NGKF Capital Markets recently represented both buyer and seller in the recent sale of 2 Soundview Drive, a class-A office building in downtown Greenwich.
The 38,000-square-foot property sold for $30.5 million.
Stephen Westerberg and Kim Mowers, both senior managing directors of NGKF Capital Markets, represented the seller, an entity controlled by Ceruzzi Properties, and the buyer, 41st Street Holding Co. LLC, in the transaction.
The NGKF Capital Markets team also secured the debt for the buyer of 2 Soundview, through Newmark Grubb Knight Frank”™s Debt and Structured Finance Group. The 2 Soundview Drive property is occupied by tenants Forester Capital and is the future Greenwich office for Houlihan Lawrence, a regional real estate company.
The buyer sought out the property based on its central location ”” one block from the retail and restaurant hub of Greenwich Avenue and within walking distance of the Greenwich/Metro-North train station.
“The new owners plan to leverage the property”™s visibility with new renovations that will catch the eye of drivers coming through the Exit 3 railroad underpass and commuters on the train station platform,” NGKF officials said.
“This was an extensive marketing effort to meet the pricing demands of the seller, which required matching a very specific buyer to this asset,” Westerberg said. “There is a high tenant demand for class-A office space proximal to the train station. The new owners will be able to provide the invaluable combination of accessibility, visibility and quality to their corporate tenant base.”
