Westport, Connecticut - Andrew Stewart has arranged financing of $14,830,000 for 33-51 Main Street, a 17,995 square foot, partial one and two-story retail building. The subject property enjoys 220-foot of frontage on Main Street, one of the most prominent high-end retail corridors in the nation. The subject property’s tenants include Gap Kids, L’Occitane, Lucky Jeans, Janie & Jack, Claire’s, and Acqua restaurant. An easement through the property allows shoppers access from the Parker Harder Lot to Main Street, providing ample municipal parking of 1,250 spaces. This tunnel also provides the stores in the building the highest pedestrian traffic of the entire Main Street shopping area. The loan carries a 10-year term with 5 years of interest only, followed by a 30-year amortization.

Located on Main Street, the subject property, just north of the intersection with Post Road, is in the heart of the Central Businsess Direct of Westport. The subject neighborhood is considered the downtown area at Westport and is characterized by a high density of retail and office development. Main Street in the area of the subject consists of a one-way road travelling in a northerly direction, which then becomes a bi-directional roadway north of the subject. The subject section of Main Street connects to Post Road (Route #1), which is a heavily traveled commercial roadway connecting Westport with Fairfield to the east and Norwalk to the west.

Westport is an extremely desirable and prestigious waterfront community in Connecticut. Located in the south central section of Fairfield County, approximately midway between New York City to the west and New Haven to the east, the town is well served by highway arteries with ready access to Intersate-95 and the Merritt Parkway.