Press Release

Waterway Family Funds Announces the Acquisition of Class A Office Building in Westport, Conn.

October 22, 2021

Waterway Family Funds, an affiliate of Waterway Capital, has closed on its acquisition of 450 Post Road East, a 35,777 square foot Class A office building in Westport, CT. It is currently 100 percent leased by two tenants, including Wells Fargo Advisors.  450 Post Road is located on the Post Road/Route 1 east-to-west corridor less than a mile from the many office, retail and dining options in the downtown area. Located in one of the most affluent communities in the U.S., 450 Post Road benefits from major financial and money management firms’ desire to have an office presence in Westport. This acquisition is less than a mile from, and is complementary to, Waterway’s flagship office property located at 8 & 10 Wright Street.

Waterway Family Funds is an affiliate of Waterway Capital, a FINRA/SEC registered broker dealer and investment bank specializing in lease-backed structured finance. Waterway Family Funds partners with developers, owners, and corporate clients to invest in creditworthy real estate. Drawing on our extensive experience managing private equity funds, we manage the entire investment process.