The CBRE team of Jeff Dunne, Steve Bardsley, and Travis Langer, in collaboration with David Block, completed the sale of Stamford Towers, located at 680 & 750 Washington Blvd. in Stamford, CT. The sale price was not disclosed.
CBRE represented the seller, CBRE Investment Management, and procured the buyer, a joint venture of Lamar Companies and Real Capital Solutions (RCS). The acquisition is RCS’ first in Connecticut and Lamar’s first office deal this cycle.
“This acquisition reflects our conviction that today’s office market presents a once-in-a-generation buying opportunity,” said Adam Abeln, chief acquisitions officer of RCS. “Stamford Towers offers a Main-and-Main location, institutional quality and the ability to create value by reintroducing it to the market with fresh capital, spec suites and amenities that meet today’s tenant demand.”
Located a block from the Stamford Transportation Center, Stamford Towers includes two Class A office assets totaling 326,468 square feet. The 83% leased towers are anchored by Citigroup, Gerald Metals, H/2 Capital, Oaktree, and Legal & General.
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