JV Lands Stamford Office Trophy for $136M

June 08, 2007 By Ethan Fry, Staff Writer

A Stamford, Conn., trophy office building made famous by NBC's sitcom "The Office" has changed hands. A joint venture led by Antares Investment Partners has purchased Stamford Harbor Park (pictured), a two-building office property, for $135.8 million.

The 394,000-square-foot property, made up of two eight-floor towers attached by a two-story atrium, received the BOMA Building of the Year award in 2004 and was the fictional setting of a branch of the Dunder-Mifflin paper company in the critically acclaimed sitcom’s third season.


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The strength of the Stamford investment market, though, is anything but fiction. Keystone Realty Capital principal Chris McManus, who brokered the sale with colleague Patrick Grasso, told CPN today that there was “really broad interest” for the property when it came on the market, attracting over 150 prospective buyers ranging from local entities to groups from every major city in the country.

"Stamford’s really coming into its own,: McManus added, noting that current interest in the market is "well above what anybody expected.

"The property is currently 76 percent leased, with tenants including Deloitte & Touche, XLX America, KAO Brands and Coca-Cola. The location will be a centerpiece of Antares' 3.5 billion, 104-acre Harbor Point mixed-use project in the south end of the city.

The property also includes an adjacent 3.2-acre development parcel, and has views of a 32-slip marina and Stamford Harbor. The Antares-led joint venture also includes Goldman Sachs and Lubert-Adler Real Estate Funds. The seller was Cornerstone Real Estate Advisors LLC. The deal closed on May 31, McManus said.

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