1010 Washington Blvd in Stamford trades in JLL-brokered sale
Class A office building in a transit-oriented, downtown location
MORRISTOWN, N.J., November 11, 2019 – JLL announces that it has closed the $23.1 million sale of 1010 Washington Boulevard, a Class A office building totaling 148,000 square feet in downtown Stamford, Connecticut.
JLL represented the seller, SL Green Realty Corp., and procured the buyer, New England Investment Partners, LLC.
1010 Washington Boulevard is strategically positioned in Stamford’s central business district just minutes from the Stamford Town Center and within walking distance of more than 450,000 square feet of retail and entertainment amenities. It is an impressive, well-located building, with a strong and prestigious tenant base. Additionally, the property is close to major highways, including the Connecticut Turnpike/Interstate 95 and U.S. Route 1, and is within walking distance of the Stamford Train Station for a short 45-minute commute into Manhattan. Downtown Stamford continues to go through a revitalization with significant development, improvements and expansions.
1010 Washington Boulevard comprises two interconnected buildings, an 11-story Tower Building featuring parking on floors one through five and a three-story Plaza Building. The property offers state-of-the-art amenities and services, including a private shuttle service to the Stamford Train Station, fitness center, private storage, on-site security and ample covered parking.
The JLL Capital Markets team representing the seller included Jose Cruz, Steve Simonelli, Kevin O’Hearn, Michael Oliver and Ryan Robertson.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2019, SL Green held interests in 93 Manhattan buildings totaling 45.0 million square feet. This included ownership interests in 27.2 million square feet of Manhattan buildings and 17.8 million square feet securing debt and preferred equity investments. In addition, SL Green held ownership interests in seven suburban properties comprised of 15 buildings totaling 2.3 million square feet in Brooklyn, Westchester County and Connecticut.
New England Investment Partners, a Stamford, Connecticut-based real estate investment and management company, owns and manages properties throughout New England, and actively pursues the acquisition of Class A and B office, industrial, retail and multi-family properties. For more information, please visit: neiprealestate.com.