Stamford Offices Secure Permanent Loan from BMO

Avison Young arranged a $22.5-million permanent mortgage loan on behalf of an investor group led by Mountain Development Corp. (MDC) for Harbor Square, a 165,114-square-foot multi-building office campus at 700 and 850 Canal St. in Stamford, CT. Bank of Montreal (BMO) provided the financing.

Avison Young’s Tri-State Debt and Equity Finance team led by principals Scott Singer and Andy Singer, executive director Kevin Swartz and senior director Jeff Moroch arranged the financing alongside MDC president Michael Seeve. BMO’s team was led by Rich Bianchi and Rick Grassey.

“This financing reflects both the enduring appeal of well-located, institutionally managed office assets and the continued momentum we are seeing throughout Stamford,” said Scott Singer. “Harbor Square offers a unique combination of historic architecture, transit connectivity and strong ownership, and BMO recognized the quality of both the asset and Mountain Development’s exceptional track record. We are proud to have advised MDC on this important financing.”

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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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