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Simone Adds to Industrial Portfolio with Stamford Deal
Simone Development Companies has acquired 316 Courtland Ave. a 118,500-square-foot property in Stamford, CT, featuring warehouse/R&D and office space from the Baker Companies. The sale price was $13.3 million, according to public records.
“This acquisition continues the expansion of Simone Development’s tri-state industrial portfolio,” said Simone vice president of leasing James D. McDonald. “Over the past few months, we have acquired a total of 285,500 square feet of industrial properties in five transactions.”
Cushman and Wakefield and Laurence London & Co. represented Baker Companies in the sale. Simone’s team represented themselves in-house.
Seventy-eight thousand square feet is immediately available, including the largest block of contiguous warehouse space available in Stamford. “Of the 64,000 square feet of warehouse space, we will consider dividing as small as 12,000 square feet,” said Josh Gopan, Simone’s director of leasing. “The flexibility of the building is one of its best attributes.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
