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January 31, 2018  

TIAA Unit Pitches Connecticut Offices

TH Real Estate is offering a Connecticut office property that should appeal to core investors.The 196,000-square-foot building, at 10 Westport Road in Wilton, could attract bids of $55 million, or $280/sf. Cushman & Wakefield is representing TH, an investment unit of TIAA.The property is 95% occupied by eight tenants on net leases. The largest are Alliance Data Systems, which occupies roughly 67,000 sf until 2028, and tour operator Tauck, whose...

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