{"id":1004228806,"date":"2018-05-10T09:07:47","date_gmt":"2018-05-10T17:07:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004228806"},"modified":"2022-12-04T18:15:30","modified_gmt":"2022-12-05T02:15:30","slug":"simone-development-snags-ct-warehouse-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/simone-development-snags-ct-warehouse-office-asset\/","title":{"rendered":"Simone Development Snags CT Warehouse\/Office Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004228814\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/16-Courtland-Avenue.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004228814\" data-attachment-id=\"1004228814\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/simone-development-snags-ct-warehouse-office-asset\/16-courtland-avenue\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/16-Courtland-Avenue.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"16 Courtland Avenue\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;316 Courtland Ave., Stamford, Conn. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/16-Courtland-Avenue.jpg?w=400\" class=\"wp-image-1004228814 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/16-Courtland-Avenue.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/16-Courtland-Avenue.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/16-Courtland-Avenue.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004228814\" class=\"wp-caption-text\">316 Courtland Ave., Stamford, Conn.<\/p><\/div>\n<p>Simone Development Cos. has acquired 316 Courtland Ave., a warehouse\/R&amp;D and office asset in Stamford, Conn.<\/p>\n<p>The 118,500-square-foot property currently has 78,000 square feet available for lease, breaking up into 65,638 square feet of warehouse\/R&amp;D and 12,768 square feet of office. The asset is within close proximity to Interstate 95 and the Glenbrook train station. 316 Courtland Ave. offers a 1.1-acre outdoor storage space, 12- to 17-foot ceiling heights, 243 parking spaces, clear span warehouse space, an elevator to the second floor of the office space and ample power.<\/p>\n<h2>Growing Portfolio<\/h2>\n<p><em>\u201cThis acquisition continues the expansion of Simone Development\u2019s tri-state industrial portfolio. Over past few months we have acquired a total of 285,500 square feet of industrial properties in five transactions,\u201d<\/em> said\u00a0James MacDonald, vice president of Leasing for Simone Development, in prepared remarks.<\/p>\n<p>Last July, the company entered the New Jersey market by purchasing the <a href=\"https:\/\/www.commercialsearch.com\/news\/simone-forays-into-nj-with-mob-buy\/\">62,000-square-foot Prospect Plaza<\/a> in Hackensack. The company plans to implement extensive upgrades to the medical office building, which was acquired in a bank auction and was 52 percent occupied at the time.<\/p>\n<p><em>Image courtesy of Simone Development Cos.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 118,500-square-foot property at 316 Courtland Ave. currently has 65,638 square feet of warehouse and R&amp;D, as well as 12,768 square feet of office space available for lease. <\/p>\n","protected":false},"author":746,"featured_media":1004228814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,10,21747],"tags":[34413],"class_list":["post-1004228806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-northeast","category-office","tag-simone-development-companies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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