STAMFORD, CT-The developer of a new 23-story high rise office building in Downtown Stamford says that his firm is in lease negotiations with three major tenants for the 574,000-sf office property. While that may not be a surprise given how active this market has been, what is shocking to some in real estate circles is that there are no New York City firms among the prospective tenant base as yet.

Jeffrey Sussman, president of the Louis Dreyfus Property Group, says, “We hope to make some exciting announcements in the next 60 to 90 days,” in reference to tenant lease signings at the property located on Washington Boulevard, across from the Swiss Bank complex.

The Connecticut Place building is a joint venture of Louis Drefyus and Apollo Real Estate Investment Fund. Sussman tells that his firm is in negotiations with three tenants that are seeking to lease approximately 400,000 sf of space. However, while he would not reveal the identity of the interested companies, he says that two are from Connecticut and one is from Westchester County.

“This came as a surprise to me because there is so much pent up demand for space in New York City,” he relates. In addition, he notes that with asking rents skyrocketing in Manhattan, his firm feels the Stamford property will be an attractive alternative for companies in the Big Apple.

While he says this still may be the case, he also theorizes that the Jersey City marketplace has thus far attracted the lion’s share of large corporate space users studying relocation out of New York City.

Many area commercial real estate brokers, as well as Stamford Mayor Dannel Malloy, attended the event on Friday, Sept. 29. Louis Dreyfus has cleared land for the new office building venture but has not set an official ground-breaking date for the project, which will take 24 months to build. It is believed that dirt will be turned on the project once several lease deals have been secured.

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