Seven landmark office buildings on Westport’s Riverside Avenue that once housed Marketing Corp. of America have changed hands again, this time for $54 million, a 46 percent jump in price over the last sale two years ago.
Sold again: seven Riverside Avenue office buildings sold for $54 millioin. WestportNow.com file photo
A filing in the Town Clerk’s office showed the seller as Normandy Realty Partners of Morristown, N.J. and Lexham Private Investors of Stamford, Conn., and the buyer as New York-based Riverside Office 285 & 355, LLC and Riverside Office 321-329, LLC.
The seven-building office complex includes 285 Riverside Ave.; 321-329 Riverside Ave., which consist of five buildings; and 355 Riverside Ave. The complex totals 145,190 square feet of space and was originally constructed from 1981 to 1986.
New York-based pension fund TIAA Realty Inc., sold the properties to Normandy Realty Partners and Lexham Private Investors in April 2003 for $37 million. (See WestportNow June 15, 2003)











