Local real estate company acquires Connecticut office tower

Local real estate company acquires Connecticut office tower
Denver Business Journal
September 25, 2025
By Justyna Tomtas,

The Stamford Towers were recently acquired by Real Capital Solutions through a joint venture
purchase.

A Louisville-based company is continuing to expand its portfolio through the acquisition of a
two-building office complex in Connecticut.

Real Capital Solutions, in a joint venture with New Jersey-based Lamar Companies, recently
purchased the Stamford Towers in Stamford, Connecticut.

The office complex at 680 and 750 Washington Blvd. totals 332,000 square feet, the sales
announcement said. The towers are 78% leased to financial services and investment firms
like Citigroup, Oaktree Capital Management and H/2 Credit Manager.

The sales price was undisclosed by the companies, but a news report from patch.com shows
the buildings, along with a vacant parcel of land, traded hands for $65.35 million.

The purchase of the property marks RCS's first acquisition in Connecticut. The property was
acquired at a significant discount to replacement cost, the release said.

"This acquisition reflects our conviction that today's office market presents a once-in-ageneration
buying opportunity," said Adam Abeln, chief acquisitions officer of RCS, in the
announcement. "Stamford Towers offers a Main-and-Main location, institutional quality and
the ability to create value by reintroducing it to the market with fresh capital, spec suites and
amenities that meet today's tenant demand."

The office towers in downtown Stamford were originally developed in 1989 and 1990. The
buildings were previously owned by CBRE Global Investors, which purchased the towers for $97
million in 2017, according to CT Insider.

"The combination of location, tenant quality and new ownership strategy positions Stamford
Towers as a premier office asset in Fairfield County," said Frank Maresca, executive vice
president of Lamar Companies, in the release. "We remain strong believers in the office sector
for the right assets and look forward to building on this momentum with RCS as we continue to
pursue top-tier office acquisitions across the tri-state area."

RCS has been targeting distressed assets as part of its nationwide office strategy. The company
has over $1 billion in offers among Denver, Dallas, Chicago, Washington, D.C., and other
secondary markets across the nation.

Earlier this year, RCS CEO Marcel Arsenault said his company plans to target distressed
properties and provide good management and improvements to win what he called "the
leasing wars."

Some of RCS's other out-of-state purchases include a two-building office portfolio near D.C. and
another D.C. property that was acquired at a discount back in December.
In the Denver-metro area, RCS acquired the Belleview Tower and two buildings in the Denver
Tech Center last year.