The auction of Point Stratford, formerly known as the Stratford Army Engine Plant (SAEP), closed on March 19, 2008 with a winning bid of $9,612,000.
The auction opened on January 14, 2008. The winning bidder is known at this time as "GrnAcre". More information regarding "GrnAcre" will follow soon.
Details of the auction can be viewed by visiting http://www.auctionrp.com
Point Stratford, an extraordinary brownfield redevelopment opportunity of 78 riverfront acres in the Town of Stratford and in desirable Fairfield County, consists of 1.72 million square feet, in three main buildings and nearly 50 out buildings. Point Stratford is located within two miles of three exits off I-95, adjacent to Sikorsky Memorial Airport and near the Stratford railroad station, Route 8 and the Merritt Parkway.
The General Services Administration (GSA), on behalf of the U.S. Army (the property owner), offered this property for sale, via on-line auction, on an "as is" basis, transferring all environmental remediation obligations to the buyer.