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JV Picks Up 200,301SF REO Property in Stamford

JV Picks Up 200,301SF REO Property in Stamford

STAMFORD, CT—A joint venture comprised of Forstone Capital LLC and certain funds managed by Westport Capital Partners LLC has purchased 9 West Broad Street, a 200,301-sq.-ft. office property located in Stamford, Conn.

HFF marketed the REO property on behalf of the seller with Jose Cruz and Andrew Scandalios, both senior managing directors, Kevin O’Hearn and Jeffrey Julien, both managing directors, and Steve Simonelli, associate director, representing the seller.

Situated on nearly three acres, the property provides access to Interstate 95, Route 1, Merritt Parkway, the Stamford Metro North commuter rail station and Stamford Town Center. Standing nine stories tall, 9 West Broad was renovated in 1999 and anchored by American Institute for Foreign Studies. Amenities at the property include a cafeteria and parking garage.

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