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Saturday, June 28, 2014

Bridgewater Linked to $130M Office Building Sale?

In the largest real estate transaction in Westport’s history, the 53-acre Nyala Farms Corporate Center, where hedge fund Bridgewater Associates has a trading floor, has changed hands for $130 million. Image
Sale of the 53-acre Nyala Farms Corporate Center was recorded just as Bridgewater Associates announced it was not moving to Stamford. File photo

A filing recorded late Friday in the Town Clerk’s office –- about the time Bridgewater Associates was announcing it was not moving to Stamford -– said the buyer was 60 Nyala Farms Road LLC, a corporate entity with apparent ties to Bridgewater.

The LLC’s address, 100 Washington Boulevard, Suite 200, Stamford, is the same as Stamford-based Building and Land Technology (BLT),  a privately held real estate private equity, development and property management firm which had been developing a $750 million complex for Bridgewater in Stamford. A notation on the filing said to send a recorded copy to someone at BLT.

A Bridgewater spokesman said today Bridgewater “did not purchase Nyala Farms and continues to explore options.” 

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06/28/14 04:38 PM Comments () • Permalink

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