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 in the last 15 months.
550 West Avenue: The current tenant at this location – Performance Imaging – will continue to operate. Performance Imaging occupies about 7,000 square feet of the single-story building.
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: Construction continues on a new 75,000-square-foot warehouse on the site and should be completed early in 2023. The second building on the property, a 19,000-square-foot high-bay warehouse, is being leased by ABCO HVACR Supply + Solutions. The company will use the building as a showroom and a contractor fulfillment center.
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.