Strong Demand Pushes Sale of Stamford Industrial Duo
RM Friedland arranged today the sale of two industrial/flex buildings in Stamford, CT on behalf of Robert Martin Company. Deal terms weren’t disclosed. The buildings, 419 and 650 West Ave., are located in the Stamford Executive Park, where Elmsford, NY-based Robert Martin Company continues to own 500, 550, and 600 West Ave.
“With the recent explosion in demand for industrial/flex space in Stamford, this was an opportune time for Robert Martin to sell these two properties at a premium price,” said Sarah Jones-Maturo, president of RM Friedland.
She continued, “Stamford, with its proximity to New York City and the northern suburbs, continues to garner the highest price per square foot for industrial/flex space in Fairfield County. In addition, the lack of inventory in adjacent markets is creating tremendous opportunity for the Stamford industrial market.”
Bill Anson and Jillian Reiner handled the transaction on behalf of RM Friedland.