Norwalk-based developer Building and Land Technology on Tuesday took over management, leasing and construction services of the last set of Stamford office buildings that belonged to Antares Investment Partners.
Antares, a real estate firm founded in Greenwich, once controlled more than a million square feet of office space in the Stamford.
The eight buildings are Stamford Harbor Park at 333 Ludlow St., Clearwater House at 2187 Atlantic St., the four-building Stamford Harbour Square on Canal Street, One Dock Street and Holly Pond Plaza at 1281 East Main St. The largest is the 393,000-square-foot Stamford Harbor Park.
This month, BLT also took over management of office buildings at 600 Summer St. in downtown Stamford and Stamford Landing on Southfield Avenue from Antares. The four-building Stamford Landing complex also includes the Crab Shell and Paradise restaurants.
Antares, which has [had, actually – Ed] offices in Stamford and Greenwich, could not be reached Tuesday.
Last year, BLT took control of the 80-acre Harbor Point project in Stamford’s South End from Antares. The 6-million-square-foot project is slated to contain office buildings, a Fairway supermarket, hotel, condominiums, park, rental apartments, retail buildings and a private school.
BLT controls another former Antares project in the South End, the proposed 323,000-square-foot Gateway office complex across Washington Boulevard from the Stamford train station. That empty parcel on the Mill River contained the former Manger Electronics, another old factory building and multifamily houses.
Antares, which is run by James Cabrera and Joseph Beninati, hit snags in its quest to redevelop the old industrial areas of the South End, said Jim Fagan, senior managing director of the Connecticut and Westchester County, N.Y., operations of New York City-based Cushman & Wakefield Inc. commercial real estate.
“The Antares guys are good real estate professionals,” Fagan said. “They certainly grew very quickly and were, unfortunately, caught in the downturns in the economy and the office market. They are very smart people, and I am sure that their futures will be bright once again.”
Bright as a funeral pyre.