"http://www.stamfordplus.com/stm/information/nws1/publish/News_1/index.shtml - News</head> : Real Estate Published: Sep 12, 2017 - 2:27:54 PM


Colliers International Group Brokers Purchase of Three Office Buildings in Stamford

By Colliers International





Font size: Small Big
Email this article
 Printer friendly page
Share this article:
facebook del.icio.us Yahoo! MyWeb Digg reddit Furl Blinklist Spurl
Buy the "As seen on" mug


High_Ridge_Rd.jpg
(Left to Right) 1 Bank Street, 1011 High Ridge Road and 992 High Ridge Road (contributed photo)
STAMFORD, CT - Colliers International has brokered the sale of three office buildings totaling 52,000 square feet at 992 and 100 High Ridge Rd. and 1 Bank Street in downtown for $7,571,814. The buyer is local development and investment firm Kolich Holdings LLC. The sale was orchestrated by Enzennio Mallozzi, managing director of Colliers International’s Stamford office.

“Anthony Kolich is an aggressive landlord who is going to make these buildings shine,” said Mallozzi. “All three buildings are in prime locations and need capital improvements, so they present significant value-add opportunities. Anthony is the type of landlord that takes pride in ownership and will deliver a quality work environment to all of his tenants.”

The office buildings at 992 and 1011 High Ridge Rd., 12,500 and 24,500 square feet, respectively, sit almost directly across from each other. Kolich plans to make substantial improvements to interior common areas, overhaul exterior facades, renovate parking lots and make landscape enhancements. Located in the heart of downtown Stamford, 1 Bank Street is a mixed-use building of 15,000 square feet surrounded by bars and restaurants with numerous other amenities within walking distance. The renovated building will offer a prime location for office tenants ranging from 700-to-5,000 square feet. The name of the seller, who owned all three properties, was not disclosed.

“We are going to reposition the properties with new facades and do upgrades to lobbies, hallways, bathrooms and elevators,” said Kolich. “We are currently securing the contractors to do the work.”

Kolich also said he was very pleased with how smoothly Colliers executed the deal. “This was my first time working with Colliers International, and Enzennio Mallozzi did an amazing job,” he said.

Mallozzi noted that Stamford is a strong market for investment sales because it is an economic hub for Connecticut and is the city reporting the most economic growth in the state.

“It’s a vibrant market that offers a good mix of retail, office and multifamily. It has access to Manhattan on I-95, the Merritt Parkway to the Hutchinson Parkway, or a 40-minute train ride,” he said. “The demographics are appealing to millennials and baby boomers. Stamford has an affluent demographic and offers residents an 18-hour work-live-play environment. It is gentrifying by the day.”




© Copyright by ConnecticutPlus.com. Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of ConnecticutPlus.com, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar. Photos without a credit line are "contributed photos".





Note: We reserve the right to delete posts at any time if we decide that they are offensive or distasteful.
CURRENT HEADLINES:
Conn. Joins $120M Settlement with General Motors over Defective Ignition Switch
Stamford Museum Holiday Exhibition, Gerberich’s Gadgets: The Best of Springs, Sprockets & Pulleys Opens November 17
CT Marathon Runners Get a Leg Up Using Natural Therapy
First County Bank Foundation Grants $96,500 to Norwalk Nonprofits
First Norwalk Chick-fil-A opens Oct. 19

Top of Page








ConnecticutPlus.com is part of the Canaiden Online Media Network.
Connecticut Plus Online | Stamford Plus Online | Norwalk Plus Online | Canaiden.com | Best of Norwalk | Best of Stamford | Hauterfly Magazine | SummerCampPlus.com

Copyright ©2005-2010 Canaiden,LLC All Rights Reserved.