GREENWICH, CT-777 West Putnam Ave., a class A office asset here, has traded for $38.9 million. Industry data identify the sellers as a joint venture of Banker & Banker Realty and Homeread Real Estate Partners. The buyer, 7777 West Putnam Avenue LLC, was represented by Jeffrey Dunne and Steven Bardsley of CBRE's New York Institutional Group along with Steven Greenbush of the firm's Brokerage Division. Robert Vincent Sisca, Esq. provided legal counsel to the buyer..

Built in 1972 and recently renovated, 777 West Putnam is a three-story, 130,000-square foot office property in Greenwich's Western section. Existing tenants in the building include Marc Fisher Footwear and Musden Financial. 

 “777 West Putnam provides a high quality work environment and an easily accessible location to the unique retail and dining options available in Greenwich,” says Dunne. The property traded for $299 per square foot, industry data show,.

The Greenwich market is said to be extremely site-constrained, creating an imbalance that keeps demand strong from both investors and users seeking high quality real estate assets. In the case of 777 West Putnam, the property is near a variety of amenities including high end retail, fine dining and numerous banking facilities located on Greenwich Avenue, known as the “Rodeo Drive of the East.”