ClearRock Properties, Contrarian Capital Management Sell 247,310 SF Office Complex in Connecticut

STAMFORD, CONN. — ClearRock Properties, in partnership with Contrarian Capital Management, has completed the disposition of a three-building, 247,310-square-foot waterfront office complex in the South End of Stamford. ClearRock formed a partnership with Mountain Development Corp. and Gottesman Real Estate Partners to reacquire the assets for an undisclosed price. The complex includes the 89,637-square-foot former industrial property at 700 Canal St.; the 67,673-square-foot office building at 850 Canal St.; and the 90,000-square-foot office building, which includes 1,000 linear feet of dock space, at 860 Canal St. Andrew Merin, David Bernhart, Gary Gabriel and Thomas O’Leary of Cushman & Wakefield represented the seller in the transaction.