NYC developer nabs downtown Stamford complex for $12.5 million

Silverback Development of New York City has acquired a three-building, 92,000-square-foot office complex in downtown Stamford for $12.5 million.
The complex is at 777 Summer St., 733 Summer St., and 612 Bedford St.; tenants include Bankwell Financial Group, Wells Fargo, Edward D. Jones and The First Bank of Greenwich.
Silverback Founder and Managing Principal Josh Schuster noted that the deal is his company”™s first outside of New York City.
“As a growing number of people seek to live and work in transit-oriented locales, Stamford has become one of the hottest markets in the tristate area,” he said. “We”™re extremely excited to add these properties to our rapidly expanding portfolio.”