The 482,852-sf building with 15 floors was sold just last June to International Paper as part the company's acquisition of Champion International Corp., which was based here. Now, 400 Atlantic Associates LLC owns the building where International Paper will lease approximately 132,000 sf of space distributed among four floors. The partnership that acquired the site is made up of the Landis Group, based here; Allegiance Capital Partners, based in New York City; and Riveroak Investment Corp., also based here.

Andrew Merin, executive director of C&W's Financial Services, negotiated the sale. "The sale of he International Paper Building marks the first time in a number of years that an office property of such size and quality has been sold in the Stamford market," he commented in an official statement.

"The International Paper Building is a symbol of Stamford's vibrant economy," said Mayor Dannel Malloy when the announcement was made. "When International Paper decided to relocate its headquarters to the building earlier this year, we considered it a real coup for the city. Now, this same building will offer tenants the opportunity to relocate or expand to one of Stamford's best addresses."