Broker believes cable giant’s HQ exit won’t hurt Stamford office building

New York /
May.May 02, 2019 02:58 PM

Stamford-based Charter Communications, the second-largest cable company in the country behind market leader Comcast, will leave its current home in the city for a new building in 2021, according to the Stamford Advocate. But the long-planned move that will see Charter vacate its headquarters at 400 Atlantic Street for a new home at Building and Land Technology’s 406 Washington Boulevard will not necessarily be disastrous for the former property, said one local broker. While 400 Atlantic will lose its largest tenant, the loss of Charter also presents opportunities for the building’s long-term leasing prospects, Newmark Knight Frank executive vice president James Ritman in Stamford told the Advocate. “It’s a great building with good amenities and well-located near the train station,” Ritman said. “It won’t be instantaneous, but in relatively short order, if the right things are done with that property, I think we’ll see big portions taken by companies in the area.” Charter currently has nearly 300,000 square feet of space at 400 Atlantic, according to the Advocate. [Stamford Advocate]


Related Articles

arrow_forward_ios
The office space at 99 Church Street  (Google Maps)
Berkeley College selling two downtown White Plains buildings
Berkeley College selling two downtown White Plains buildings
Placeholder image
Fairfield County malls seek to adapt in light of retail’s ‘Amazon effect’
Fairfield County malls seek to adapt in light of retail’s ‘Amazon effect’
Lana Zakocela and Justin Etzin in front of their former New Castle home (Credit: Getty, Zillow)
The Seychelles to auction off estate at a discount after diplomat’s divorce
The Seychelles to auction off estate at a discount after diplomat’s divorce
Placeholder image
Westchester lawmakers clash over decision to end Rye Playland contract
Westchester lawmakers clash over decision to end Rye Playland contract
Placeholder image
Mack-Cali mulls apartment complex near White Plains train station
Mack-Cali mulls apartment complex near White Plains train station
Placeholder image
NFL analyst, former quarterback sells Greenwich home for $2.7M
NFL analyst, former quarterback sells Greenwich home for $2.7M
Placeholder image
North Castle estate to be auctioned off after Seychelles diplomat’s divorce
North Castle estate to be auctioned off after Seychelles diplomat’s divorce
Placeholder image
Novartis campus owner sues business associates in White Plains
Novartis campus owner sues business associates in White Plains
arrow_forward_ios

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

Loading...