A partnership of The Willett Companies with Hines, and Warren Private Clients of Dublin, Ireland, has purchased 33 Benedict Place in downtown Greenwich, CT, from Unilever Home and Personal Care. Unilever was paid $87.5 million (approx. 75 million) for the building. The four-story, 119,344-square-foot (approx. 11,000 m²), Class A office building will continue to be occupied by the Unilever division under a flexible sale/lease back arrangement. Hines will manage the building.
Tommy Craig, senior vice president of Hines, said "The acquisition of this building is a logical extension of our activity in Fairfield and Westchester counties. The asset is well positioned to attract users in the financial services sector and other industries who are looking for tier-one locations and high-quality buildings, particularly since it has been close to 20 years that any new buildings have been constructed in Greenwich, given the zoning controls. We are proud to continue working with the Willett and Warren companies who acquired our project, 55 Railroad Avenue. We look forward to broadening our relationship with Unilever as well."
Jay Hruska, executive vice president of Cushman & Wakefield in Stamford, CT, and brokers Andrew Merin, Larry Wilks and Patrick Colwell represented Unilever in the sale.
Hines'involvement in the New York/Connecticut suburban markets also includes: the development 225 High Ridge Road in Stamford; the acquisition of Merritt Crossing in Milford, Two Soundview in Greenwich, RiverPark in Norwalk and Ten Bank Street in White Plains; and the development management assignments for Bridgeport Center in Bridgeport, UBS North American Headquarters in Stamford, and 2000 Westchester Avenue in Purchase (a redevelopment).