New York City-based Jack Sitt Real Estate LLC is the buyer who invested in The Concourse office park along Belfort Road at Butler Boulevard and Interstate 95.
Through Jax Concourse Owners Corp., Jack Sitt Real Estate paid $43 million on June 10 for the 303,648-square-foot office park on 19.48 acres at 5200-5210-5220 Belfort Road. It comprises three four-story buildings.
The company bought the property, built in 1998-2001, from Jax Concourse Property LLC, which is Westport Capital Partners of Stamford, Connecticut. Westport paid almost $36.1 million for the property in 2018.
NAI Hallmark Managing Partner Christian Harden said July 14 his commercial real estate group assisted the seller in the June 2021 transaction.