STAMFORD, CT—A venture of New Jersey-based investors Mountain Development Corp. and Gottesman Real Estate Partners and ClearRock Properties of New York City have acquired nearly a quarter million square feet of mostly industrial and office space on the South End waterfront here.

The deal, announced by brokerage firm Cushman & Wakefield, involves the purchase of 700, 850 and 860 Canal St. buildings. The seller was Contrarian Capital Management and ClearRock Properties, which has retained an unspecified interest in the three buildings that total 247,310 square feet.

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