C&W tapped to sell UST building in Greenwich, CT.

Cushman & Wakefield announced its appointment to sell 100 West Putnam Avenue in Greenwich, Conn., a 160,000 s/f Class-A office property owned and fully occupied by UST Inc.

UST will relocate from 100 West Putnam Avenue by the third quarter of 2007 to 6 High Ridge Park in Stamford.

Built in 1970 by UST, with an addition added in 1982, 100 West Putnam Avenue contains four stories of office space over covered parking on 2.74 acres. Featuring spectacular water views, 100 West Putnam Avenue is located in close proximity to the Greenwich railroad station and Exit 3 off I-95, and within walking distance to nearby restaurants and shopping on Greenwich Avenue. The property, which also features two smaller adjacent structures with office space, has undergone substantial upgrades and renovations over the last five years.

Paul Kauffman, executive director, transaction services for Cushman & Wakefield of Connecticut, together with Andrew Merin, vice chairman, Gary Gabriel, executive director, and Patrick Colwell, senior director of Cushman & Wakefield's Metropolitan Area Capital Markets Group, are representing UST in the disposition of the property.

"100 West Putnam Avenue offers an unprecedented investment opportunity to acquire a Class-A asset in a submarket with one of the lowest vacancy rates in the country," said Merin. "The property will thrive as either a headquarters location or for multi-tenant office use."

"It is rare to have an acquisition opportunity of this magnitude available in the heart of downtown Greenwich," said Kauffman. "Demand for quality office space in this submarket far outweighs supply. This location is one of most attractive places in Fairfield County to do business."