Paragon Realty Group and Clarion Partners have partnered to purchase 44 Main Street, in Westport, for $22.5 million. The building sold 100% occupied by Banana Republic, The Nail Spa, and Studio 44 Dance & Fitness. The seller formerly operated a retail store out of two floors of the building. Matthew Keefe, David Lindland, and Franco Fellah of HK Group brokered the deal.
The building is comprised of 27,275 square feet of space, and was built in 1909. At three stories in height, the building is one of the taller buildings along Main Street in Westport’s central business district. The building sits on 0.23 acres of land in the southern portion of downtown Westport. Westport’s central business district is home to numerous retailers, such as Chico’s, GAP, and Brooks Brothers, among others.