No kayfabe! WWE inks deal for massive new headquarters in Stamford

Entertainment company signed a deal for 415K sf with George Comfort & Sons

Tri-State /
Mar.March 21, 2019 03:30 PM

WWE CEO Vince McMahon and 677 Washington Boulevard in Stamford, Connecticut (Credit: Getty Images and Hines)

UPDATED, March 22, 12:08 p.m.: It’s not fake: The WWE is getting a Colosseum-sized office complex to serve as its new global headquarters in Stamford, Connecticut.

The company inked a lease for 415,000 square feet at 677 Washington Boulevard. With the deal, the three-building complex is 72 percent leased, said George Comfort & Sons in a statement. The complex previously served as the North American headquarters for UBS.

JLL’s Drew Saunders, Robert Ageloff, Allison Melichar and Joe Messina represented WWE. Cushman & Wakefield’s Jay Hruska and Richard Jantz also advised WWE in the negotiations. Building ownership was represented in-house by CEO Peter Duncan and Dana Pike.

WWE said it expects to move to the new location in early 2021. It will allow the company to bring together its operations, including its production studios and corporate offices. The lease has an initial term of approximately 16.5 years, with five five-year renewal options afterward.

The company plans to sell the property it owns at 1241 East Main Street and leave its leased spaces at 1266 East Main Street. It will “evaluate options” for the production studios at 88 and 120 Hamilton Avenue.

George Comfort & Sons took over ownership of 677 Washington Boulevard with AVG Partners in early 2018. The new owners sought to re-lease the buildings — and recent deals include financial firm KPMG and architecture firm Perkins Eastman. The Class A complex spans about 12 acres. It includes a 13-story office tower, seven-story pavilion and three-story retail building.

Over the last year or so, Stamford has seen a string of development news that officials have hoped will help its struggling central business district. In January, a group owned by Stamford-based New England Investment Partners acquired a seven-story building in Stamford from Darien-based Forstone Capital for around $18.2 million. The approximately 93,000-square-foot office property at 600 Summer Street has tenants that include H&R Block, Stamford Bank & Trust and several law firms.


Related Articles

arrow_forward_ios
2544 Valentine Avenue in the Bronx (Photo via Black Bear Capital Partners)

Bronx rent-stabilized multifamily portfolio nabs $186M loan

Bronx rent-stabilized multifamily portfolio nabs $186M loan
CBRE CEO Robert Sulentic (iStock)

CBRE lowers SPAC IPO valuation target to $350M

CBRE lowers SPAC IPO valuation target to $350M
Union Crossing at 825 East 141st Street with LibreMax's Greg Lippmann (Union Crossing Bronx; LibreMax)

$78.6M sub-performing loan on Union Crossing up for sale

$78.6M sub-performing loan on Union Crossing up for sale
The mall was already beset by 18 years of starts and stops (Getty)

Can the American Dream mall survive the pandemic?

Can the American Dream mall survive the pandemic?
Spending outpaced foot traffic because shoppers purchased at the stores they did visit (Getty)

Retail foot traffic tanks on Black Friday

Retail foot traffic tanks on Black Friday
The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)

UK tax break expiration could hurt struggling retailers

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)

Turkish mall valued at $1B in deal with Qatar

Turkish mall valued at $1B in deal with Qatar
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...