GHP Office Realty, LLC, a major owner and manager of properties in the suburban tri-state area, completed the sale of a 65,000 s/f class A office building located at 30 Buxton Farms Rd., for $13.475 million. The property is located at Exit 35 of the Merritt Parkway/CT-15 and High Ridge Rd. The building is 90% occupied by 14 tenants, ranging from medical offices to the financial industry.
The seller was GHP Buxton, LLC and was represented by GHP Office Realty, LLC. The sale was arranged by Andrew Greenspan and James Houlihan. The purchaser, MSIH, LLC, a Connecticut-based home building company, was represented by Corey Gubner, Ted Grogan and Greg Romano of RHYS, LLC. The seller's attorney was Elizabeth Smith, Esq. of Goldberg Weprin Finkel Goldstein LLP. The purchaser's attorney was Kenneth Gammill, Jr. of Gilbride, Tusa, Last and Spellane LLC.
Hobbs Incorporated, a New Canaan based home builders company will be relocating their headquarters into the remaining vacant space in the building. Over the last three generations, Hobbs Incorporated has developed a proven methodology for building and has won numerous HOBI Awards from the Home Builders & Remodelers Association of Connecticut, Inc.