Jeffrey Sussman, president of the Louis Dreyfus Property Group, says, "We hope to make some exciting announcements in the next 60 to 90 days," in reference to tenant lease signings at the property located on Washington Boulevard, across from the Swiss Bank complex.
The Connecticut Place building is a joint venture of Louis Drefyus and Apollo Real Estate Investment Fund. Sussman tells GlobeSt.com that his firm is in negotiations with three tenants that are seeking to lease approximately 400,000 sf of space. However, while he would not reveal the identity of the interested companies, he says that two are from Connecticut and one is from Westchester County.
"This came as a surprise to me because there is so much pent up demand for space in New York City," he relates. In addition, he notes that with asking rents skyrocketing in Manhattan, his firm feels the Stamford property will be an attractive alternative for companies in the Big Apple.
While he says this still may be the case, he also theorizes that the Jersey City marketplace has thus far attracted the lion's share of large corporate space users studying relocation out of New York City.
Many area commercial real estate brokers, as well as Stamford Mayor Dannel Malloy, attended the event on Friday, Sept. 29. Louis Dreyfus has cleared land for the new office building venture but has not set an official ground-breaking date for the project, which will take 24 months to build. It is believed that dirt will be turned on the project once several lease deals have been secured.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
