$100m deal secures Connecticut waterfront property.Antares, a Greenwich, CT-based real estate firm, recently announced the purchase of the Clearview properties, an elite collection of assets on the Connecticut waterfront. With the acquisition of Clearview, Antares, led by the dynamic development team of Joseph Beninati and James Cabrera, foresees substantial development possibilities on the Greenwich and Stamford waterfront over the next 10 years. "This acquisition is simply another critical element of Antares' strategy to become the dominant real estate firm in Greenwich and the surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. areas of Westchester and Fairfield counties Fairfield County is the name of three counties in the United States:
"The Clearview assets position Antares during the next ten years for prime waterfront development in the Greenwich and Stamford area, and our portfolio is now substantial enough to gain access to the finest deal flow in our preferred geography because we are recognized as creative buyers with the means to close the largest and most complex deals." With the Clearview acquisition, Antares gains a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in two substantial properties, and a large stake in a third. * The first asset is a 97,000 foot waterfront office building and 57-slip marina Marina “a piece of virtue.” [Br. Lit.: Pericles] See : Virtuousness in Stamford, CT, which is primarily leased for the next seven years to NAC See network access control. Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Company. * The second is the elite Delamar Hotel, a full service 63,000 square foot boutique hotel Boutique hotel is a term originating in North America to describe intimate, usually luxurious or quirky hotel environments. Boutique hotels differentiate themselves from larger chain/branded hotels and motels by providing personalized level accommodation and services / facilities. on the Greenwich waterfront, which, while only in operation for the last 14 months, has been described by Town & Country, as the area's finest hotel. * Antares also gains a substantial interest in Stonington Commons, a high-end waterfront residential development totaling 29 townhouses and 7 waterfront homes. Antares co-founder and managing partner Jim Cabrera adds, "The Clearview assets have tactically rounded out the Antares portfolio to include an ownership and management position in the most exclusive hotel in Greenwich (the Delamar), the most valuable office building in Greenwich (Pickwick Plaza), the office building on the Stamford waterfront with the highest rated tenant credit (Seaview House), the most sought after dock space on the Fairfield waterfront, and finally the most successful and exclusive gated community gat·ed community n. A subdivision or neighborhood, often surrounded by a barrier, to which entry is restricted to residents and their guests. ever built in Westchester County (the CiderMill). "From this point, the operating goal at Antares is to continue to expand upon our dominant base of assets within our geography." |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion