9/7/2007

Stamford office building goes for $21.5 million

by

One Atlantic St.

An affiliate of Seaboard Properties paid $21.5 million for the 81,491 square foot One Atlantic St. building in Stamford, Conn.

The seller, Montvale, N.J.-based Ivy Realty, and the buyer were both represented by Jeffrey Dunne, Steven Bardsley and Christopher Leonard of CB Richard Ellis' New York Tri-State Region Institutional Group.

The eight-story building sits at the corner of Atlantic and Broad streets and is listed in the National Register of Historic Places.

One Atlantic St. is located near the new Marriott Courtyard hotel and the Target retail project. The building's tenants include Bank of America, Diserio, Martin & O'Connor, and Perkins Eastman Architects.

Seaboard recently sold two office properties in the city for $87 million.

Stamford-based Seaboard is real estate acquisition company with a current portfolio of 800,000 square feet.

Ivy Realty is a full service real estate company offering asset management, property management, accounting, construction and leasing services.

The CB Richard Ellis New York Tri-State Region Institutional Group specializes in the sale of investment properties in the suburban markets surrounding New York City as well as select regional markets throughout the country.

Address: One Atlantic St., Stamford, Conn.

Size: 81,491 square feet

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Filed Under: Mixed Use

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