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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...