Franco Fellah, executive vice president at HK Group in Westport, procured the winning bid for the purchase of the 9,540 s/f central U.S. Post Office building located at 154 Post Rd. East at the corner of Bay St.
The purchase price was $2.35 million: the sale was completed through a controlled bidding process, with the buyer selection parameters carefully selected by the U.S. Post Office in conjunction with their broker.
The U.S Post Office will most likely remain at the current location until at least this fall before the announced relocation to Playhouse Square.
The winning bidder is 52nd Street Capital Partners VI, LLC, an out of state real estate investment company.
The building was built in 1935. Louis Simon, the supervising architect at the Treasury Department, was responsible for the design. He designed Federal Government buildings from 1852 to 1939.
Retail and restaurant are possible new uses for the building, but offices and medical are also allowed in the Business Center District. HK Group is the leasing agent for the buyer.
HK Group is a full service Westport-based commercial real estate company that specializes in investment property sales, leasing and off-market deals.