NORWALK and STAMFORD, CT—A pair of assets—one being an officebuilding and the other a multifamily property—have been sold inConnecticut.

CBRE Strategic Partners US Value 7, a fundsponsored by CBRE Global Investors, has acquiredRiverPark, a 412,231-square-foot, Class A office building inNorwalk. Purchased for $50 million, the property is 68% leased andis said to offer significant upside through lease up of 132,000square feet of available space.

This is the second time for a fund in the Strategic Partners USseries to own this asset. The first was from 2005-2007, duringwhich time the team executed its value-added strategy.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.