightforward on the surface, the transaction involved condo, easement and ground lease aspects that made the eventual execution challenging,” Vankayala said. “The EDSF team was able to navigate these with lenders and our client eventually picked Securian given their local understanding of the asset and terms that fit his long-term business plan.”

National Hall is a mixed-use property on the Saugatuck River. Tenants include Bartaco Westport, Berkshire Hathaway HomeServices, The Meatball Shop and Greenfield Partners.

Cushman & Wakefield also served as the exclusive sales agent on the transaction.

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2 COMMENTS

  1. We live directly next door to a Hartt property (450 Post Road East) here in Westport, and they are BY FAR the worst corporate landlord we have even encountered. Other companies that have managed the building over the years never gave us any problems. Hartt is closely aligned with the phony account specialists at Wells Fargo, he brought them in to 450 Post Road East – and between the two of them, they have really put a stain on Westport in regard to how they conduct themselves at 450 Post Road East here in town. While I was doing some yardwork outside, I was even assaulted by one of the Wells Fargo people who drove over from the Hartt building specifically to harass and assault me; and the response from Hartt and Wells Fargo was to “blame the victim”, and bully/harass us even more. When we tried to contact the Wells Fargo manager, via a couple of polite emails – they called in the Westport Police and said “they did not want” our emails and it was illegal for us to email them – a couple of very polite emails to the published business email addresses at 450 Post Road East asking for the name of the manager. see youtube.com/watch?v=a8ZATiZftHg&t=166s on YouTube for the police video. They are a nasty and disgusting company – the two of them together Hartt and Wells Fargo. Their environmental stewardship is poor to non-existent. They are a very bad company, both of them – Hartt and Wells Fargo. Sad to see them getting money to expand in Westport.

  2. it looks like the YouTube link does not post correctly – so just go to YouTube and search for WELLS FARGO STALKING and you will see the tape. That tape shows what it is like to live next to a Hartt property with their prime tenant Wells Fargo. Oh and by the way – Hartt’s landscaping crew just threw a bunch of processed waste wood onto our property, that they had been using to prop up some of their giant equipment. Great – we had to go and pick up after them. They are real jerks – both Hartt and Wells Fargo – a real stain on Westport.

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