WWE Plans to Sell Former Headquarters
WWE is making moves to sell its previous headquarters located at 1241 E. Main Street in Stamford, Connecticut. The wrestling entertainment company recently moved into a new headquarters building in downtown Stamford in 2023.
The real estate firm Newmark is handling the sale, with the price being “subject to offer.” The property boasts numerous features:
– A 90,675-square-foot office building that was once the world headquarters of WWE
– Situated on 1.19 acres of land
– Includes high-quality office space with 11-foot finished ceiling heights
– Features a rooftop patio with views of Long Island Sound, a fitness center, a cafeteria, and 300 parking spaces
The property is zoned CN, allowing for various uses such as residential multifamily, research and development, educational purposes, and health clubs.
Location Highlights
– Conveniently located near Interstate 95 and Route 1
– Close to two Metro-North railroad stations, providing easy access to New York City
– Surrounded by affluent communities, with high household incomes
– In close proximity to Downtown Stamford, which has seen significant growth in residential, retail, and office spaces
Market Analysis
– The immediate East Main Street micromarket lacks high-quality office spaces
– The Stamford apartment market boasts an average rental rate of $2,891 per month with a 5.8% vacancy rate
– The area is undergoing office-to-residential conversions to meet the growing demand for housing
The sale of WWE’s former headquarters presents a unique opportunity for investors and developers to capitalize on the property’s potential for re-leasing or redevelopment in a thriving real estate market.
