News: Connecticut

ClearRock Properties, Gottesman Real Estate Partners and Mountain Development complete renovation

Stamford, CT When joint venture partners ClearRock Properties, Gottesman Real Estate Partners, and Mountain Development Corp. set out to redevelop 850 Canal St. in the city’s South End, they looked to the past for inspiration. In a multi-million-dollar redevelopment of the asset, the owners transformed the 2002 property into a modern, “loft-style” class A office building reminiscent of a more historic building. 

The completed redevelopment includes a new all-glass entrance, lobby, elevator cabs, common areas, parking lot, and two floors of available space including one full floor of almost 20,000 s/f and three prebuilt suites ranging from 2,000-5,000 s/f. 

CBRE’s Brian Carcaterra, Michael McCall and Kellene Callahan, who are marketing the space available for lease at the building, have secured the building’s first lease following the renovations. BRS USA signed an eight-year lease for 6,800 s/f.  

MORE FROM Connecticut

Highcap Group brokers $41.1 million sale of two building multifamily portfolio

Norwalk, CT Highcap Group has completed the sale of two luxury multifamily properties with a total of 120 units for a combined purchase price of $41.4 million.

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