Graham Capital, which currently leases approximately 28,000 sf of space at Stamford Harbor Park, will occupy 60,000 sf of the financial center as its headquarters and will lease the remaining space. Graham Capital Management plans to undertake extensive renovations to the property prior to occupancy. According to Jeffrey H. Gage of Albert B. Ashforth who represented Graham Capital Management in the deal, the company will spend in excess of $10 million to transform the property into a "state-of-the-art financial center." Albert B. Ashforth has been named the leasing agent for 40 Highland Ave.
The building will cater to the office space requirements of trading companies and investment management firms needing 5,000 sf to 40,000 sf for lease terms of five or 10 years. Renovations to the financial center will include: state-of-the-art communications systems, an athletic facility, dining facility and a 15-acre waterfront site. The refurbishments will be completed in December 2003 and the building will be ready for occupancy in early 2004.
The centerpiece of the Rock Ledge property, a mansion built in 1916, is listed on the National Register of Historic Places.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
