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September 19, 2022

Shelbourne acquires Greenwich office building for $48.5M

Contributed 777 West Putnam Ave. in Greenwich.
By Andrew Larson

Shelbourne Global Solutions has purchased a Class A office building at 777 West Putnam Ave. in Greenwich for $48.5 million.

The 134,000-square-foot building sits along Route 1, minutes from downtown Greenwich with easy access to Interstate 95 and Metro-North Railroad. It’s anchored by Marc Fisher Footwear, The Richman Group and Knighthead Funding LLC. 

Shelbourne plans to upgrade the common areas with a fitness center, lounge, outdoor patio and new building systems.

The seller, LMT Investments, was represented by Newmark Group Director Alex Haendler and Executive Managing Director Cory Gubner, of the firm’s Stamford Capital Markets Group.

Newmark Executive Vice President, Managing Director James Ritman, Managing Director Janey Steinmetz and Director Ben Goldstein will be the leasing agents for Shelbourne.

Shelbourne, based in New York City, has holdings across the country and is Hartford’s largest commercial landlord. It owns and manages more than 8 million square feet of
commercial real estate totaling $1.5 billion in asset value. 

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