CBRE Investment Management sells Connecticut portfolio amid
growing office momentum
Lamar Cos., Real Capital Solutions drop more than $65 million for two transit-oriented buildings
CoStar
September 25, 2025
By Katie Burke
The return-to-office wave rippling across the national office market has helped trigger a deal for
a pair of transit-oriented properties in Stamford, Connecticut, that are positioned to take
advantage of the influx of commuting workers.
CBRE Investment Management landed a deal with a joint venture between Lamar Cos. and Real
Capital Solutions for the Stamford Towers, a pair of buildings located a few blocks away from
both the Amtrak and Metro North train lines that shuttle passengers off to New York, Boston,
Philadelphia and other major East Coast cities.
The nearly $65.4 million deal for the properties at 680 and 750 Washington Blvd. closed earlier
this month, according to information filed with the Stamford Town Clerk’s Office.
While the price tag is a steep discount compared to the $97 million the CBRE affiliate paid in
mid-2017, the deal lands at a point when leasing momentum across the country is beginning to
pick up steam as employers ramp up their in-person mandates and workers more frequently
commute to physical office space.
The buyers, meanwhile, are betting their first Connecticut office purchase will be timed just
right.
The two buildings, which collectively span about 326,500 square feet, are about 85% leased to
big-name tenants such as Citigroup, AMG and Oaktree Capital Management, among other
financial and professional services firms.
The properties are in “the best-located submarket in Stamford with the highest tenant
demand,” CBRE Vice Chairman Jeff Dunne, who helped broker the deal, said in a statement. “As
a result, we expect Lamar and Real Capital to succeed in bringing occupancy close to 100%.”
Office availability across Stamford has been on a steady decline since the start of the year, as
companies have been signing on for more space than they have tried to dump. Similar to other
tenants across the country, those in the affluent city have targeted space in the highest-quality
options available, a pool that is quickly shrinking given the lack of new construction in the
regional pipeline.
The availability rate has fallen below 15%, according to CoStar data, marking the region’s lowest
level since 2008.
