HK Group sells 468 Post Road East, Westport, CT

Franco Fellah, Executive Vice President at HK Group, and Jacqueline Novotny, Senior Vice President at CBRE, are pleased to announce the sale of the 468 Post Road East in Westport, Connecticut.

The seller was B & D Properties, LLC and the buyer was P9 Holdings, LLC. The price was $1,275,000.

Burke Construction arranged for a sale with lease-back provisions.

 The two story 4,593 SF office building constructed in 1987 includes 200 feet of frontage on the Post Road (US-1) and has been renovated multiple times. It sits on a 0.37 acre lot zoned General Business District.\

The property is located in a prime Westport location on the Post Road with great visibility. It is nested between the Wells Fargo building at 450 Post Road East and the Morgan Stanley building at 500 Post Road East.

 Franco Fellah represented the seller; Jacqueline Novotny, Senior Vice President at CBRE, represented the buyer.

 HK Group is a full-service commercial real estate firm started in 1988. It has grown steadily from a local Westport business to one which today encompasses an operating area of New York, Connecticut, and New Jersey. The firm follows client led transactions into other states. It has expanded its vision from local leasing to larger and more sophisticated leasing transactions, investment sales transactions, national client retail leasing, and consulting and brokerage services for the multifamily, health care and hospitality industries. For more information, please visit their website at www.hkgrp.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.