WWE then planned to make the move in early 2021, however the COVID-19 pandemic pressured delays. It will permit the company to convey together its operations, together with its manufacturing studios and company places of work. The lease has an preliminary time period of approximately sixteen.5 years, with five five-year renewal choices afterward. In order to ensure success across a century of varying market cycles, George Comfort & Sons has diversified its portfolio, overseen repositioning of its property, and expanded its services. Since 1994, the firm has acquired belongings totaling greater than 14 million sq. ft, starting with 200 Madison Avenue.
To guarantee our web site performs properly for all customers, the SEC displays the frequency of requests for SEC.gov content material to ensure automated searches don’t impact the power of others to access SEC.gov content. We reserve the best to dam IP addresses that submit excessive requests. Current tips restrict customers to a total of no extra than 10 requests per second, whatever the number of machines used to submit requests. Building ownership was represented in-house in all transactions by Peter Duncan and Dana Pike. Before starting CompStak, Michael led the NY metro information middle practice for Grubb & Ellis, where he was named National Rookie of the Year and inducted into Real Estate New York’s 30 Under 30.
The company plans to promote the property it owns at 1241 East Main Street and leave its leased areas at 1266 East Main Street. It will “evaluate options” for the manufacturing studios at 88 and 120 Hamilton Avenue. Completed in 1998 to function the North American headquarters of UBS, the complicated was steadily vacated over the course of a decade. George Comfort & Sons joined AVG Partners of Beverly Hills, CA within the property’s possession in early 2018, taking on operating and leasing obligations, as nicely as creating and executing the plan to reposition and re-lease the buildings. Including the house WWE has, the 13-story constructing at 677 Washington is round 95% leased.
In this capability, he oversees every day operations while also reporting on each local/regional markets and national developments, covering particular person transactions across all property sorts, as well as delving into broader material. He produces day by day news tales per day and works with the Connect team and purchasers to develop longer-form content, starting from Q&As to thought-leadership pieces. Prior to becoming a member of Connect, Paul was Managing Editor for each Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications whereas also producing day by day news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four nationwide commerce publications.
It is strategically located near I-95 and to the Stamford Transportation Center, which provides each Metro North Commuter and Amtrak rail service. Now in its 10th decade of development, George Comfort & Sons is a market chief in the actual estate industry. Currently, the agency manages over 13.5 million sq. ft of commercial property. GCS’ blue chip base of Institutional Investors rely on the firm’s proven expertise in positioning properties and optimizing value in advanced urban and suburban environments.
George Comfort & Son’s acknowledged that the leasing exercise, together with the Philip Morris deal, represents a major step ahead in cementing the property’s standing as the center of Downtown Stamford. As part of ownership’s ongoing repositioning program, upcoming plans for the site include the event of a 400-unit condo building with an extra retail part, the company added. In the most important of the transactions, Philip Morris International has signed a 12-year lease for seventy one,484 square toes, encompassing the entire 11th and 12th floors.
Duncan and Dana Pike, also of George Comfort and Sons, represented possession in the transaction whereas Joe Cabrera and Mike Gordon of CBRE represented Thomson Reuters. JLL’s Drew Saunders, Robert Ageloff, Allison Melichar and Joe Messina represented WWE. Cushman & Wakefield’s Jay Hruska and Richard Jantz additionally advised WWE in the negotiations. Building ownership was represented in-house by CEO Peter Duncan and Dana Pike. Since launching CompStak in early 2012, Michael has helped navigate the corporate 526 angel number via tremendous development, with over $17 million raised, 70 main markets launched, and a 45 particular person staff. As a result of hard work and expansive experience, George Comfort & Sons’ portfolio has an impressive observe report of tenant retention and high occupancy rates.
Philip Morris International will be certainly one of WWE’s largest neighbors with seventy one,000 sq. toes after they transfer from New York City next summer season. Stamford, CT According to George Comfort & Sons, Inc. lease agreements totaling one hundred twenty,237 s/f have been accomplished at 677 Washington Blvd. in downtown. The three-building complex, which was empty three years ago, is now 95% leased. Main St., and “evaluate options” for manufacturing studios that it runs at 88 and 120 Hamilton Ave. The WWE now occupies about 92,000 square toes at its major offices within the “Titan Towers” complicated that it owns at 1241 E.
He graduated Babson College in 2005, where he led the Babson Entrepreneurial Exchange and was a member of the world’s first live-in enterprise incubator, the e-tower. 677 Washington Blvd totals 682,327 square feet, of which eleven,932 sq. toes is rentable. Building possession was represented in-house in all transactions by Mr. Duncan and Dana Pike.
This is where 677’s pavilion and tower connect, providing ample house to eat lunch, get some contemporary air, relax, and soak up views of Stamford and the waterfront. A pure extension of the building’s modern cafeteria, this out of doors terrace is well-equipped and at-the-ready to host impressive catered occasions, irrespective of the occasion. Growth equity investor General Atlantic has expanded its planned presence to a total of 21,879 square feet. Finally, Sandbrook Capital LLC signed a 10-year lease for 4,995 square ft.
