Carmody law firm moves Stamford offices to city center building


STAMFORD – Carmody Torrance Sandak & Hennessey law firm is relocating local offices to downtown from 707 Summer St. to 1055 Washington Blvd.

Carmody signed a “long-term” lease for 19,241 square feet at 1055 Washington, which is a 183,000 square foot property that was sold late last year for $ 24 million. The 10-story office building sits adjacent to the Stamford Park condominium tower and across from Mill River Park.

The company has had offices at 707 Summer since 2004, with 45 employees based in Stamford. It employs a total of 150 people, with other offices in New Haven, Waterbury, Southbury and Litchfield. Customers include a variety of businesses, government agencies and individuals.

“Our firm has been a legal leader in Stamford since 1990, and this move to 1055 Washington Blvd. reinforces our long-term commitment to our clients, the city and the community,” Carmody Managing Partner Richard L said Monday. Street. “Our new office location demonstrates our growth in Stamford, and we are excited about this new chapter in the development of the business. “

Commercial real estate companies CBRE represented the 1055 Washington property and Newmark represented Carmody in lease negotiations. CBRE officials said the deal represents the first major lease at 1055 Washington since their company became the sole leasing agent for the property earlier this year.

“1055, boulevard Washington. has benefited greatly from a change in the ‘critical mass’ of Stamford, which has moved closer to the western part of town, ”Joe Weaver, senior partner at CBRE, said in a statement.

“This ideal location is between Mill River Park and the various bars and restaurants to the north of the property, creating an energetic environment that many employers and employees seek in a downtown location. Pair these qualities with a property group committed to renovating this institutional class asset to the standards of today’s discerning tenants, and you have the recipe for success, ”said Weaver.

About 90 percent of the building at 1055 Washington is rented. It ranks among the top office buildings in Stamford, with a tenant list that also includes Hearst Connecticut Media’s Stamford Advocate.

The building was sold last December by Manhattan-based SL Green Realty Corp. in Rye Brook, New York, commercial property manager RPW Group. The acquisition added Connecticut’s first property to RPW’s portfolio, which also includes several buildings in Westchester County, NY, as well as 275 Madison Ave. in Midtown Manhattan.

“As a leading owner and operator of Class A office buildings, the RPW Group has created exceptional work environments across its portfolio,” said CBRE Executive Vice President David Block , who led the 1055 Washington rental campaign with Weaver, in a statement. “This new lease transaction demonstrates his commitment to helping businesses leverage their offices to attract and retain top talent. “

Through a leasehold structure, tenants in 1055 Washington pay rents to RPW, just as they did to SL Green. RPW then makes the payments to the “owner of the fees,” who owns the underlying land at 1055 Washington.

“We are planning a number of major upgrades, including renovations to the café, common areas and elevators,” RPW executive vice president Andrew Weisz said in a statement. “The plans call for the activation of the lobby and the fourth-floor patio / outdoor plaza to make them more usable by tenants and provide additional space for activities, meetings and work-related events. “

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