Search
 

$3-Mil to Upgrade Office Building to Class A Property

STAMFORD-Renovations to the building, scheduled to be completed by the end of the year, should transform it into a class A property. Its 80,000 sf of available space is the largest continuous block of office space in the Bridgeport market.

By remstaff | Globe Street | | Updated on April 09, 2001

STAMFORD-Park City Plaza, an 180,000-sf building here, is currently undergoing more than $3 million in interior and exterior renovations as well as additional landscaping designed to transform it into a class A property. Work is scheduled to be completed by year’s end. The 80,000 sf of available space in the building represents the largest contiguous block of office space in the Bridgeport market. The available space includes the entire top floor of the 18-story building, which has 16,500 sf of space.

“This is a class A facility being offered at a Class B price,” says Cushman & Wakefield Jodie Dostal, who says that asking rates start at about $18.75 per sf. C&W is the exclusive leasing agent for the property. “The space is ideal for financial services or high-tech firms, and we are also targeting back-office users from Stamford all the way up to New Haven,” Dostal adds. In addition to Dostal, Kevin Foley and Meredith Siburn of C&W will be working on the assignment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.