Former WWE Production Studio In Stamford Sold To Local Developer

STAMFORD, CT — V20 Group, a Darien-based real estate developer and owner, has purchased the old WWE production studio at 120 Hamilton Ave. in Stamford.

According to CT Insider, the purchase price was nearly $7.5 million. The city of Stamford website shows an appraised value of 120 Hamilton Ave. at $7,599,960.

"We are excited to grow our industrial portfolio in Stamford, CT, as demand for industrial space continues to rise in the area," said V20 Group President and partner Joe Vaccaro in an announcement.

V20 Group says it plans to develop a new high-bay warehouse on the property and reintroduce it to the market. The site will continue to be used for industrial purposes, and leasing opportunities are being explored, according to V20 Group.

The property spans nearly seven acres, V20 Group says, and it's less than a mile from I-95.

CT Insider reported the former WWE production building at 120 Hamilton Ave. features 33,000 square feet on the ground floor. Adjacent properties at 128 and 102 Hamilton Ave. add four acres to the combined parcel of land.

V20 Group has made several purchases of properties on West Avenue in Stamford's downtown industrial area in recent years

"Our success with the West Avenue industrial park has been tremendous, and we are eager to seize this new opportunity in Stamford," Vaccaro added.

Last year, WWE moved into its new headquarters at 677-707 Washington Blvd.

The old headquarters, often referred to as "Titan Towers" at 1241 E. Main St., was listed for sale earlier this year.

In Darien, V20 Group is currently developing The Heights, which will feature retail and commercial space, along with a mix of one, two and three-bedroom apartments.

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