Candor Capital Acquires Office Asset From 372 Jericho Corp For $23.8M In Riverhead

The property involved in the sale is located at 877 East Main Street & 60 Millbrook Lane in Riverhead. It comprises an office asset with a total square footage of 102,517, sold for a price of $23,800,000, resulting in a price per square foot of $232.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $23,800,000
• Address: 877 East Main Street & 60 Millbrook Lane
• Market: Riverhead
• Square Footage: 102,517
• Price per Square Foot: $232
• Seller: 372 Jericho Corp.
• Buyer: Candor Capital - Ben Meshel
• Seller's Representatives: Stephen R. Preuss Sr., Andreas Efthymiou, Christian Allimonos & Charles Schirrmeister - Ripco

This transaction involved notable individuals and companies, including the buyer Candor Capital, represented by Ben Meshel, and the seller's representatives from Ripco, who are Stephen R. Preuss Sr., Andreas Efthymiou, Christian Allimonos, and Charles Schirrmeister, facilitating the sale for 372 Jericho Corp.