 |
| 300 Main Street, former First Union National Bank Building, Stamford, CT |
 |
| Jose Cruz |
FLORHAM PARK, NJ - HFF announced today the sale of 300
Main Street, an 80,708-square-foot office building in Stamford,
Connecticut, which it sold on behalf of the seller, SL Green Realty Corp. Seaboard Properties purchased the asset.
Built in 1927, 300 Main Street, also known as the former
First Union National Bank building, consists of an eight-story office building
with street-level retail and a 147 space parking garage.
 |
| Andrew Scandalios |
Most recently renovated in 2011, the building is 76 percent
leased to tenants including Elizabeth Arden. The property is located in the Downtown Stamford Historic
District near the intersection of Route 1 and less than one-third of a mile
from Interstate 95.
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 and associate
director Steve Simonelli.
 |
| Kevin O'Hearn |
“This asset presented investors with a prime opportunity to
acquire a well-maintained and ideally positioned historical property in a great
downtown location within Stamford, which is home to numerous Fortune 500 and
top flight financial firms,” commented Cruz.
SL Green Realty Corp., New York City's largest office
landlord, is the only fully integrated real estate investment trust, or REIT,
that is focused primarily on acquiring, managing and maximizing value of
Manhattan commercial properties.
 |
| Jeffrey Julien |
As of June 30, 2013, SL Green owned interests in 87
Manhattan properties totaling 42.8 million square feet. This included ownership interests in 24.3
million square feet of commercial properties and debt and preferred equity
investments secured by 14.7 million square feet of properties.
In addition to its
Manhattan investments, SL Green holds ownership interests in 31 suburban assets
totaling 5.4 million square feet in Brooklyn, Long Island, Westchester County,
Connecticut and New Jersey, along with three development properties in the suburbs
encompassing approximately 0.4 million square feet.
 |
| Steve Simonelli |
The company also has ownership interests in 30 properties
totaling 4.1 million square feet in southern California.
Seaboard Properties Incorporated owns and manages a diverse portfolio of
high-quality, distinctive commercial and residential properties.
Its long-standing
commitment to Stamford and Fairfield County is based on a belief that Stamford
is poised to emerge not only as an independent financial center but as the
major urban center within the New York metropolitan corridor.
At Seaboard, the firm considers its tenants clients, and
believes in establishing relationships built on quality spaces and added
services.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
No comments:
Post a Comment