Up for sale are the Procter & Gamble Co. buildings and property of One Blachley Road in Stamford, which is zoned for mixed-use development of residential, retail and a variety of other uses including medical, government, industrial and flex space.
Procter & Gamble plans to complete the transition of current employees and manufacturing activities by the end of March, 2010. Manufacturing workers were offered the ability to relocate to Mexico and administrative employees were given the opportunity to relocate to Ohio or California.
The property includes a 32.68 acre manufacturing plant and two-story office building containing 672,654 square feet. Additionally, there are two single-family residences situated on 0.21 and 0.22 acres on the approach to the site which were purchased by Procter & Gamble to preserve, control and maintain easy access to the site from the main road.
The property is represented by the commercial real estate services firm, Cushman & Wakefield.
