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Louis Dreyfus Nears Decision on Connecticut Place

STAMFORD, CT-Louis Dreyfus Property Group says it expects to make an announcement in the next two to four weeks on several large lease deals that will allow it to begin construction on its 574,000-sf Connecticut Place project, GlobeSt.com has learned.

By John Jordan | Updated on May 14, 2001

STAMFORD, CT-An official with the Louis Dreyfus Property Group tells GlobeSt.com the company is very close to giving the green light to begin construction on its much anticipated Connecticut Place office building here. The company is seeking to achieve leases equaling a little less than half the square footage of the building before building.

David Friedman, northeast regional vice president of Louis Dreyfus Property Group, says the company is in negotiations with three major prospective tenants for approximately 400,000 sf of total space. While Friedman would not reveal the identity of the corporations his firm is talking with, he notes that the firms are seeking to lease 155,000 sf, 145,000 sf and 90,000 sf respectively.

He confirms that Louis Dreyfus feels it needs approximately 250,000 sf in signed lease deals before it begins construction on the 23-story, 574,000 sf building. “We really need two of these deals,” Friedman says in order to begin construction. “Hopefully they will be announced in the next two to four weeks,” he reveals.

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