Keefe of HK Group completes $50m sale of two office buildings totaling 241,000 s/f

Two office buildings at 400 and 465 Columbus Ave., totaling 241,000 s/f, have been sold to Abbey Rd. Advisors from Westport, Conn. for $50 million. The 400 Columbus Ave. building totaled 143,000 s/f and was 95% occupied at closing. Tenants included, Avaya Communications, Axiom Software, Delfino Marketing and RDI Electronics. 465 Columbus is 98,000 s/f and was 70% leased at closing to New York City D.E.P., Wells Canning and Gallagher Benefits. Matthew Keefe, president of HK Group from Westport, Conn., was the sole broker involved in this transaction, representing both the buyer and seller, Diamond Properties of Mt. Kisco. HK Group is a full-service commercial real estate firm, which concentrates its expertise on office and retail leasing, investment sales, and property management in the tri-state N.Y. metro area. In recent years, the firm has leased over 3.5 million s/f and sold 8.6 million s/f of commercial property with a value of over $1 billion.