November 2, 2016
Forstone Capital LLC acquired 750 East Main Street, a 103,367-square-foot office building at the northern edge of the Stamford, CT central business district. Forstone acquired the asset for $8.1 million from Aegean Capital LLC in an off-market transaction. Al Gutierrez, Enzennio Mallozzi and Cynthia Foster with Colliers International represented the seller and found the buyer.
“This transaction required a buyer who knows the market well, and understands that this is a quality asset at a value-driven price,” Gutierrez said. “We had to move quickly in order for the exit strategy to be beneficial for the seller, and were able to find the right buyer and complete the deal within a 40-day window.”
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