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Stonewater Leases 9,697 Square Feet to Three New Tenants at Water Tower Hill in Burlington, VT
White Plains, NY — March 31, 2008
Stonewater Acquires $20 Million Class A Trophy Office
Portfolio
White Plains, NY - August 7, 2006
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Water Tower Hill Portfolio :: Burlington (Colchester), VT
The Water Tower Hill Portfolio is a collection of three Class A trophy multi-story office buildings perched on a hill overlooking Lake Champlain, downtown Burlington and Mount Mansfield. The assets were purchased at 74% occupancy
and leased to national, international and regional credit tenants, each with strong ties to the University of Vermont. The portfolio is the dominant asset in the market, and is representative of Stonewater's value-add college town investment strategy.
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Acquisition Date: |
August 2006 |
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Occupancy at Acquisition: |
74% |
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No. of Buildings: |
3 |
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Year Built: |
1995-2001 |
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Square Feet: |
135,538 |
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Major Tenants: |
RCC
Atlantic (Unicel), KPMG,
USDA, New England Financial (MetLife),
Linear Technology, Fletcher Allen Health Care
and National Life |
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Parking Ratio: |
4.2/1,000 |
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