A two-building, 128,000-square-foot office complex in Stamford has been sold to Silverback Development for $12.4 million.
The property at 1111-1117 Summer St. is currently 50 percent occupied, according to this report by Westfair.
Spanning an entire city block, the 1.58-acre site recently underwent a $2 million renovation. The six-story structures were updated with new hallways, lobbies and public spaces.
Silverback now owns five buildings in downtown Stamford, including 777 Summer St., 733 Summer St. and 612 Bedford St. Silverback's team is working on about 2 million square feet in development deals nationwide, according to its website.
“We believe Stamford is one of the most promising resurgent real estate markets in the Tri-State area right now, as evidenced by the influx of Millennials, real estate, health care and tech companies flocking to the area,” Alan Glick, vice president of development at Silverback, told Westfair. “We are extremely excited to add these two properties to our rapidly expanding portfolio.”
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