WWE, the renowned wrestling entertainment company, is looking to sell its former headquarters located at 1241 E. Main St. in Stamford, Connecticut. This decision comes after WWE recently relocated its corporate offices to a new location in downtown Stamford, signaling that the old building no longer aligns with the company’s long-term goals. The former headquarters, built in the early 1980s, boasts six stories and spans over 90,000 square feet. An appraisal from 2023 estimated its value at $18 million.
Current status and potential redevelopment
Despite the iconic WWE signage adorning the building’s exterior and the presence of the American flag, recent observations reveal that office activity has significantly diminished. The building’s parking garage frequently sits empty during weekdays, indicating a lack of occupancy. Considering the decreasing activity, there is speculation that the property might undergo redevelopment. Newmark, the commercial real estate firm listing the property, suggests potential uses for the site, including residential multifamily, research and development, educational facilities, and health clubs.
Transition to a new headquarters
WWE’s new headquarters, situated at 677-707 Washington Blvd., features a vast 400,000 square feet of space. The expansive property includes offices in a 13-story tower and production facilities in a seven-story pavilion adjacent to the tower. Upon completion of the move, the new headquarters will accommodate over 800 employees. Notably, the new building boasts a 30,000 square-foot production facility equipped with five studios, reflecting WWE’s commitment to innovative production capabilities.
Future prospects and inquiries
A spokesperson from Newmark, the real estate firm handling the former headquarters’ sale, confirmed receiving an inquiry from CT Insider regarding the property listing. However, no official comments have been provided by the brokerage or WWE at this time. As the former headquarters awaits a potential buyer, WWE continues to focus on leveraging its new, state-of-the-art facilities in downtown Stamford to enhance its operations and production capabilities.
