P&G sells off Stamford, Conn. property

STAMFORD, Conn. Procter & Gamble is selling property here that includes a manufacturing plant and two-store office space and will transition employees and manufacturing activities by the end of March 2010.

“Clairol has enjoyed its tenure in Stamford. Now with the sale of this property we are committed to bringing a positive influence to the future of Stamford as a vital community,” stated Patrice Louvet, vice president and general manager of P&G Global Retail Hair Color.

Aside from the 32.68-acre manufacturing plant and 672,654-square-foot office building, the property also includes two single-family residences. The site allows for mixed-use development of residential, retail and a variety of other ancillary uses including medical, government, industrial and flex space.