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C&W appointed to sell 22-acre Stamford site.


Commercial real estate services firm Cushman & Wakefield announced its appointment as exclusive agent to sell the 22-acre Pitney Bowes This article or section is written like an .
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 main plant site situated in Stamford's burgeoning South End peninsula, one of the most outstanding development parcels in the region.

Located at the intersection of Washington Boulevard The following roads are named Washington Boulevard:
  • Washington Boulevard (Arlington)
  • Washington Boulevard (Baltimore)
  • Washington Boulevard (Detroit)
  • Washington Boulevard (Los Angeles)
  • Washington Boulevard (Stamford)
 and Atlantic Street, the recently approved master plan revision allows for mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses.  of residential, retail and a variety of other ancillary uses including medical, government, industrial and flex space Flex space is a term used for lightly zoned buildings. It is mainly used when referring to industrial or office space. History
Flex space evolved from light industrial warehouses being converted to office space.
 at the site.

"Peninsula Bay," as the property has been renamed, is well positioned among Fairfield County's robust residential and retail markets and attractive demographics.

Cushman & Wakefield's Metropolitan Area Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 Group will handle the marketing of the property and the procurement of the purchaser.

The team of specialists includes James Fagan and Patrick Colwell of Cushman & Wakefield of Connecticut, as well as Andrew Merin and David Bernhaut of Cushman &Wakefield of New Jersey and Jamie Covello of Cushman & Wakefield of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.

"We expect this offering to attract multiple offers from regional and national investor/developers," said Mr. Colwell. "It is extremely rare to have a development parcel of this size, scope and unsurpassed location available in lower Fairfield County."

"Redevelopment of the main plant site into an exciting mixed-use development, including significant new housing, will be a welcome addition to Stamford's South End neighborhood" said Dannel E Malloy, Mayor of Stamford.

The property was originally acquired and occupied by Pitney Bowes in 1920, and formerly served as the firm's corporate headquarters prior to the company's 1985 relocation to One Elmcroft Road, located two blocks south of the site. As previously announced, Pitney Bowes intends to fully vacate To annul, set aside, or render void; to surrender possession or occupancy.

The term vacate has two common usages in the law. With respect to real property, to vacate the premises means to give up possession of the property and leave the area totally devoid of contents.
 the main plant by year end.

"Peninsula Bay offers investors/developers the opportunity to acquire a pivotal, large land parcel with an approved mixed use master plan category that will redefine the South End peninsula," said James Fagan of Cushman & Wakefield.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Oct 27, 2004
Words:316
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