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CBRE helped complete the transaction, selling the building to affiliates of Steven Wise Associates.
Plans are for GE Capital to remain in the 16.5-acre property with 200,000 square feet of office space.
“It’s always exciting to bring a prized asset to the market on behalf of a seller and to find a well-matched buyer,” said CBRE's Jeffrey Dunne in a statement. “It’s a win-win for all concerned, and as a result we’re thrilled about the results that we were able to achieve on behalf of GE Capital.”
This is the second time in the past year that CBRE has represented GE Capital in a real-estate transaction, helping to sell the bank's 13-acre site with a 180,000-square-foot building in Danbury earlier this year for $18 million to Praxair.
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