Ivy sells Summer buildings for $24m.Ivy Summer Associates, L.P., an entity controlled by Ivy Equities, recently announced the sale of 1111 and 1177 Summer Street in Stamford Stamford, town, England Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , Conn. for $24.3 million or $196.64 per square foot. The buyer is a consortium of private investors. 1111 and 1177 Summer Street are two six-story, Class-A office buildings comprising a total of 123,500 square feet. The property is well located in the Stamford CBD (Component Based Development) Building applications with components (objects). See component software. CBD - component based development and is easily accessible from all major roadways, the Metro North train line, local retailers, and area hotels. The property also features a newly renovated main lobby and an 80% covered parking structure. "The sale of 1111 and 1177 Summer Street completes our value creation strategy for this asset," says David Archibald Archibald is a given name or surname. As a given name (often shortened to "Archie") it may refer to:
"Our leasing team did a tremendous job leasing space to high credit tenants, and this property is well-positioned to remain a leading Class-A office property in this market." Jeffrey Dunne Dunne is a surname, and may refer to
n. 1. Voice; speech; language. Ye have as merry a steven As any angel hath that is in heaven. - Chaucer. 2. An outcry; a loud call; a clamor. To set steven to make an appointment. Bardsley and Christopher Leonard of CB Richard Ellis' Tri-State Investment Team represented both Ivy Equities and the buyer in this transaction. At the time of the sale, the property was more than 91% leased. |
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