In the largest real estate transaction in Connecticut in 2014, Building and Land Technology (BLT) acquired Nyala Farms Corporate Center, a 372,207 s/f office park on 53 acres in Westport, CT.
The announcement was made by Carl R. Kuehner III, CEO of BLT, a privately held real estate private equity, development and property management firm.
The Class-A property is home to a number of the state’s premiere businesses, including Terex, Bridgewater Associates, Morgan Stanley and RBC.
Including this new acquisition, BLT’s portfolio of office properties in the state of Connecticut now totals over five million square feet.
“With our acquisition of Nyala Farms, BLT will offer yet another stellar asset to the Southern Connecticut office markets,ˮ Kuehner said.
“Nyala Farms is a true gem in a lushly landscaped setting, providing an outstanding location that is easily accessible from residential areas in the Town of Westport and nearby communities.”
BLT is the developer of Harbor Point, the master-planned development in Stamford, CT that encompasses an entire neighborhood, including a full mile of waterfront and more than 4,000 residential units.
BLT recently announced a new 430,000 s/f 20-year lease with Starwood Hotels & Resorts Worldwide at Harbor Point.