CBRE is pleased to announce the generational sale of a 62,850 SF trophy, mixed-use retail and office property located at 200 Greenwich Avenue in Greenwich, Connecticut. CBRE’s represented the owner, 200 Greenwich Avenue, LLC, in the sale and also procured the buyer, Kensico Properties, which acquired the property for $67 million. The sale follows on the heels of CBRE's sale of 99 Greenwich Avenue, with a long-term CVS lease, for $30 million.
200 Greenwich Avenue is located on prestigious Greenwich Avenue, known as the “Rodeo Drive of the East,” in the high demographic town of Greenwich, CT. This half-mile, upscale retail corridor includes 78 stores, including high-end retailers such as Tiffany, Gucci, Hermes, Vineyard Vines and Restoration Hardware, to name a few, as well as 17 restaurants. The property is anchored by Saks Fifth Avenue on the ground floor. In addition, Compass recently leased the majority of the office space at the Property. Additional high-end retailers at the property include Sweaty Betty, Fjallraven and Vilebrequin.
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