REBusinessOnline

CLAIROL CAMPUS SOLD

STAMFORD, CONN. Ń Proctor & Gamble has disposed of a 32.68-acre industrial and office campus located in Stamford that formerly served as the headquarters for its Clairol subsidiary. The campus, which is located just off Route 1 near Interstate 95, contains approximately 700,000 square feet of office, research and development, manufacturing and distribution space. Clairol first moved into the campus in 1968, but Proctor & Gamble recently decided to relocate the division's manufacturing operations to Mexico and its staff to offices in Cincinnati; Danbury, Conn.; and Woodlands Hills, Calif.

Charles Hoffman III of Cushman & Wakefield represented Proctor & Gamble in the sale. The buyer is a joint venture between affiliates of Steven Wise Associates, Spinnaker Real Estate Partners and the Connecticut Film Center. The partnership plans to reposition the property for single- or multi-tenant occupancy. Leasing will be led by Cushman & Wakefield.

Ń Coleman Wood

Content Partners
‣ Bohler
‣ Lee & Associates
‣ NAI Global
‣ Walker & Dunlop

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