CB Richard Ellis VP Budd Wiesenberg and EVP William Cuddyrepresented the building owner, Harbor Plaza Associates. The118,000-sf 262 Harbor Dr. building is part of the six-building,760,480-sf Harbor Plaza office complex on the Stamford waterfrontowned by Harbor Plaza Associates.

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Jon Sabrowski of GVA William in Stamford represented ShenkmanCapital in the transaction. No financial details of the deal werereleased. Shenkman Capital, which was formed in 1985, is anindependent investment advisory company dedicated to investments inleveraged companies. The company also has offices at 461 Fifth Ave.in Manhattan.

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CBRE's Wiesenberg says "the Shenkman transaction confirms HarborPlaza's position in the market as Stamford's premier waterfrontoffice complex." He notes that in 2007, more than 180,000 sf inlease deals were completed at Harbor Plaza, including VersusNetwork's 43,000-sf lease at 208 and 232 Harbor Dr., Ascent Media's19,000-sf expansion at 250 Harbor Dr. and CRT Capital's renewal andexpansion totaling more than 83,000 sf at 262 Harbor Dr. Othersmaller '07 deals include Ardsley Partners' 9,000-sf lease at 262Harbor Dr. and the Saltwater Grille's 10,000-sf lease at 182 HarborDr. "We have been able to create some real excitement andtransactions momentum with these recent leases at Harbor Plaza," headds.

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Wiesenberg says that in April 2008 two large blocks of subleasespace will become available on a direct basis with the buildingowner--90,000 sf at 181 Harbor Dr. and more than 150,000 sf at 208Harbor Dr.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.