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New York & Tri-State  + Fairfield/Westchester  + Office  |  November 30, 2020
Paul Bubny
By: Paul Bubny

JLL Closes Stamford Office Sale

JLL Capital Markets closed the sale of 900 Long Ridge Rd., a two-building, Class A office complex totaling 224,000 square feet in Stamford, CT. Monday Properties acquired the property from a Fortune 100 company.
 
The JLL team representing the seller was led by senior managing directors Jose Cruz and Kevin O’Hearn, senior directors Stephen Simonelli and Michael Oliver and analyst Michael Kavanagh. 
 
“Since COVID we are seeing investors pivot to office investments that primarily feature a single investment-grade tenant with a long-term lease, which was the case here at 900 Long Ridge Rd.,” said Cruz.
 
900 Long Ridge Rd. is 73.35% occupied overall, and Building 2 serves as the headquarters for an investment grade tenant in the food and beverage industry. The property is positioned within Stamford in Southern Connecticut, and more specifically, in the Merritt Parkway Corridor, which features more than 5.4 million square feet of office space.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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