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Stamford Building Fetches Record Price

STAMFORD-Despite a commercial office leasing and investment sales slowdown here, a 6,000-sf office building in downtown Stamford has been purchased for $322 per sf, easily shattering the previous sales price for commercial office space here.

By John Jordan | Updated on February 25, 2002

STAMFORD-A 6,000-sf office building in the heart of downtown Stamford, 35 Sixth St., has been sold for $2 million. The purchase price, which computes to approximately $322 per sf, is the highest per sf price ever paid for a commercial office building here.

Cory R. Gubner, president of Chase Commercial Real Estate LLC/TCN Worldwide, says that he does not believe any commercial office sale in downtown Stamford ever reached the $300 per sf level until the sale of 35 Sixth St. closed in late January. Gubner, who was the sole broker in the deal, reported the sales transaction between seller Seaboard Realty Corp., and Brunswick Enterprises, the buyer.

He explains that Seaboard Realty, an insurance concern, had occupied the building until the company was sold last year. The new owner, Brunswick Enterprises, has moved its software business–Norbert Technologies–into the space at 35 Sixth St.

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