Vineyard Vines HQ building sold for $33.5M in Stamford
STAMFORD — The waterfront property where the New England clothing brand Vineyard Vines is headquartered has been sold by Philadelphia real-estate investment firm Rubenstein Partners, in partnership with George Comfort & Sons, for $33.5 million.
Rubenstein Partners, in a press release, announced the sale of the property with George Comfort & Sons Tuesday morning. The Melohn Group and Drake Street Partners, two New York-based real estate firms operating in a joint venture, purchased the office building.
One of six buildings located by the waterfront in Shippan Landing, 181 Harbor Drive has been the 91,040-square-foot headquarter space for Vineyard Vines since 2015.
The clothing company — the sole tenant at 181 Harbor Drive — will remain at their Shippan Landing location, Rubenstein Partners said.
According to the release, Rubenstein Partners and George Comfort & Sons will maintain ownership of the remaining five buildings within the campus, where they are in progress on a $40 million “capital improvement campaign that will deliver new lobbies, building systems, outdoor collaborative space, and a waterfront amenity center.”
The multi-million-dollar sale by Rubenstein and its partner comes a month after making the city’s largest property purchase this year.
In June, Rubenstein acquired the Royal Bank of Scotland’s building at 600 Washington Blvd., a 450,000-square-foot complex, for $163 million.