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JV Buys Greenwich Retail Building for $6.5M

Investor Trades 6,000-SF Storefront
March 28, 2018
Winter Properties LLC and Highpoint Property Group purchased the three-story retail building at 171-173 Greenwich Ave. in Greenwich, CT from an individual owner for $6.5 million, or almost $1,050 per square foot.

The property totals 6,194 square feet and was developed in 1930. Club Monaco occupies the ground floor retail space, while the upper floors are residential rentals.

Thomas Torelli of Allied Property Group represented the seller. Matthew Torrance of Cushman & Wakefield represented buyer.

Please see CoStar COMPS #4169137 for more information on this transaction.
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