Tudor Investment Corporation leased 24,000 square feet of headquarters office space at 200 Elm St., a Class A office property located in downtown Stamford, CT. Tudor plans to occupy space in the B wing of the nearly 400,000-square-foot building owned by Building and Land Technology (BLT). Tudor is expected to move in April 2018. 200 Elm
HEI Hotels & Resorts, headquartered in Connecticut, has sold the 167-room Embassy Suites Orlando-Downtown. Paradise America, a foreign buyer, paid $26 million for the property at 191 E. Pine St. Daniel Peek, Michael Weinberg and Preston Reid with HFF represented the seller in the transaction. The new owner reportedly plans a “significant property improvement plan”
Forstone Capital LLC acquired 750 East Main Street, a 103,367-square-foot office building at the northern edge of the Stamford, CT central business district. Forstone acquired the asset for $8.1 million from Aegean Capital LLC in an off-market transaction. Al Gutierrez, Enzennio Mallozzi and Cynthia Foster with Colliers International represented the seller and found the buyer.
Xceligent’s parent company, London-based Daily Mail and General Trust plc, abruptly shuttered operations of the U.S. division and filed for chapter 7 bankruptcy liquidation. The roughly 250 employees of the Kansas City, MO-based commercial real estate data firm were notified Thursday of the decision, and were asked to immediately vacate. Xceligent’s board decided to dissolve
Rendina Healthcare Real Estate continues to make progress on the development of Bristol Hospital’s new 62,000-square-foot Ambulatory Care Center (ACC) in Bristol, CT. Recently, hospital officials, government leaders and the developer gathered to commemorate a beam-signing construction milestone at the downtown site. The state-of-the-art healthcare facility is being built at Main Street and Riverside Avenue.
Calare Properties, based in Hudson, MA, sold 40 Pepe’s Farm Road in Millford, CT to an undisclosed institutional buyer for $13.3 million. With the sale, Calare officially ended its less-than-three-year hold on the industrial property. Calare acquired the Southern Connecticut property in 2014. At the time, the asset was 50% occupied. Calare made extensive property
Thorofare Capital provided $53.5 million in senior debt to refinance a two-property, 198-unit multifamily portfolio in Norwalk, CT. The financing is secured by two Class A apartment communities developed in 2016 by the sponsor, a joint venture between affiliates of Alex. Brown Realty, Inc. and Belpointe Companies. The properties include Berkeley at Waypointe (pictured), located
Greenwich, CT-based Arch Street Capital Advisors, LLC divested 11 properties located across seven states totaling roughly 2.8 million square feet of primarily single-tenant, long-term, net-leased, industrial properties on behalf of an institutional client. The assets were acquired by an undisclosed buyer for $156.7 million. The portfolio is leased to a total of nine tenants that
JMC Holdings acquired Wexford Plaza, a 100,150-square-foot, Class A office property at 411 W. Putman in Greenwich, CT. The $51.5 million sales price to seller 411 Properties LLC was Greenwich’s largest in almost 10 years. The building is 92.2% occupied, and one of the main tenants is The Camuto Group, a fashion design company. JMC plans to
General Electric Co. is moving its global headquarters to Boston, from Fairfield, CT and New York City, where the company says there’s a “more pro-business environment.” By 2018, the 124-year-old manufacturer of aircraft engines, locomotives, power turbines and household appliances plans to permanently settle about 800 workers in Boston’s Seaport district. GE says that the 55 colleges and