Monday Properties, a leading national real estate firm, today announced the acquisition of a two-building office complex totaling 224,000 square feet at 900 Long Ridge Road in Stamford, Connecticut. This marks Monday Properties’ second acquisition in less than two months, and the first this year in the New York Tri-State Area.
The Class A property at 900 Long Ridge Road includes Building 1, a three-story, 59,700-square-foot building; Building 2, a four-story, 164,300-square-foot building; and a four-story, 307-space parking structure. The 36.58-acre campus includes amenities such as a walking trail, full fitness center with locker rooms, auditorium, training rooms, full-service cafeteria and large and small boardrooms.
“This year has demonstrated that Monday Properties sees possibilities and rewards where others see risk. Even during a time of economic uncertainty, we continue to create opportunities through strategic deals that position us for the future,” said Adam Carr, Senior Vice President of Acquisitions and Investment Management at Monday Properties.
JLL Capital Markets represented the seller; the team was led by Senior Managing Directors Jose Cruz and Kevin O’Hearn, Senior Directors Stephen Simonelli and Michael Oliver and Analyst Michael Kavanagh.
About Monday Properties:
Monday Properties is a vertically-integrated real estate investment firm that owns, operates, develops and invests in a dynamic portfolio of mixed-use properties. Monday Properties delivers unique commercial and residential investment offerings that transform communities and focus on connectivity. The company has a comprehensive strategy in place based on high-growth markets and opportunistic investments. Since 2002, the firm has completed over 70 property transactions representing $14 billion in capital value and 30 million square feet. For more information on Monday Properties, please visit mondayre.com.