May 16, 2012

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Gen Re’s ex-Stamford home for sale

07/06/11


Bankrupt Wall Street banker Lehman Brothers Holdings is shopping the former Stamford headquarters of General Reinsurance Co. through an August auction.

Lehman has hired realty broker Cushman & Wakefield to market the vacant 560,000-square-foot glass, marble and granite office complex at 695 E. Main St. in downtown Stamford.

The 27-year-old property includes 1,400 covered parking spaces.

Lehman, which filed Chapter 11 bankruptcy in September 2008 -- a victim of the global financial meltdown -- gained title to the property in February 2010, several months after Gen Re vacated its master lease to 300,000 square feet in the complex.

Gen Re is a unit of billionaire investor Warren Buffett's Berkeshire-Hathaway Corp.

 
 
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