Insignia/ESG reports that the building, which is fully leased,was sold recently by Holly Hill Lane Associates to a group ofFairfield County-based investors operating under the name HattcoHolly Hill LLC. The sales price on the building was approximately$3.9 million.

Steven Bardsley, Steven Greenbush and Michael Siegel ofInsignia/ESG represented the seller in the transaction. Bardsley, amanaging director with Insignia/ESG, notes that the deal was aunique investment opportunity for a non-institutional owner thatwas looking to own an office building in the Greenwich market.

"I think that this particular building is well located and hassignificant covered parking, which was attractive," Bardsley says."Another up side in the transaction was that the existing rent rollis slightly below market." He continues that covered parkingfacilities are highly sought after in the Greenwich area and the 67Holly Hill Lane property features approximately 50 covered spacesalong with another 30 uncovered spaces.