Cushman & Wakefield has been appointed leasing agent for 31,500-sf of available space on the third floor of the 72,100-sf building. The third floor has been occupied since the property was built in 1982 by Stolt-Nielsen Transportation Group. The firm will be vacating the building in August. Stephen Baker, senior director, and Paul Kauffman, executive director of C&W are leading the marketing and leasing campaign for the Stolt-Nielsen space.

An EAH Management spokesman says of the deal, "Our principal properties are in New York City and our goal has been to expand and diversify our holdings through an acquisition in the New York metropolitan area. We focused on Greenwich because we believe it is one of the strongest, suburban real estate markets. It serves as headquarters of five New York Stock Exchange companies and has experienced robust office demand, particularly from the financial and asset management sector. Central Greenwich has also become a leading high-end suburban shopping area."

He adds, "Our goal was to purchase a Greenwich office building with unique qualities which would set it apart, and 8 Sound Shore Drive meets that test. The property will be held as a long term investment."

The purchase was financed in part with a $21.5 million loan from Barclays Real Estate Capital of New York, an arm of Barclays Bank, London. David S. Schaiman, managing director of Sonnenblick-Goldman Co., advised in arranging mortgage financing from Barclays, officials involved with the deal say.