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Tri-State

Westport office complex trades for nearly double it sold for in 2014

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A two-building office property in Westport has been sold for a little more than $30 million to a limited liability company, the Daily Voice Plus reported. Boston-based real estate investor Marcus Partners, advised by CBRE vice chairman Jeffrey Dunne and a team from the brokerage’s institutional properties group, unloaded the complex to WFF Westport TT LLC, an entity controlled by Boston-based broker-dealer Waterway Capital, according to Westport Now. The deal includes 83,964 square feet of office space at 8-10 Wright Street that Marcus Partners spent about $4 million to renovate after acquiring the property for $16.35 million in 2014. The two buildings are 94 percent leased, according to the DVP, which noted that current tenants include UBS, shared office space provider Regus, Energy Income Partners and Ameriprise Financial. [DVP]