Winthrop Realty Trust has sold its 84% stake in the Highgrove luxury apartment building in Stamford for $90 million. This equates to a sale price of approximately $1,160,000 per unit. The property sold with an occupancy rate of 96% and reported rental rates ranging between $4,000 and $9,000 per month.
The former Pitney Bowes corporate headquarters in the South End of Stamford has sold for $38.5 million ($87/SF). The property was purchased by Building and Land Technology, a local development firm with a large presence in Stamford’s South End.
Westport Capital Partners, along with two co-investors, has purchased Goodwin Square, in downtown Hartford, for $17.6 million. The buyer, a local investment firm, plans to renovate the office tower and hotel.