NORTHMARQ BROKERS CONNECTICUT OFFICE PURCHASE

by admin

NEW CANAAN, CONN. — NorthMarq has arranged the acquisition of an office building located at 65 Locust Ave. in New Canaan for $4.5 million. The property was 80 percent leased at the time of closing. Following the closing, the undisclosed buyer secured new leases for the property that will bring it to 95 percent occupancy by year-end. Deanna Polizzo and Ernest DesRochers of NorthMarq's New York Metro office arranged the deal as well as secured $3.5 million in acquisition financing with the help of NorthMarq Capital.

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