Marcus & Millichap recently completed the sale of The Westporter, a boutique mixed-use property located in the highly desirable town of Westport, CT. The terms of the deal have not been disclosed.
According to Eric Pentore, Senior Vice President of Investments at Marcus & Millichap, Westport is consistently ranked as one of the best towns in America due to its exceptional quality of life, top-rated schools and picturesque coastal setting. Its close proximity to New York City and vibrant cultural scene make it an attractive place for residents. With limited housing supply and high demand from both current residents and those looking to relocate to the area, Westport is poised for continued strong rent growth.
Pentore worked alongside Victor Nolletti, Wes Klockner and Ross Friedel – all investment specialists based out Marcus & Millichap’s New Haven office – in marketing this property on behalf of the seller while also securing a buyer.
The newly constructed property at 793 Post Rd E., situated in one Connecticut’s wealthiest towns with only four ground-floor retail units included among its 28 flats and townhouse apartments.
Deal Closed: Boutique Mixed-Use Property Sells Quickly In High-Demand Town
Marcus & Millichap has successfully closed on The Westporter – an upscale mixed-use development located within one America’s most sought-after communities: charming coastal townWestport,Ct.The specifics regarding final transaction details remain undisclosed by either party involved.
Eric Pentore (SVP investments) stated that “Westport,Ct.is widely regarded as being amongstthe nation’s finest places live thanks largelytoits outstanding standardof living,top-notch educational institutions,and breathtaking seaside locale.” He went onto addthat “this idyllic location – coupled with easy access into nearby NYC,a thriving arts scene,and tight-knit community spirit – makes ita very popular choicefor homebuyers.” These factors,in additionto low inventory levelsand high demand from both existing residents and newcomers,have set the stage for continued robust rent growth in Westport.
Pentore – along with fellow Marcus & Millichap investment specialists Victor Nolletti,Wes Klockner,and Ross Friedel (all based out of the New Haven office) – worked together to market this property on behalf of its seller while also securing a suitable buyer.
The Westporter is a brand-new mixed-use development that boasts 28 luxury flats and townhouse apartments,as well as four ground-floor retail units. It’s located at 793 Post Rd E.,in one Connecticut’s most affluent towns.
