Procter & Gamble Co. has sold its Clairol plant in Stamford to a consortium of Steven Wise Associates L.L.C., Spinnaker Real Estate Partners and the Connecticut Film Center.
According to the Stamford Advocate, the new owners spent under $17 million for the property and intend to explore commercial development at the site, which includes 700,000 square feet of building space on 33 acres of land, embedded in a residential neighborhood just south of Interstate 95.
Spinnaker Real Estate has been a lead developer of multiple projects in Fairfield County, including the District 95/7 mixed-use project in Norwalk that ground to a crawl during the credit crisis. The project recently received $6 million in bonding from the state.
In 2005, Spinnaker paired with Steven Wise Associates to purchase 300 Stillwater Ave. in Stamford, which they sold last year to the Connecticut Film Center. CFC is now creating a film and digital media production facility at the site.
