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The bankruptcy proceedings could take over a year, according to lawyers for the Stamford-based OxyContin maker.
One of the site’s most notable tenants is WWE, which in March announced plans to leave Soundview Plaza as part of its moving its headquarters to 677 Washington Blvd.
The families of late Purdue Pharma owners Mortimer and Raymond Sackler said they have “deep compassion for the victims of the opioid crisis” and believe the settlement “is an historic step toward providing critical resources that address a tragic public health situation.”
“While many institutional investors have followed the crowds toward multifamily and industrial offerings, attractive opportunities to purchase stable, generational retail assets have been prevalent,” says the realtor's David Gavin.
The ultimate goal, says founder Jonathan Winkel, is “to get exposed to knowledge, ideas and skills, to make connections and introductions, and to meet peers outside of your normal routine.”
The office building on Old Kings Highway South is fully leased and home to medical and professional tenants,
The gross proceeds to SpringWorks from the offering are expected to be $162 million.
Legal officials in 27 other states, as well as attorneys for over 2,000 cities and counties, have tentatively agreed to a plan with the Stamford-based maker of OxyContin.
According to CBRE, the deal was the largest new lease signed in Fairfield County during the second quarter of 2019.
A Purdue spokeswoman maintains that the firm "believes a settlement that benefits the American public now is a far better path than years of wasteful litigation and appeals."
The Stamford-based OxyContin maker is facing 2,000-plus lawsuits over its marketing of opioids.
Rather than having to spend the time and considerable money doing an entire house – as is usually the case when working one-on-one with designers – homeowners can choose to do a room, or even an item, at a time.
Granata replaces Chairman and CEO Reyno (Rey) Giallongo Jr., who is retiring.
The program is structured so that businesses that make charitable contributions to a qualified program are eligible to receive a credit, valued at 60% to 100% of the amount contributed, on their state corporate income tax.
"Franklin Apartments is a game-changer for homelessness," said Inspirica CEO Denise Durham Williams.