A Greenwich-based real estate investment firm has acquired an eight-story office building in downtown Stamford for $64 million.
A Greenwich-based real estate investment firm has acquired an eight-story office building in downtown Stamford for $64 million, according to the city clerk’s office.
HBN One Station Place LLC, controlled by The Innovest Group Inc., in late December bought the 277,740-square-foot Metro Center office building at 1 Station Place. The Innovest Group is an affiliate of HB Nitkin Group, which owns 20 commercial properties in Connecticut and two in New York’s Westchester County.
Calls to HB Nitkin Group were not immediately returned.
As part of the deal, real estate services firm Newmark said it arranged a $51.8 million acquisition loan for HB Nitkin from Greenwich-based real estate finance firm Knighthead Funding.
The seller was ESRT Metro Center LLC, which is controlled by Empire State Realty OP LP, of New York. Empire State Realty is a subsidiary of Empire State Realty Trust, which owns 43 commercial properties in New York City, including the Empire State Building. It bought the 1 Station Place building in Stamford for $128.4 million in 2013, property records show.
The building, which was built in 1986 and sits on 2.82 acres, was appraised at $92.7 million and assessed at $69.4 million.
Tenants include Berkley Re America, a subsidiary of reinsurer W.R. Berkley Inc.
