SCARSDALE, NY-Officials with GHP Realty in Scarsdale report that it has secured a $4.95 million loan from Nationwide Insurance to fund its recent acquisition of Carriage Hill North, a 35,000 sf office building at 1221 Post Rd. East in Westport, CT. The first mortgage bears an interest rate of 8.17% and has a 25-year amortization schedule and a term of seven years, according to GHP officials.

The Carriage Hill North property is 100% occupied and is located in Westport, which has a low office vacancy rate and now has asking rental rates that are approaching $50 per sf. The lender–Nationwide Insurance–was represented by Holiday, Fenoglio.

GHP Realty, formed in 1999, recently announced the purchase of the Carriage Hill North property, its sixth deal since its inception. The firm now has a presence in Westchester and Rockland counties in New York, Fairfield County, Cty., and in Northern New Jersey. Officials with the firm estimate that the company will own and manage more than 750,000 sf of space by year’s end.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.