Newly Renovated Office Building Within Shippan Landing Campus Serves as Headquarters for Prominent Lifestyle Apparel Brand
Rubenstein Partners, L.P., a vertically-integrated real estate investment advisor focused on value-add office property opportunities, in partnership with George Comfort & Sons, announced the $33,500,000 sale of 181 Harbor Drive, a waterfront property in Stamford, CT currently leased to Vineyard Vines as the brand’s world headquarters.
A joint venture between The Melohn Group and Drake Street Partners purchased the property.
181 Harbor Drive is a 91,040-square-foot newly renovated office building within the 17-acre, six-building, 780,445-square-foot Shippan Landing waterfront office campus. Affiliates of Rubenstein Partners and George Comfort and Sons will maintain ownership of the remaining five buildings within the campus, where they are in progress on a $40mm capital improvement campaign that will deliver new lobbies, building systems, outdoor collaborative space, and a waterfront amenity center.
The 181 Harbor Drive building benefits from the broader Shippan Landing campus’ amenities, including an on-site marina, a beer garden, outdoor athletic offerings including volleyball, basketball, and bocce courts and a waterfront walking path, a full-service fitness center and a 275-seat cafeteria with outdoor dining.
The Shippan Landing waterfront property is situated directly on the Stamford waterfront and Long Island Sound at Shippan Point. In addition to its amenity package, the campus features unobstructed views of Stamford Harbor and Long Island Sound.
Jeffrey Dunne, Steven Bardsley and Travis Langer of CBRE’s Institutional Properties Group represented the seller and procured the buyers in the transaction.