One Dock Street

Stamford, CT

Project summary

Partner: Juster Properties

Stamford, CT

Total SF: 90,000


Juster Properties


  • Office
  • 90,000 SF


May 2011 – Current


  • Historic 1885 brick and beam mill building
  • 80% occupied with 30% rollover in the first two years at below market rents
  • 150 yards from Stamford Transportation Center
  • Located in the master-planned 80 acre Harbor Point development, which was just beginning construction at the time of acquisition
  • Priced well below replacement cost due to Stamford market concerns, upcoming roll and on-going environmental issues

Value Add / 

  • Planned and managed a full building repositioning including a new lobby, upgraded common corridors, new bathrooms and roof
  • Remediated legacy environmental issues and exited Transfer Act
  • Leased to 100% occupancy while raising rents by 25%
  • Since the initial roll the property has maintained a 90%+ occupancy
  • In 2013, ClearRock bought out an original partner and increased its ownership stake
  • Long term hold