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September
2007 |
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2007 was a landmark year for Seaboard Properties. The firm’s 15 year strategy in the Stamford commercial property market culminated in the sale of a significant portion of the office portfolio to Connecticut-based firm, Antares Investment Partners. The sale included three office properties and a 70-slip marina, totaling 305,000 square feet, including Stamford Landing and 600 Summer Street.
"The Seaboard portfolio is a marquee collection of office properties in Stamford," said James Cabrera, co-founder and managing partner, Antares Investment Partners.
Seaboard is now repositioning its portfolio to include two downtown development projects at 11 Forest Street and 100 Prospect Street.
President of Seaboard Properties, Inc., John DiMenna says, “Seaboard continues it’s commitment to Stamford and Fairfield County. However, we have diversified our portfolio during the last five years by acquiring more residential properties, liquidating a portion of our office portfolio and acquiring several redevelopment projects in downtown Stamford. And we believe that Stamford is poised to emerge not only as an independent financial center but as the major urban center within the New York metropolitan corridor.”
11 Forest Street is a downtown mixed use development comprised of urban loft style residential units anchored by ground floor retail. 11 Forest Street is located in the heart of the vibrant Bedford Street Corridor. Beautiful traditional detailing including rusticated limestone will complement the considerable opportunities for landscaping and outdoor dining. The property has the distinction of visibility on Forest Street and from Broad Street.
100 Prospect Street/Century Plaza is a conversion of an office property to residential. The project will feature two luxury residential towers that will feature luxury one-bedroom apartments, furnished and unfurnished, with full amenities.
On the commercial side, the firm purchased One Atlantic Street, a landmark eight-story office/retail property situated at the “Main and Main” in downtown Stamford. With its classic interior, high visibility and prime central location (corner of Atlantic and Broad Streets), the Property enjoys a broad and diverse tenant appeal with a mix of retail banking and office tenants. The 81,491 SF Property lies on 0.51 acres and is adjacent to much of the city’s newest developments, including the new Marriott Courtyard and Target/Citibank retail center, and across the street from the city’s longtime office/public centers, including the Ferguson Library, Landmark Square and Stamford Town Center. Seaboard will relocate its corporate headquarters to the Property in 2008.
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January
2006 |
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Seaboard Properties Inc., owner of the Stamford Landing office complex, paid GE Real Estate $14.5 million late last month for a 96,300-square-foot office building at 600 Summer St.
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December 2005 |
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Seaboard Properties is proud to announce the purchase of 220 Elm Street in New Canaan, CT.
Located adjacent to the New Canaan Metro-North train station in the heart of the town's most active commercial corridor, the Class A 220 Elm Street measures 18,370 SF and is the newest building in New Canaan. Three tenants currently occupy the building.
"220 Elm Street is a strong investment opportunity due to its strategic location, demand for space in New Canaan and the restriction on sites for new construction in the town," said Al Mirin of CB Richard Ellis. "The train is steps from the front door, and downtown New Canaan's dining, shopping, healthclubs and other amenities are within walking distance. Interest was high on the building, and Seaboard Properties should have great success." Approximately 2,700 SF is currently available at 220 Elm Street, with another 9.200 SF coming available in the first quarter of next year.
220 Elm Street is the latest addition to Seaboard Properties' roster of quality commercial and residential properties in strategic Connecticut locations.
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June
2005 |
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Seaboard
Properties, Inc. announces the purchase of
Holly
Pond Plaza at 1281 East Main Street in Stamford, Connecticut.
Holly
Pond Plaza is a 66,000± SF office building
located along scenic Holly Pond near the Darien town
line. The waterfront property is comprised of seven
total stories, with three stories dedicated to parking.
The four floors of office space are currently 100%
leased to a diverse roster of tenants, highlighted
by DKR Capital (23,247 SF), Craig M. Ferguson & Co.
(8,406 SF), and JDA Software Group (6,030 SF).
The building offers immediate access to Exit 9
of Interstate 95 by via the Boston Post Road (US-1)
and Route 137/104 enables direct connection to
the Merritt Parkway (CT-15) via Exit 34.
The
property is a perfect complement to Seaboard's current
multi tenant office properties portfolio. Seaboard
will provide its usual upgrades and amenities package,
including shuttle service and 24/7 backup power to
the property. Jeff Dunne
of brokerage firm CB Richard Ellis had the following
comments on the sale: “Holly Pond Plaza is a stable, waterfront
property that is poised to enjoy continued success
based on its diverse tenancy and strategic commuting
location directly off of Interstate 95 near the Darien
town line.”
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