WESTPORT, Conn. – One of the area's most distinctive office buildings – One Gorham Island in downtown Westport, complete with 360-degree river views – is up for sale for the time, Colliers International Group Inc. announced.
The 41,000-square-foot office building is located on a 7-acre private island on the Saugatuck River in Westport.
“One Gorham Island is the most sought after business address in Westport,” said Colliers’ Michael Gordon, who is marketing the property with Enzennio Mallozzi. They based in the global commercial real estate services firm’s office in Stamford.
“This trophy asset is 94 percent occupied by four, long-term credit tenants. Its truly unique setting, surrounding amenities and accessibility make it an outstanding investment opportunity,” said Gordon.
The three-story building offers 360-degree, unobstructed river views with outdoor patios, and a wraparound roof deck and garden. High-end renovations completed last year and this year include updates to the lobby, roof terrace and common areas.
One Gorham Island is just steps from Westport’s top-notch restaurants, bars and retail. The property also offers convenient access to public transportation, the Merritt Parkway and I-95.
One Gorham Island is being offered for sale for the first time in its three-decade history.
“This building commands the highest rents in Westport,” Mallozzi said. “The availability of Class A space here is limited, and with high barriers to entry and restrictive zoning regulations, One Gorham Island undoubtedly will maintain its competitive position for years to come.”
The Colliers team also cited strong new leasing activity in Fairfield County as a testament to the area’s continued desirability for a wide range of companies.
“The office sector continues to improve steadily, thanks in part to a burgeoning multi-family market that is driving an influx of educated employees to Westport and its surrounding communities,” Gordon added.
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