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Home Fairfield

Coastal Construction Group snatches up Research Park buildings

Reece Alvarez by Reece Alvarez
April 25, 2016
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CBRE, Inc., the world”™s largest commercial real estate investment firm, has sealed another deal in Stamford with the recent sale of the Research Park portfolio, a group of six leased industrial buildings along Viaduct Road totaling 142,597 square feet of space.

The CBRE team of Kevin Langtry, John Isaacs, and Patrick Colwell represented the seller, Isis Realty, in the sale of 9, 56, 62, 66, 76, 86 Viaduct Road to Coastal Construction Group of Westport for $16.65 million and totaling 142,597 square feet of space.

“There is healthy demand for industrial within this market given a low supply, especially for a rare portfolio of leased properties such as the Research Park portfolio,” said Langtry. “The owners did a great job maintaining the properties and tenant relationships. Many of tenants have been there for years, which is a testament to that.”

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© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.