STAMFORD, Conn. -- The mortgage firm for the UBS office complex by the train station in Stamford brought Mission Capital Advisors on board to sell off the debt, according to the Wall Street Journal.
The property, which UBS moved out from, is likely to sell for lower than its $149.4 million mortgage, the Wall Street Journal reported.
The property will take "many, many years to lease" fully, David Block, a senior vice president at CBRE Group Inc. told the Wall Street Journal.
Executives in real estate expect the buyer would then be the owner of the 677 Washington Boulevard property, according to the Wall Street Journal.
Click here for the Wall Street Journal story.
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