Jeffrey Dunne, Steven Bardsley and Travis Langer of CBRE’s Institutional Properties represented a joint venture between Global Gate Capital and Lincoln Property Company in the sale of 1 Lafayette Pl. and 1 E. Putnam Ave. in Greenwich, CT. CBRE also procured the buyer, Bradford Allen Investment Advisors, in its first New York metro area acquisition. 

The two-building Class A office portfolio totaling 90,268 square feet is 100% leased, providing stable cash flow. Situated in the heart of the Greenwich CBD and adjacent to the prestigious Greenwich Avenue, the location offers abundant tenant amenities including upscale dining and world-renowned retail.  

Dunne said, “1 Lafayette and 1 East Putnam provide a strong in place NOI, with institutional quality tenants in the strongest CBD market in the United States. With existing rents in the portfolio currently being 15% below market, Bradford Allen has added upside to grow rents in future years.”

The post Bradford Allen Makes Foray into NY Metro Investment Sales with Greenwich Office Duo appeared first on Connect CRE.

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