Pitney Bowes Closes Sale of Main Plant Site

Share this content:
Integrated mail and document management systems provider Pitney Bowes Inc. said yesterday that it closed the sale of its 22-acre main plant site for $33 million to a Greenwich, CT-based partnership between Antares Investment Partners and Lubert-Adler Real Estate Funds.


As previously announced, the company will record an after-tax gain of $18 million.


Pitney Bowes was founded on the 22-acre site in Stamford, CT, in 1920 where it housed various office, administrative, document services and manufacturing functions. The company finished relocating employees to other Connecticut locations in Stamford, Newtown, Shelton and Danbury at the end of 2004. The company also recently reconfirmed its intent to renovate and stay in its world headquarters near the site in a facility that it built and has occupied since 1985.


Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here