The complex was built by the Mercede family, which owned andmanaged the property for the past 28 years. The property alsofeatures restaurants, a marina and a heliport. The transactionincreases its extensive portfolio in the area. The Mercede familywas represented by Patrick Grasso and Chris McManus of KeystoneRealty Capital LLC.

Antares has been a very active player for commercial property inStamford, particularly for properties along its waterfront. InSeptember, Antares acquired Holly Pond Plaza on Stamford'swaterfront for $14.3 million and One Dock St. for $22.6 millionfrom Seaboard Properties. In July, Seaboard Properties Inc. sold amajority of its of office portfolio here, including the fivebuilding 206,217-sf Stamford Landing complex and 70-slip marina, toAntares Investment Partners for $86.8 million. In addition toStamford Landing, the deal also included the seven-story 98,251-sf600 Summer St. office building in Downtown Stamford. In June, ajoint venture of Antares, Goldman Sachs of New York City andLubert-Adler Real Estate Funds of Philadelphia purchased the393,670-sf Stamford Harbor Park complex for $135.8 million fromCornerstone Real Estate Advisers of Glastonbury. That transactionincluded the waterfront office complex at 333 Ludlow St., whichconsists of two eight-story towers connected with a two-storyatrium, as well as an adjacent 3.2-acre development parcel.

The expanded Antares waterfront portfolio is adjacent to itsproposed $3-billion Harbor Point project, which will includeresidential housing, retail and restaurant space along with anumber of public amenities on an 82-acre parcel. The project,recently received approval from the Stamford Zoning Board this pastsummer. The company says it expects to finalize plans and submit anapplication for final approvals for the development in December. Itexpects construction to commence sometime in 2008.