Albert B. Ashforth, Inc. – Management Services was selected by East Main Street Equity Partners, an entity controlled by New York City-based Aegean Capital to manage 750 East Main Street in Stamford, CT.
The 11-story, 103,367-square-foot office building is located east of the central business district and less than one mile from the Stamford train station.
This is the third office building the investment group has added to its city portfolio which now totals over 200,000 square feet. Ashforth also manages the two other buildings in Aegean's Stamford portfolio: 1290 Summer Street, a Class A, 40,367-square-foot building; and 470 West Avenue, a 56,573-square-foot building. Major tenants at the buildings include Charles Nolan, Core Brand and Meadows Office Furniture.
Renovated in 2008, 750 East Main Street offers great views of the city and Long Island Sound from the upper floors, which comprise the majority of vacancies in the building. Rochdale Securities and Parexel International are major tenants. The building's rental rate is $27 per square foot for the top two floors available and $25 to$26 for the lower levels.
Ana Castillo is Ashforth's property manager for all three assignments.
"During these challenging real estate times we are pleased to be awarded another building to manage and truly appreciate Ashforth being recognized by owners for our integrity, stability and quality of service, " said Brian Heelan, senior vice president & director of operations of Albert B. Ashforth, Inc. – Management Services.