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Colliers International Brokers Sale of 750 East Main Street in Stamford, Conn.

| October 21, 2016 | 0 Comments

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STAMFORD, Conn., Oct. 21, 2016 Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) has orchestrated the sale of 750 East Main Street, located at the northern edge of the Stamford CBD submarket in Fairfield County. Darien-based Forstone Capital, LLC acquired the 103,367-square-foot Class A office asset in an off-market transaction.

Al Gutierrez, an executive managing director, and Enzennio Mallozzi, a managing director in the global commercial real estate services firm’s Stamford, Conn., branch, as well as Cynthia Foster, president, office services USA in Colliers’ New York City office, represented the seller and procured the buyer in the transaction.

“This transaction required a buyer who knows the market well and understands that this is a quality asset at a value-driven price,” said Gutierrez. “We had to move quickly in order for the exit strategy to be beneficial for the seller, and were able to find the right buyer and complete the deal within a 40-day window.”

The 10-story building features six floors of office space and four levels of structured parking, with a flexible floorplate suited to small and large tenants in numerous industries, including financial services, technology, insurance, sales, service and marketing. Amenities include food services, a fitness center, conference facility and security.

One of the property’s most striking attributes is the unparalleled views it offers of Long Island Sound. “A fully amenitized product such as this will allow Forstone Capital to bring to market a competitive alternative in the Stamford CBD market,” said Mallozzi.

The site is highly visible from Interstate 95, providing signage opportunities for larger firms. In addition, it is well-located within walking distance to downtown Stamford, with easy access to shopping, restaurants, the Stamford Station Commuter Rail and I-95.

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About Colliers International Group

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in New York, follow @Colliers_NYC and Twitter.

 

About Forstone Capital

 

Forstone Capital, LLC is a real estate investment firm located in Darien, Connecticut that provides a full range of commercial real estate services to private equity investors and select individual clients. Since its inception in 2007, Forstone has acquired and managed over 1,300,000 square feet of office, retail, and multi-family properties throughout Connecticut.

 

At Forstone, we specialize in identifying well-positioned real estate projects that are under performing as a result of being undercapitalized, undermanaged or functionally obsolete. We strive to provide our clients with valuable investment opportunities through off-market deal sourcing, intimate market knowledge and hands-on execution of their asset strategies through proprietary leasing, development, construction, and property management services.

 

Learn more about us online at www.forstonecapital.com

 

 

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