A commercial building on Pine Street that’s been the subject of wide speculation, have been sold in the past week, according to property transfer records on file with the Town Clerk.
50 Pine St. in New Canaan, formerly Beval Saddlery, has sold for $4,350,000. Credit: Michael Dinan
The former Beval Saddlery at 50 Pine St. was purchased for $4,350,000 by a Bangor, Maine company and its principals, according to a transfer recorded Tuesday.
It isn’t clear what the buyer, a company called ‘Cross Realty – Connecticut LLC,’ plans to do with the property. Its managing partners—Royce Cross and officials from Cross Financial Corp and the Woodrow Cross Trust, according to records on file with the Connecticut Secretary of the State—could not immediately be reached for comment.
That LLC owns no other property in New Canaan, tax records show.
The building has been vacant since early summer, when Beval closed its Pine Street location.
The 1950-built brick building sits on .63 acres, tax records show.