AP NEWS

WWE signs lease for new HQ in downtown Stamford

March 21, 2019

STAMFORD — WWE’s headquarters in Stamford is well-known to wrestling fans as well as any driver who can’t help but notice the large glass buildings emblazoned with the company’s logo as they drive past it at Exit 9 on Interstate 95.

But soon those buildings, known as Titan Towers, will no longer house the company. On Wednesday, WWE announced it was relocating in Stamford to space at 677 Washington Blvd.

WWE said it would be moving to the new location, which will be its headquarters, in early 2021. As part of this relocation, WWE said it expects to sell its distinctive corporate headquarters, located at 1241 E. Main St. in Stamford, as well as exit leased spaces it has at 1266 E. Main St. WWE said it will “evaluate options” for its production studio facilities which are located at 88 and 120 Hamilton Ave. in Stamford “based on strategic, operating and financial considerations.”

The new setup on Washington Boulevard will house WWE’s operations, including its production studios and corporate offices.

“One of the most important elements necessary to execute WWE’s long-term growth strategy is world-class talent collaborating seamlessly to create compelling content,” WWE co-president George Barrios said in a press release. “Our workplace initiative will be the foundation to meet these objectives and underpins our ability to deliver long-term value.”

The company said the new headquarters will provide WWE “with work space suited to its growing and evolving workforce.” It cited the location in Stamford’s central business district as having greater access from various means of transportation as well as floor plans for the headquarters that “are well-suited to producing video content and greater flexibility in workplace design.”

According to WWE, the lease will be for an initial term of 16 and a half years and will commence no earlier than July 1. The lease agreement is with George Comfort & Sons, Inc. and WWE will take up 415,000 square feet in the three-building complex.

“The agreement announced today represents a major step forward in restoring the property’s standing as the commercial center of downtown Stamford,” George Comfort & Sons said in a press release, adding that it had also recently signed leases for space at 677 Washington Blvd. for KPMG and Perkins Eastman.

Comfort’s president and CEO Peter S. Duncan added, “For the past 20 years, 677 Washington Boulevard has been regarded rightfully as downtown Stamford’s commercial centerpiece. It’s both logical and exciting to have WWE be located there. Local office market conditions are continuing to improve and our firm is pleased to play a major role in that progress.”

The announcement comes at a busy time for WWE as it prepares for its flagship event, WrestleMania, which will be held April 7 at MetLife Stadium in New Jersey. WWE is also preparing to move its popular Tuesday night program SmackDown to network TV on Fox in the fall.

WWE is a publicly traded company founded by Greenwich resident Vince McMahon. The company’s earliest days were in Greenwich with a headquarters on Holly Hill Lane.

kborsuk@greenwichtime.com