Argent Ventures Acquires Office Portfolio At 301 Merritt 7 From New York State Teachers' Retirement System For $58.5M

An affiliate of Argent Ventures has acquired a 945,000-square-foot, four-building office portfolio located at 301 Merritt 7 in Norwalk, CT. The transaction was finalized for a price of $58.5 million, concluding a three-decade ownership by the New York State Teachers’ Retirement System.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $58,500,000
• Buyer: Argent Ventures
• Seller: NYSTRS | New York State Teachers' Retirement System
• Address: 301 Merritt 7, Norwalk, CT
• Square Footage: 945,000
• Price Per Square Foot: $62
• Brokers: Jeff Dunne, Steven Bardsley & Travis Langer - CBRE

Jeff Dunne, Steven Bardsley, and Travis Langer of CBRE played a crucial role in facilitating this transaction, representing the buyer in the deal. Their expertise contributed to the successful closing of the acquisition after significant ownership by the seller.