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Malkin Group Buys First Stamford Place for $152.5 Mil

STAMFORD-An investment group led by the Malkin family says it took advantage of an unsettled capital-market environment and has acquired the 810,000-sf First Stamford Place office complex here from TrizecHahn.

By John Jordan | Updated on January 24, 2001

STAMFORD-The First Stamford Place office complex Downtown here has been sold by TrizecHahn to an investment group led by Peter and Anthony Malkin for $152.5 million.

The deal was announced by W&M Properties, the marketing, management and acquisition arm of the Malkin family. W&M has been retained to manage the three-building, 810,000-sf office complex that is located near the Stamford Transportation Center and Malkin’s Metro Center office complex. This latest acquisition brings the Malkin portfolio in the Westchester-Connecticut market to 2.3 million sf, which makes the investment group the largest private commercial property owner in the area.

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