We closed escrow in late April on another property in the Stamford Industrial Complex, this one at 600 West Avenue. It’s our third acquisition in the area since August 2021. We previously purchased properties at 419 West Avenue and 650 West Avenue.
600 West Avenue: There is a 60,000-square-foot industrial warehouse on the property that was built in 1999. The building has a significant mezzanine space and is currently occupied by RPM Raceway, which has a multi-year lease in place.
419 West Avenue: Demolition is underway on the largest of the two buildings at the site. When the old building has been removed, a new 75,000-square-foot warehouse will be built in its place. The other building, a 19,000-square-foot high-bay warehouse has been leased by ABCO HVACR Supply + Solutions and and will be using it to build a showroom and a contractor fulfillment center. Work on the site should be completed sometime in the late summer.
650 West Avenue: The building at this location is a 60,000-square-foot warehouse that was built in 1998. The current tenant is LaserShip, a last-mile delivery company for e-commerce that occupies 40,000 square feet of the warehouse. The remaining 20,000 square feet of the warehouse has been occupied by 5th Avenue Auctions.