Updated Feb 17, 2025
McCarter & English, LLP Leases 10,993 SF Office Space At 2 Stamford Plaza With Newmark's Representation
281 Tresser Boulevard
Building Size
10,993 SF
Asset Type
Office
Closing
Feb 13, 2025
About this deal
AI
The property asset involved in this transaction is a 10,993 square foot office space located at 281 Tresser Boulevard (2 Stamford Plaza) in Stamford, CT. The asset falls within a 259,000 square foot Class A office tower.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: RFR
- Tenant: McCarter & English, LLP
- Broker Representatives: Benjamin Goldstein & Harrison Russell - Newmark
Newmark arranged the lease for McCarter & English, LLP, which involves relocating the law firm from 201 Broad Street. The managing directors Benjamin Goldstein and Harrison Russell represented the tenant in this long-term lease agreement for the office space situated on the 11th floor.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93