The Real Deal New York

Valor Investments sells Fairfield office building to insurer for $1.38M

December 12, 2018 06:34PM

An office building on Sherman Street in Fairfield has sold for $1.38 million, the Fairfield County Business Journal reported. Doyle Insurance Group snapped up the two-story building and plans to move in within two months, according to the outlet. The property includes a 4,558-square-foot main house and a 1,217-square-foot carriage house. Angel Commercial president Jon Angel represented Doyle on the transaction. The insurer has been leasing space in nearby Southport but expects to move to Fairfield within two months. “Changing from a tenant to a property owner demonstrates the firm’s commitment to being part of Fairfield’s vibrant business community,” Angel told the FBJ. Bruce Wettenstein of Westport’s Vidal/Wettenstein served as listing broker for the seller, commercial real estate firm Valor Investments. [FBJ]