Photo courtesy of the city of Stamford

A 7-story, 177,000-square-foot office building that once served as the headquarters of WWE in Stamford has sold for $15.5 million, according to information from The Warren Group, publisher of The Commercial Record.

Cushman & Wakefield brokered the sale of Soundview Plaza, a landmark property prominently located at Exit 9 off Interstate 95 in Stamford. An affiliate of Twenty Lake Holdings – itself a real estate-focused affiliate of hedge fund Alden Global Capital – purchased the class A asset from Barings, on behalf of institutional investors. Barings is one of the world’s largest diversified real estate investment managers.

Located at 1266 E. Main Street, Soundview Plaza is 88 percent leased to 15 tenants, Cushman & Wakefield said. The property features a 3-story atrium lobby and an array of onsite amenities including a full-service cafeteria, fitness center, conference center and an attached, covered parking structure. Upper floors also offer exceptional views of the Long Island Sound. The property was most recently appraised at $22.8 million and assessed at $16.01 million, according to city property records.

“The buyer identified an opportunity to acquire an institutionally owned asset that has been historically well-occupied,” Gary Gabriel, a member of Cushman & Wakefield’s New Jersey capital markets team, said in a statement.

Gabriel represented the seller and procured the buyer with David Bernhaut, Andy Merin, Brian Whitmer and Frank DiTommaso II, as well as Al Mirin, Matt Torrance and Kate Schwartz in the company’s Stamford office.

“1266 E. Main is certainly a well-known building within the local Stamford market, having served as home to WWE for many years,” DiTommaso noted. “It has great visibility and a very prominent presence immediately off I-95. New ownership will benefit from in-place cash flow while it implements a renovation and capital improvement program.”