55 Post Road West

Westport, CT

Project summary

Partner: Homewood Real Estate Partners

Westport, CT

Total SF: 38,000


Homewood Real Estate Partners


  • Office
  • 38,000 SF


December 2011 – Current


  • Single tenant NNN leased building with below a market rent and 6+ years of remaining lease term at close
  • Ability to assume an attractive in place loan
  • Roof has glass atrium core that floods the building with natural light
  • Easily divisible for multi-tenant re-leasing
  • Located at the entry point to downtown Westport
  • In place lease and in place loan created core returns with value add upside upon lease expiration

Value Add / 

  • Planned vacancy allowed for seamless planning and design with an in place revenue stream to limit equity outlay
  • Full building renovation commenced immediately upon tenant move out
  • The renovation was completed in 2018 and included a new lobby, elevators, bathrooms, white boxed space and a re-paved/stripe parking lot
  • Long term hold