{"id":1004186183,"date":"2017-08-07T05:49:56","date_gmt":"2017-08-07T13:49:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004186183"},"modified":"2017-08-07T05:49:56","modified_gmt":"2017-08-07T13:49:56","slug":"cbre-pays-97m-for-stamford-towers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-pays-97m-for-stamford-towers\/","title":{"rendered":"CBRE Pays $97M for Stamford Towers"},"content":{"rendered":"

By Corina Stef<\/p>\n

\"Stamford<\/a>

Stamford Towers, Stamford, Conn.<\/p><\/div>\n

A joint venture between SL Green\u00a0<\/strong>and\u00a0TH Real Estate\u00a0has sold two Class A office buildings in Stamford, Conn. The buyer, CBRE Global Investors, purchased the adjacent properties for $97 million, in the city’s largest office sale so far this year, according to\u00a0Stamford Advocate.<\/em><\/p>\n

Stamford Towers are sited at\u00a0680 and 750 Washington Blvd., totaling 325,416 square feet of space, according to Yardi Matrix. They were built in 1988 and renovated in 2015, now including a new fitness center and basketball court, a conference facility and glass-clad entryways. \u00a0<\/p>\n

Easy access to Manhattan<\/h2>\n

The towers are located in the CBD, minutes away from the Stamford Transportation Center, which is closely linked to Manhattan’s Grand Central Terminal. Nearby amenities also include the Stamford Town Center Mall, restaurants and retailers.<\/p>\n

The properties are occupied by tenants such as Citigroup, UBS Financial Services, H\/2 Credit Manager, Titan Advisors, Gerald Metals, Bank of Ireland, Oaktree Capital and Oppenheimer, to name a few.<\/p>\n

CBRE Institutional Properties\u00a0Vice Chairman Jeffrey Dunne, Senior Vice President David Gavin<\/a>\u00a0and Travis Langer acted on behalf of the sellers. Stamford Towers last traded in 1998 for a combined $61 million.<\/p>\n

\u201cStamford Towers represents the most recent example we\u2019ve seen of strong demand in the market for high-quality suburban properties. We expect CBRE Global Investors will fare well with the acquisition due to Stamford Towers\u2019 credit rent roll and strong position in the market,<\/em>\u201d Dunne said in a prepared statement.<\/p>\n

Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

SL Green and TH Real Estate sold the two buildings after completing a series of significant upgrades that involved building a new fitness center, basketball court and conference facility.<\/p>\n","protected":false},"author":241,"featured_media":1004186189,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1600,21742,10,21747],"tags":[32789,32895,32870],"class_list":["post-1004186183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-sl-green-realty-corporation","tag-th-real-estate"],"acf":[],"yoast_head":"\nCBRE Pays $97M for Stamford Towers - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-pays-97m-for-stamford-towers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Pays $97M for Stamford Towers\" \/>\n<meta property=\"og:description\" content=\"SL Green and TH Real Estate sold the two buildings after completing a series of significant upgrades that involved building a new fitness center, basketball court and conference facility.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-pays-97m-for-stamford-towers\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-07T13:49:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/gallery-photos-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1333\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-pays-97m-for-stamford-towers\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-pays-97m-for-stamford-towers\/\",\"name\":\"CBRE Pays $97M for Stamford Towers - 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