Matthew Keefe, David Lindland and Franco Fellah of Westport-based HK Group recently completed the sale of 44 Main St. in Westport for $22,500,000.
HK Group, which dates to 1988, was the sole broker in the transaction.
- 44 Main St. in Westport.
The 22,873-square-foot, three-story retail building was built in 1909 and sits on 0.23 acres of land zoned Business Center District. Tenants include Banana Republic on the first floor and The Nail Spa Bless Corp. on the second floor.
The building is on what HK Group in a statement called “the 50 yard line” on Main Street, with neighbors including Vineyard Vines, The Gap, J.Crew, Madewell, Brooks Brothers, Pottery Barn, Starbucks, Benefit Cosmetics, Sperry, Intermix, L”™Occitane, Theory, Bluemercury, Calypso St. Barth and others.
The building”™s second floor and third floor face the future entrance of the new $130 million Bedford Square development around the original YMCA building ”“ a mixed-use, 110,000-square-foot downtown redevelopment recently green-lighted by the town”™s Planning and Zoning Commission ”“ with which, according to HK Group, “the property will have substantial synergy.”
The seller was 44 Main Street Inc., and the buyer is an affiliate of Westport-based Paragon Realty Group LLC in a partnership with New York City-based Clarion Partners.
John A. Nelson, managing principal of Paragon said, “Forty-four Main Street is outstanding real estate and we are excited to be part of Westport”™s continued development.”
Attorney Steven Siegelaub of Berkowitz, Trager & Trager in Westport together with Attorney David Godfrey of Gunn Godfrey Allison in Norwalk represented the seller.
The Klein family owned the building for decades and operated their retail store on two floors of the building for many years, according to HK Group.
