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Main Street Properties Sold for $24.2 Million

Main Street properties comprised of Gap Kids and six adjoining retailers have changed hands for $24.2 million, evidence that despite a real estate downturn elsewhere, Westport’s Main Street continues to attract top dollar.WestportNow.com Image
Gap Kids was one of the retailers involved in the $24.2 million Main Steet sale. (CLICK TO ENLARGE) WestportNow.com photo

Sale of the buildings at 33-51 Main St. was recorded Thursday in the Town Clerk’s office. The seller was 33-51 Main Street Associates Limited Partnership controlled by Westport developer David Waldman.

The buyer was WinWest 3351 Main, LLC, owned by Rye, N.Y.-based Win Properties. The group also owns the building housing Tiffany’s at Post Road East and Taylor Place as well as the old Westport Public Library, diagonally across the street and home to Starbucks and HSBC Bank.

In addition to Gap Kids at 35 Main St., the tenants of the 35-51 Main St. include Acqua Ristorante, 43 Main St.; Claire’s 45 Main St.; L’Occitane en Provence, 47 Main St., Lucky Brand Blue Jeans, 49 Main St., and Janie and Jack, 51 Main St.

The properties involved in the sale, which include the tunnel from Main Street to Parker-Harding Plaza, contain about 18,012 square feet. The sale equals about $1,344 per square foot.

Last November, a one-story building housing Westport Pizzeria and two upscale retail stores at 103,105, and 107 Main St. sold for $8.2 million or $1,955 a square foot, a record for the street. (See WestportNow Nov. 2, 2006)

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