Feil Organization Buys Westport Building for $5.115M

0:00A New York real estate firm just grabbed the two-story mixed-use building in downtown Westport for $5,115,000. The field organization, led by CEO Jeffrey Feele, bought the spot at two to 14 post-road east through one of their LLCs. It's a solid expansion in the town they're already deep into. The company manages 95 properties across Connecticut, Florida, Illinois, Louisiana, and New York. They already hold three office buildings, two residential spots, and two retail ones on Riverside Avenue in Westport. This new buy fits right into their growing footprint there. Randall Briskin, the firm's vice president of Leasing, called it a smart move. Commercial real estate in the area has been steadily rising in value, and he seized it as a natural step for their high end holdings. The market's hot. Drawing in big players like this. The 13,034 square foot property packs, 10 apartments on the second floor, all leased and three retail spaces downstairs.

1:01Two of those are rented, leaving a 3,200 square foot vacancy they expect to fill within six months. Cellar was state in Main Street's LLC. With the 1973 build on a .18 acre lot appraised at $5,480,000, deals like this signal West ports pool for investors eyeing steady growth. That's your Hartford News today update, AI powered and always on.