HFF completed the sale of 300 Main St., an 80,708 s/f office building. The property sold on behalf of the seller, SL Green Realty Corp. Seaboard Properties purchased the asset.
Built in 1927, 300 Main St., also known as the former First Union National Bank building, consists of an eight-story office building with street-level retail and a 147 space parking garage. Most recently renovated in 2011, the building is 76% leased to tenants including Elizabeth Arden. The property is located in the Downtown Stamford Historic District near the intersection of Rte. 1 and less than one-third of a mile from I-95.
The HFF investment sales team representing the seller was led by senior managing directors Jose Cruz and Andrew Scandalios, managing directors Kevin O'Hearn and Jeffrey Julien and associate director Steve Simonelli.
"This asset presented investors with a prime opportunity to acquire a well-maintained and ideally positioned historical property in a great downtown location within Stamford, which is home to numerous Fortune 500 and top flight financial firms," said Cruz.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc.. HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.