A 19,000-square foot building known as Riverside Corners at the southeast corner of Westport’s Post Road West and Riverside Avenue has been sold for $7.5 million.
Dating to the 1800s, Riverside Corners houses retail outlets and apartments. (CLICK TO ENLARGE) Contributed photo
Westport-based HK Group, the broker in the transaction, said the buyer was Phat Development of Greenwich. The previous owner was Abbey Road Advisors of Westport.
Built some time is the 1800s and originally known as the Hunt & Downs building, the property houses five retail outlets, including the Napoli Restaurant, and nine second-floor apartments which overlook the Saugatuck River.
Matthew Keefe, president of HK Group was the only broker involved in the transaction. Property Manager Peter Jennings, also of HK Group, has been handling Riverside Corners for the seller, and will continue with the new ownership.
