Bridgeport, CT Investment sales broker Northeast Private Client Group has completed the sale of 115 Main St., a mixed-use commercial property, reinforcing heightened interest in this asset type among area investors. Bradley Balletto, the firm’s regional manager for Southern Connecticut, represented both the seller and the buyer in the $1.275 million transaction, which closed on August 16. The property comprises nine apartments and three commercial tenants including Café Turnier, a popular restaurant on the Main Street, Norwalk corridor.
The seller, G & W Holdings, Inc purchased the property in 1995 and owns and manages multifamily and commercial buildings in Fairfield County. The buyer, a family trust based in Westport, purchased the 115 Main St. property for a price that equates to $120 per s/f.