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The property dates back to the 1860s.
CBRE has been selected by Bunge Ltd., the global supplier of agricultural commodities, to be the exclusive agent handling the subleasing of its space...
The largest transaction for the quarter was ASML’s lease on 98,907 square feet of office space at 50 Danbury Road in Wilton.
Average asking rents in Westchester during the third quarter of 2019 dipped slightly from the same period last year; the drop of 3.7% was due to comparatively expensive space previously having been leased or otherwise removed from the market this year, according to CBRE.
"Customers will always try to find cheaper replacements if and when a recession hits," said Kelly Campbell at Agency Growth Consultant LLC in Nyack.
“While many institutional investors have followed the crowds toward multifamily and industrial offerings, attractive opportunities to purchase stable, generational retail assets have been prevalent,” says the realtor's David Gavin.
According to CBRE, the deal was the largest new lease signed in Fairfield County during the second quarter of 2019.
The 311-unit Parkledge has a mix of one-, two-, three-, and four-bedroom apartments.
The 3-story property was built in 1988 and is anchored by Saks Fifth Avenue on the ground floor.
The Greenwich CBD recorded a 14% availability rate, its highest since the third quarter of 2013.
The 91,040-square-foot building, which will continue to serve as the headquarters of the clothing company, was bought by New York real estate investment firms Melohn Group and Drake Street Partners.
There still is good news to be found within the market even though some numbers are down.