Building sold in Westport.James Fagan and Al Mirin mir·in n. A sweet Japanese rice wine used especially in cooking. [Japanese : Middle Chinese mei, flavor + Middle Chinese lan, of CB Commercial Real Estate Group were the sole brokers in the sale of the 30,000-square-foot office building at 21 Charles Street Charles Street is the name of a north-south street in the city center of Boston, Massachusetts. It begins in the north at Leverett Circle, where it intersects Cambridge Street and Storrow Drive, and gives its name to the Charles/MGH station of the MBTA. in Westport, Connecticut Westport is a coastal town in Fairfield County, Connecticut, in the United States. The 2004 population estimate was 26,644. The town is as affluent as other expensive Fairfield County towns, boasting a per capita income of more than $70,000. . The six-story office building located adjacent to 1-95 at Exit 17 was purchased by Robert Sloat, a local businessman, for $850,000. The location will serve as the new headquarters for Information Networks which will occupy one-quarter of the building. Fagan and Mirin were the exclusive sales agents for People's Bank Peo´ple's bank 1. A form of coöperative bank, such as those of Germany; - a term loosely used for various forms of coöperative financial institutions. . Constructed in 1970, the building was purchased originally by Saugatuck Properties I Limited Partnership in 1984 for $4.6 million. People's Bank took title to the property on March 16, 1993 through the foreclosure foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. of a $2.8 million mortgage. The property was subsequently sold to Sloat on March 31. He cited the example of 290 Post Road West selling for $120 per square foot in 1991 compared with a sale price of $267 per square foot for the 15,000 square foot building in 1986 and the current asking price of $94 per square foot for the 48,000 square foot building at 1200 Post Road East compared to the 1987 selling price of $256 per square foot. The 1984 value of the Charles Street building was $153 per square foot compared to the 1993 selling price of $28 per square foot. |
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