X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STAMFORD, CT-Officials with Holliday Fenoglio Fowler’s Westport, CT office arranged new permanent mortgage financing for the Stamford Landing office park here.

The financing for Seaboard Properties, the owner of the four-building office park, was arranged by Holliday Fenoglio Fowler managing director Al Epstein. The financing was arranged through Morgan Stanley Mortgage Capital and included One, Two, Three and Five Stamford Landing and were securitized at low interest rates, Epstein says. HFF’s Christine Riniti was the senior real estate analyst on the transaction.

Seaboard Properties owns a number of properties in the Stamford area, including the Biltmore Apartments, One Dock St., 316 Courtland Ave. and 470 West Ave.

“Morgan Stanley was attracted to investing in Stamford Landing because of its appealing waterfront ambiance and its success as an office working environment for over 50 different companies. Even though the recession had a marked impact on the regional office market, this complex remains over 95% leased,” Epstein says.

The Stamford Landing property, which sits on eight acres along the harbor, includes a marina and two well-known boardwalk restaurants, Paradise Grill and the Crabshell. Adjoining the Stamford Landing complex are 88 luxury residential condominiums. Just south of the complex is a 480-unit multi-family complex completed by Avalon Bay Communities in 2002.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.