Property Types Office
Stamford Site on the Market, Allows for Mixed-Use Development
May 19, 2008

The Procter & Gamble Co. said today that the buildings and property of One Blachley Road in Stamford, Conn. are available for purchase. The property is represented by  Cushman & Wakefield and includes a 32.68 acre manufacturing plant and two-story office building containing 672,654 square feet. The site is located in close proximity to downtown Stamford, offers access to I-95 and allows for mixed-use development of residential, retail and a variety of other ancillary uses including medical, government, industrial and flex space. Procter & Gamble plans to complete the transition of manufacturing activities by the end of March, 2010.

 
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By Thomas Peretti, Contributing Correspondent -- H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on...

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