Stamford-based Building and Land Technology has acquired Nyala Farms Corporate Center, a 372,207-square-foot office park on 53 acres in Westport.
The announcement was made by Carl R. Kuehner III, CEO of BLT, a privately held real estate private equity, development and property management firm. BLT billed the $130 million deal as the largest real estate transaction in Connecticut in 2014.
The class A property is home to Terex, Bridgewater Associates, Morgan Stanley and RBC Wealth Management. Including this new acquisition, BLT”™s portfolio of office properties in the state of Connecticut now totals more than 5 million square feet.
“With our acquisition of Nyala Farms, BLT will offer yet another stellar asset to the southern Connecticut office markets,” Kuehner said. “We”™re pleased to expand our portfolio into Westport, which is home to a number of Connecticut”™s leading businesses. BLT is a Connecticut company, and the opportunity to acquire another market-leading property here is especially exciting for us.”
BLT is the developer of Harbor Point in Stamford, encompassing a full mile of waterfront, public parks, restaurants and retail stores, more than 4,000 residential units and several million square feet of commercial development. BLT recently announced a new 430,000-square-foot, 20-year lease with Starwood Hotels & Resorts Worldwide at Harbor Point.
