facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Connecticut

/

Office

/

Lease

/

107 Elm St

Updated Oct 29, 2024

ICON International Signs Lease For 60,826 Sq Ft Of Office Space In Four Stamford Plaza
LEASEDOffice

ICON International Signs Lease For 60,826 Sq Ft Of Office Space In Four Stamford Plaza

107 Elm St

$48

$48/SF

Building Size

60,826 SF

Asset Type

Office

Closing

Apr 19, 2023

About this deal

AI

Finance firm ICON International has signed a lease for 60,826 sq ft of office space in Four Stamford Plaza, located at 107 Elm St in Stamford, CT. The lease was signed with RFR, the landlord of the property. ICON International will be relocating from Greenwich to Stamford Plaza. The new location will occupy the top two floors of the building, which is part of a one-million-sq-ft campus near the Stamford Transportation Center. Stamford Plaza, acquired by RFR in 2007 and renovated in 2019, offers modern amenities such as a fitness center, cafeteria, and concierge services.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Date: 04/19/2023
  • Market: Stamford, CT
  • Landlord: RFR - Margaret Carlson
  • Tenant: ICON International
  • Asking Rent: $48/ft.
  • Square Footage: 60,826

Margaret Carlson, representing RFR, facilitated the lease agreement with ICON International. The finance firm's decision to relocate to Stamford Plaza demonstrates their commitment to expanding their operations in the area.

Players

RFR
RFRLandlord

Stamford Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Deal FAQ

About $48 per square foot on a published $48 for 60,826 square feet (2023).

Browse Stamford office leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

330479.17%

Cash-on-Cash

-94451.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets