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Tuesday, January 28, 2014

222 Post Road West Sells for $5.75M

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The retail building at 222 Post Road West has been sold for $5,750,000. Westport’s HK Group, Matthew Keefe, president, and Franco Fellah, executive vice president, announced. The 21,000-square foot, two-story building, originally built in 1977, sits on a 1.35 acre lot and is 96 percent leased, the announcement said. It said the sale was to an out-of-town buyer, adding: “Westport commercial property has recently attracted a number of out-of-state real estate investors, driven by the great retail activity of this market. Retailers have been opening stores in Westport because of the exceptional demographic profile of the town.” The property last changed hands in 2008 for $6,175,000. (CLICK TO ENLARGE) Contributed photo

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