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Deals & Dealmakers

Golf pioneer teed up for move to Stamford complex

As a multi-million dollar capital improvement campaign nears completion, leasing activity at the 90,000 s/f Stamford waterfront office building located at 700 Canal Street continues at a brisk pace.

Stamford waterfront
Stamford waterfront

Nine new tenants have moved into the property over the past year, committing to over 36,000 s/f of office space.

The CBRE team of Brian Carcaterra, senior vice president and Michael McCall, vice president oversee the marketing campaign of the asset on behalf of ownership ClearRock Properties, which acquired the property as part of the 270,000 s/f four-building portfolio, which also included 850, 860 and 880 Canal Street.

Most recently CBRE arranged two long-term transactions with prominent tenants taking space at the loft-style office property.

Arccos Golf, Inc., the creator of the first ever, real-time GPS stat tracking system for golfers inked a 4,495 s/f t lease for its corporate offices.

In addition, Peninsula Petroleum leased 1,689 s/f. Headquartered in London, England, Peninsula Petroleum is a leader in the marine and bunkering trade, and lubricant supplier at numerous international seaports.

The CBRE team has worked with ClearRock, building architect, MKDA, and property manager, Albert B. Ashforth, in the re-development of 700 Canal, which consists of pre-war and post-war construction. 23,000 s/f of office space remain available for immediate occupancy.

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