Joint venture purchases corporate complex in New England

Offices serve major hotel chain, financial services cos.

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A joint venture between Prescott Capital Management LLC and Woodbridge, N.J.-based Onyx Equities LLC has acquired Westport View Corporate Center, a first-class office complex in Westport, Conn. The value of the transaction was $24.8 million. The 80,000-square-foot property, consisting of two buildings, is located at 8 and 10 Wright St. It was built in 1977 with a major renovation in 2000. At the time of closing, Westport View Corporate Center was 93 percent occupied with primary tenants including Marriot International, MONY Group, Health Management Solutions and Northwestern Mutual. The seller was Westport View Corporate Center LLC. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....