Fairfield office building sold for $10M to Norwalk property owner
Alexander Soule
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A file photo of 2150 Post Road in Fairfield, Conn.Contributed Photo / ST
After acquiring two Norwalk office buildings last year, Valley East Management has purchased a Post Road property in Fairfield for $10 million.
CBRE announced the sale price on Wednesday for 2150 Post Road, with the previous owner an entity managed by Davis Marcus Partners which acquired it for $11.3 million in 2005. The office was built in 1988.
Valley East Management stated it believes suburban offices are getting renewed interest during the COVID-19 pandemic as city office employers scout satellite space to help workers avoid the commute. Valley East also owns a pair of Norwalk office buildings at 200 Connecticut Ave. and 40 Richards Ave.