George Comfort & Sons, Inc. announced today that WWE (NYSE:WWE) has completed a 415,000-square-foot lease agreement at 677 Washington Boulevard in downtown Stamford, CT. The three-building complex is now 72 percent leased.
The agreement announced today represents a major step forward in restoring the property’s standing as the commercial center of downtown Stamford. Completed in 1998 to serve as the North American headquarters of an international bank, it was gradually vacated during the most recent decade. George Comfort & Sons joined AVG Partners in theproperty’s ownership in early 2018, taking on operating and leasing responsibilities, as well as developing and executing the plan to reposition and re-lease the buildings. Before WWE’s signing, leases were recently completed with KPMG and Perkins Eastman. Additional plans for completing the repositioning will be announced at a later date.
677 Washington Boulevard is a Class A complex located on over 12 acres. It includes the 13-story Office Tower, the seven-story Pavilion, and a three-story retail and ancillary building. It is strategically located close to I-95 and to the Stamford Transportation Center, which offers both MetroNorth Commuter and Amtrak rail service.
Peter S. Duncan, President and CEO of George Comfort & Sons, commented, “For the past 20 years, 677 Washington Boulevard has been regarded rightfully as downtown Stamford’s commercial centerpiece. It’s both logical and exciting to have WWE be located there. Local office market conditions are continuing to improve and our firm is pleased to play a major role in that progress.”
Representing the tenant in the transaction were Drew Saunders, Robert Ageloff, Allison Melichar and Joe Messina of Jones Lang LaSalle. Building ownership was represented in-house by Mr. Duncan and Dana Pike.
About George Comfort & Sons
Founded in 1919, George Comfort & Sons specializes in acquisitions, asset and property management and brokerage, and offers full service leasing, construction and finance capabilities. It owns and operates a commercial real estate portfolio of approximately 13.5million square feet nationwide. In addition to its New York headquarters, it has offices in Washington, DC, Purchase, NY and Stamford, Conn. For more information about George Comfort & Sons, Inc., please visit www.gcomfort.com
About AVG Partners
Based in Beverly Hills, AVG Partners was formed in 1997 to invest in commercial properties throughout the U.S. Today the firm’s portfolio includes over 200 properties in 22 states, totaling approximately 10 million square feet. The firm is led by three principals and features a professional team with over 150 years of combined experience, with backgrounds in real estate law, taxation, finance, real estate underwriting and capital markets.
About WWE
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE’s TV-PG, family-friendly programming can be seen in more than 800 million homes worldwide in 27 languages. WWE Network, the first-ever 24/7 over-the-top premium network that includes all live pay-per-views, scheduled programming and a massive video-on-demand library, is currently available in more than 180 countries. The Company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mexico City, Mumbai, Shanghai, Singapore, Dubai, Munich and Tokyo. Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/
