ClearRock Taps CBRE to Lease New Acquisition

New York-based ClearRock Properties has hired CBRE Group’s Westchester/Connecticut office to lease 700 Canal Street, a 91,000-square-foot waterfront office building in Stamford, CT.

The CBRE team of Brian Carcaterra, senior vice president; Michael McCall, vice president; and Peter Hansen, senior associate, will oversee the marketing campaign.

The appointment comes on the heels of ClearRock’s acquisition of a 270,000-square-foot, four-building portfolio, which includes 700 Canal Street, as well as 850, 860 and 880 Canal Street.

The property is situated along the Long Island Sound in a historic neighborhood among retailers such as Juliska, Design Within Reach and the Loft Artists Association Gallery. It also lies amid one of the nation’s largest redevelopment projects, Harbor Point - a former industrial area that is being redeveloped into a pedestrian-friendly, mixed-use neighborhood incorporating over six million square feet of office, retail, residential and hotel space.

700 Canal Street is convenient to I-95 and within walking distance to the Stamford Transportation Center, which serves as the region’s Metro North Railroad and Amtrak hub. Corporate neighbors include world headquarters for Starwood Hotels,, and Pitney Bowes. Retail and dining destinations include Fairway Market, Harlan Social, Dinosaur BBQ, and Le Pain Quotidien.

CBRE will work with ClearRock, building architect MKDA, and property manager Albert B. Ashforth in the re-development of 700 Canal, which consists of pre-war and post-war construction and will include modernizing the building exterior; reinventing the main entrance and lobby; reconfiguring and optimizing floor plans; and designing new common corridors, bathrooms and elevator lobbies. 

CBRE will also oversee a prebuilt suites program that will provide turnkey loft-style offices for lease.

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