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GREENWICH, CT-CB Richard Ellis reports that an unnamed institutional investor has sold the Greenwich Atrium building here to a partnership of New York City-based Angelo, Gordon & Co. and Core Plus Properties LLC of Stamford, CT. A source tells GlobeSt.com that the property has sold for approximately $38 million. CB Richard Ellis officials would not comment on the reported purchase price.

Jeffrey Dunne, Steven Bardsley and Todd Newman of CB Richard Ellis’ New York Tri-State Investment Team represented the seller and procured the buyer in the transaction.

At the time of sale, the building was more than 85% leased to a total of 16 tenants made up of financial services, real estate, medical treatment and technology companies, the brokerage firm notes. Major tenants at the 101,154-sf office building located at 75 Holly Hill Ln. include: Bank of Ireland, which leases 19,653 sf; Nextwave Wireless, which maintains a 13,441-sf office; Greenwich Hospital, which leases 8,699 sf of space; and Citicorp, which has an 8,670-sf location at the property.

CB Richard Ellis’ Dunne says of the transaction, “Greenwich Atrium, with its high quality tenancy, is poised to deliver significant upside through rental rate growth and lease-up by leveraging the numerous favorable characteristics of its quality location and marketplace. Angelo Gordon and Core Plus should fare well with this asset.”

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