Stamford Loan Deal Estimated At $250 PSF
February 23, 2012
By: Jacqueline Hlavenka
The $40 million senior mezzanine tranche acquired by Edison, NJ-based Mack-Cali Realty Corp. and Boston-based Winthrop Realty Trust in Connecticut’s central business district sold for approximately $250 to $275 per square foot, investors looking at the deal tell GlobeSt.com...
... The local market, while strong, faces challenges. The Westchester-Southern Connecticut office market ended the fourth quarter with a class A availability rate of 25%, according to brokerage firm Studley...
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