Overview
We have added a final piece to our commercial real estate portfolio in the Stamford Industrial Complex.
We have acquired the property at 550 West Avenue, which includes a 54,000-square-foot flex building. It is the fourth property and the fifth building we have purchased in the city’s industrial area.
550 West Avenue: This property went through a heavy renovation project which was completed at the end of 2023. The property is officially fully leased to multiple tenants including Performance Imaging, BH Liquidators, Jornik Manufacturing, Vitaliy Construction, and Little Greene.
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, a go-cart and entertainment facility that has a multi-year lease in place.
421 West Avenue Building 1: Construction was completed at the end of 2023 and houses two tenants, Anderson Windows, which occupies a portion of the building, and STM Fieldhouse.
421 West Avenue Building 2: Our 19,000-square-foot high-bay warehouse is currently leased by ABCO HVACR Supply + Solutions. The company will use the building as a showroom and a contractor fulfillment center.
421 West Avenue Building 3: 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 are occupied by Greenwich Living Design.