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The site of an historic Rowayton mansion built for a 20thcentury industrialist will be renovated into a 21st-century haven for financial services companies in need of office space.
Graham Capital Management LT announced May 8 that it purchased the Rockledge property at 40 Highland Ave. in Norwalk from Hewitt Associates for $17.3 million. The property includes a 102,492-square-foot office building and the Rockledge mansion.
Jeff Gage, senior vice president for Albert B. Ashforth Inc., represented Graham Capital in the sale. He said the company plans a $10 million renovation over the next year to convert the office space, which will be renamed Rock Ledge Financial Center.
"After nine years in Stamford, we have outgrown our current space and have chosen this landmark...