N.J. real estate investment firm buys 310K sq. ft. Conn. office building

BDP Holdings, a Montclair-based real estate investment company, has acquired a Class A office building in Shelton, Connecticut, it announced Tuesday.

The company said the 310,000-square-foot facility at 27 and 35 Waterview Drive, in Fairfield County, is 100% leased to shipping technology company Pitney Bowes Inc.

“The location at Waterview Drive is 100% leased to Pitney Bowes and just a short commute from the company’s (Stamford) headquarters,” Dennis Lim, principal with BDP Holdings, said in a prepared statement. “Pitney Bowes is a well-established industry leader with a long track record of success whose revenues have only continued to grow over the last 24 months. We are thrilled to have acquired such a desirable property, located in such an affluent and scenic location as Fairfield County.”

The transaction represents BDP’s fifth investment in the New York City metropolitan area, it said.

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *