v3.25.4
Acquisitions and Dispositions (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination and Dispositions [Abstract]  
Schedule of Properties Acquired
The following table summarizes the purchase price allocations of these acquisitions (amounts in thousands):
Intangibles
PropertyDate AcquiredLandBuilding and ImprovementsAssetsLiabilitiesTotal
130 Mercer Street(1)
12/17/2025$66,309 $247,994 $91,207 $(25,180)$380,330 
North 6th Street Collection(2)
6/30/202511,243 20,458 — — 31,701 
North 6th Street Collection(3)
September 2024-October 202444,924 146,826 10,984 (9,664)193,070 
North 6th Street Collection(4)
9/14/20234,851 20,936 1,573 (300)27,060 
(1) Includes approximately 396,000 square feet of space, comprised of 368,000 square feet of office space and 28,000 square feet of retail space. Includes capitalized transaction costs and closing credits amounting to $(5.7) million.
(2) Includes two retail properties with eleven residential units on North 6th Street in Williamsburg, Brooklyn. Includes capitalized transaction costs of $0.7 million.
(3) Includes nine retail properties with five residential units on North 6th Street in Williamsburg, Brooklyn. Includes capitalized transaction costs and closing credits amounting to $(1.9) million.
(4) Includes two retail properties near the Wythe Avenue and North 6th Street corner in Williamsburg, Brooklyn. Includes capitalized transaction costs of $0.7 million.
Schedule of Properties Disposed
The following table summarizes properties disposed of during the years ended December 31, 2025, 2024 and 2023 (amounts in thousands):
PropertyDate of DisposalSales PriceGain on Disposition
Metro Center, Stamford, Connecticut(1)
12/22/2025$64,000 $21,848 
First Stamford Place, Stamford, Connecticut(2)
5/22/2024165,807 26,472 
500 Mamaroneck Avenue, Harrison, New York(3)
4/5/202353,000 11,075 
69-97 and 103-107 Main Street, Westport, Connecticut2/1/202340,000 15,689 
(1) In connection with the sale of Metro Center, we repaid the related $71.6 million mortgage.
(2) We transferred First Stamford Place, which was encumbered by mortgage and other debt obligations of $165.8 million, back to the lender in a consensual foreclosure and recognized a non-cash gain upon the disposition.
(3) The gain is net of approximately $4.5 million of post-closing costs we accrued related to our commitment to reimburse the buyer for a lease that did not occur. We funded the buyer for these costs and we have no further obligations or contingencies related to this property.