Cushman & Wakefield served as the exclusive advisor in the procurement of $11.5 million acquisition financing for National Hall, a 41,957 s/f office and retail complex in Westport, Connecticut.
A Debt & Structured Finance team of John Alascio, Sridhar Vankayala and Zachary Kraft represented the buyer.
The financing was provided by Securian Asset Management.
“National Hall represented a compelling opportunity for lenders,” said Alascio. “Our team was able to secure multiple offers from different capital sources for this transaction.”
“While straightforward on the surface, the transaction involved condo, easement and ground lease aspects that made the eventual execution challenging,” added Vankayala.
“The EDSF team was able to navigate these with lenders and our client eventually picked Securian given their local understanding of the asset.”
National Hall is a located on the Saugatuck River waterfront. Tenants include Berkshire Hathaway HomeServices and Greenfield Partners.