WWE sells iconic Stamford studio in a $7.5 million deal

WWE has sold its old production studio in Stamford, Connecticut, to a developer out of Darien for $7.5 million. Once an important location for WWE, the site will now serve as an enhancement to the buyer's adjacent properties, creating a much larger holding altogether. In that way, it is another step forward in the transition for WWE as it reorganizes its real estate portfolio. The old studio, which had been at the heart of WWE for decades and years had parted with the glorious legacy to be put on the market.

WWE has recently sold its iconic Stamford studio. A Darien-based development firm, V20 Group, has purchased WWE's former production studio on Hamilton Avenue in Stamford. The property, including two nearby parcels, sold for nearly $7.5 million, according to city records.
V20 Group plans to transform the site into a premium warehouse space for distribution or other purposes. The company owns several industrial, commercial, and residential properties in Fairfield County, including a newly established industrial park on West Avenue in Stamford.
WWE's former production facility on Hamilton Avenue spans 33,000 square feet and sits on a three-acre lot. Two nearby parcels at 128 and 102 Hamilton Avenue add an additional four acres, creating a sizable combined property. The new owner, The V20 Group, has confirmed there are no plans for residential development on the site. Based in Darien, the company is also behind the Heights Crossing project, a mixed-use apartment and retail complex set to open next year near the Noroton Heights Metro-North station.
The managing partner of V20 Group exclusively shared with CT Insider that the company had been eyeing the Hamilton Avenue property since WWE put it up for sale a few years ago.
The company has been an active player in Stamford’s real estate market. They have recently purchased the former Fairway Market on Canal Street. The group plans to attract a new grocery store to that location. "There's so much development that's happened from the perspective of apartment growth, and there's really not much infrastructure to support it in this part of the state," Joe Vaccaro, partner of V20 told CT Insider.
"It's really hard for that last-mile or critical warehouse infrastructure to be in place in southern Fairfield County, because everything is so darn expensive," Vaccaro added.

So far, V20 has no particular industry planned for the Hamilton Avenue property. "We're going to be very conscious of the fact that there's neighbors around there," Vaccaro told the outlet. "Everything we build, we try to have a nice design to it rather than just throw up a metal building. ... We like to spend a little extra money to make it look nice."
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WWE moved its headquarters nearly two years ago to a new location at 677-707 Washington Blvd. in Stamford. Last April, the company unveiled a state-of-the-art production center with five studios at the site.