STAMFORD, CT-After hiring L&L Holding to revamp the former General Reinsurance Corp. headquarters here, Lehman Brothers Holding Inc. has decided to bypass any repositioning of the asset and take it directly to market.
A team from Cushman & Wakefield is currently marketing the building, at 695 E. Main St., and according to Andrew Merin of the East Rutherford, NJ office, its generating substantial interest, primarily among investors.
“We have one very large tenant looking at the property now,” Merin tells GlobeSt.com. “Over 100 investors have signed confidentiality agreements and as of the end of this week we will have had over 20 tours.” The initial round of bids, he adds, is due August 17th.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
