201 TRESSER BOULEVARD
STAMFORD, CT
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As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 201 Tresser (201 Tresser Boulevard, Stamford CT) for sale. This 13-story, 481,266 square foot iconic office building is one of the most recognized architectural landmarks along the I-95 northeast corridor. Located two blocks from the Stamford Transportation Center and immediately off I-95, the property offers walkable access to Downtown Stamford’s vibrant and diverse retail amenity base, surging residential landscape, and mass transit.
201 Tresser is characterized by its unique cantilevered glass facade, five-acre landscaped terrace, large open floor plates with floor to ceiling windows, and central CBD location with frontage and signage along I-95 making it an ideal headquarters location. In 2021, ownership completed a $2.6 million dollar renovation program introducing a redesigned lobby, conference rooms, and state-of-the-art 8,000 square foot fitness center.
As young talent floods into Downtown Stamford, corporations have followed evidenced by over 2.4 million square feet of new leasing activity in the city over the last 24 months and over 875,000 square feet of active requirements. 201 Tresser offers investors and users the rare opportunity to capitalize on record leasing demand in acquiring a recently renovated trophy office building with newly available contiguous space at the heart of Stamford’s thriving central business district.
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To receive access to the online download center, please execute the
confidentiality agreement via the link below.
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ICONIC DESIGN & VISIBILITY
• One of the most recognized architectural landmarks along the I-95 Corridor from NYC to Boston
• Distinctive cantilevered glass facade with HQ signage opportunity (137,800 VPD)
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LOW BASIS | VALUE-ADD PROPERTY
• 50% occupied by 9 tenants at an average rent of $47.71 PSF, nearly 26% below the competitive set
• Opportunity to realize operating expense efficiencies from previous owner/occupier
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THE RISE OF STAMFORD
• At the heart of Stamford's surging CBD surrounded by over 7,000 newly constructed residential units, 100+ restaurants, nightlife, arts & entertainment
• Two blocks from the Stamford Transportation Center with non-stop 50 minute access to NYC (Grand Central Station)
• 90% population growth since 2010, 49.3% of Stamford's population is less than 35 years of age
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INFLUX OF CORPORATE RELOCATIONS | PROVEN FLIGHT TO QUALITY
• Fairfield County leasing velocity up +7.5% YoY, +875,000 SF of active Stamford requirements
• Extremely limited space availability in Downtown Stamford's best-in-market office buildings
• Impressive post COVID local leasing from new-to-market tenants including Digital Currency Group (90,000 SF), Philip Morris (75,000 SF) iCapital Networks (65,000 SF), Elliot Management (42,000 SF), Braidwell (33,000 SF), Equinor (30,000 SF), Piper Sandler (25,000 SF) and others
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TOTAL SF | OCCUPANCY
481,266 | 50%
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DAVID W. BERNHAUT
Executive Vice Chairman
+ 1 201 460 3356
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GARY GABRIEL
Executive Vice Chairman
+ 1 201 460 3352
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AL MIRIN
Executive Managing Director
+ 1 203 326 5822
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MATTHEW TORRANCE
Senior Director
+1 203 326 5838
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FRANK A. DITOMMASO II
Executive Director
+ 1 201 508 5303
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SETH ZUIDEMA
Senior Analyst
+1 201 508 5321
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BILL BAUNACH
Senior Analyst
+1 201 508 5270
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ADAM DONEGER
Executive Vice Chairman
+1 212 850 5439
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ADAM SPIES
Co-Head of U.S. Capital Markets
+1 212 850 5420
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STEPHEN F. BAKER
Executive Managing Director
+1 203 249 5448
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MATTHEW LISK
Executive Managing Director
+1 914 305 9303
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TARA LONG
Senior Director
+1 203 326 5886
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JOHN ALASCIO
Vice Chairman
+1 212 841 9238
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CHUCK KOHAUT
Senior Director
+ 1 201 528 2154
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TJ SULLIVAN
Senior Director
+1 212 841 7977
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Cushman & Wakefield, LLC | Capital Markets
One Meadowlands Plaza, 7th Floor, East Rutherford, NJ
+1 201 935 4000
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© 2023 Cushman & Wakefield. All rights reserved. The information contained in this communication is confidential, may be privileged and is intended for the exclusive use of the above named addressee(s). If you are not the intended recipient(s), you are expressly prohibited from copying, distributing, disseminating, or in any other way using any information contained within this communication. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE. This e-mail may be considered advertising under federal law. |
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