Building & Land Technology Buys Nyala Farms for $130M

Building and Land Technology, a Stamford-based holder of some of the largest and most prominent corporate buildings in southwestern Fairfield County, announced Monday that it acquired another one — Nyala Farms in Westport.

Various news reports say the Nyala Farms complex was bought for $130 million, based on property transfer filings. That makes the deal the largest in Connecticut this year and the largest ever for Westport, according to Westport News. As a result of the property transaction, the town received $325,000 in fees, and the state got $1,625,000, according to Westport Now.

The 53-acre, 372,207-square-foot property near the Sherwood Island Connector has several prominent corporate tenants, including Terex, Morgan Stanley, RBC and the hedge fund Bridgewater Associates.

Bridgewater had been trying to move to Stamford with the help of Building and Land Technology, but that deal fell through as a BLT proposal for corporate space became bogged down in controversy before land-use boards, as the Stamford Advocate reported.

The purchase announced Monday might help Westport retain Bridgewater, a major employer in town and, at 1 Glendenning Place, a large taxpayer, as Westport News reported.

As Westport Now reported, "BLT long has had close ties to Bridgewater and has employed Matt Dalio, son of Bridgewater founder Ray Dalio.