FORMER NEWSPAPER BUILDINGS SOLD FOR $30M

STAMFORD AND GREENWICH, CONN. — Summit Development has acquired two buildings in Stamford and Greenwich from the Tribune Co. for $30 million. The first property is a 3-story, 90,000-square-foot building situated on 3.2 acres at 75 Tresser Blvd. in downtown Stamford. The second property is a 20,000-square-foot building situated on 0.37 acres at 20 E. Elm St. Greg Frisoli, Betcy Vincent, Michael DeSantis and Jim Fagan of Cushman & Wakefield represented the seller and procured the buyer in the transaction.