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

May 02, 2019 02:58PM

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]