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JV’s Stamford Offices Score Leasing Success in Pandemic
Amassing 11 office leasing transactions over the past 12 months, 700 and 850 Canal St. in Stamford, CT continue to see steady interest from prospective tenants, according to the properties’ joint venture ownership. With the support of exclusive office leasing agent Cushman & Wakefield, Gottesman Real Estate Partners and Mountain Development Corp. have inked more than 33,000 square feet in transactions at the sister properties in a challenging, pandemic-compressed market.
Most recently, cross-fitness-style gym Madabolic signed a new lease this spring for 3,760 square feet at 850 Canal, while longtime tenant Gainline Capital Partners renewed and expanded its offices to 4,620 square feet at 700 Canal.
“The success of these properties within the current office real estate climate speaks to both the desirability of the location and this established ownership’s responsiveness to meeting tenant needs,” said Cushman & Wakefield’s Brian Scruton, who heads the leasing assignment with William Montague.
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