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| 9 West Broad Street, Stamford, CT |
FLORHAM PARK, NJ – HFF announced today that it has closed
the REO sale of 9 West Broad Street, a 200,301-square-foot office
property located in downtown Stamford,
Connecticut.
HFF marketed the property on behalf of the seller. The
purchaser is a joint venture between Forstone Capital LLC and certain funds
managed by Westport Capital Partners LLC.
 |
| Jose Cruz |
9 West Broad Street is situated on 2.88 acres at the north
end of Mill River Park in Stamford, with quick access to Interstate 95, Route
1, Merritt Parkway, the Stamford Metro North commuter rail station and Stamford
Town Center.
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| Andrew Scandalios |
Renovated in 1999, the nine-story property is anchored by
American Institute for Foreign Studies. 9 West Broad Street features a
full-service cafeteria and a separate parking garage.
The HFF investment sales team representing the seller was
led by senior managing directors Jose Cruz and Andrew Scandalios,
managing directors Kevin O’Hearn and Jeffrey Julien as well as
associate director Steve Simonelli.
 |
| Kevin O'Hearn |
“9 West Broad Street is well-positioned for value creation
through lease-up and will benefit from its location in Stamford, which is home
to numerous Fortune 500 companies and top financial firms,” said Cruz.
O’Hearn added,
“Forestone continues to expand their presence in the Fairfield County and is
one of the most active investors in this submarket.”
Forstone Capital, LLC is a boutique real estate investment
firm located in Darien, Connecticut that provides a full range of commercial
real estate services to private equity investors and select individual clients.
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| Jeffrey Julien |
Since its inception
in 2007, Forstone Capital has acquired over 1 million square feet of office,
retail, and multi-family properties throughout Connecticut.
At Forstone Capital,
the firm strives to provide clients with valuable investment opportunities
through off-market deal sourcing, intimate market knowledge and hands-on
execution of their asset strategies through proprietary leasing, development
and management services.
 |
| Steve Simonelli |
Westport Capital Partners LLC is an investment management
company focused exclusively on opportunistic and distressed real estate
investments. The company invests in real estate through direct and indirect
property ownership and through public and private real estate securities and
financial instruments.
The company focuses on distressed assets, value-added
transactions, and domestic and international development opportunities
For a complete copy of the company’s news release, please
contact
Kristen M. Murphy
Associate
Director
HFF
| 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel
713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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