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Brokerage
Posted: November 25, 2016
Luisi of Avison Young arranges $4.9 million sale of 13 Grove Street
Alison Luisi, Avison Young
13 Grove Street - Darien, CT
Ted Stratigos, Avison Young
Darien, CT According to Avison Young its Fairfield/Westchester office, in cooperation with the firm’s Long Island office, has arranged the $4.9 million sale of 13 Grove St., a fully leased, 5,726 s/f, mixed-use residential/retail property.
Located in the heart of downtown Darien within walking distance to the Dairen Metro North Station, this newly constructed building consists of two retail units and three apartments. The seller was Day Street Development LLC, and the buyer was Blackshaw Chriscott LLC. The new owner has appointed Avison Young property manager for 13 Grove St.
Alison Luisi, an associate in the capital markets group based in Avison Young’s Fairfield/Westchester office, arranged the sale with assistance from Avison Young principal Ted Stratigos, managing director of the Long Island office.
“This is an extremely strong asset and a great opportunity for an investment vehicle,” said Luisi. “The property, completed in 2014, provides the diversification of a fully-leased, modern, mixed-use building combining residential and retail in one of Fairfield County’s most desirable locations.”
The ground floor retail space is occupied by Le Boudoir, a “blow dry and beauty bar,” and Darien Butcher Shop.
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