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One of Connecticut’s major cable companies is reportedly buying a downtown Stamford office building.

Charter Communications, which has its headquarters in the city, is buying 400 Atlantic St. for $100 million, according to The Stamford Advocate.

The company bought the mortgage on the property three years ago even as it was seeking to negotiate an office lease with the building’s owner, the paper reports. However, the company still plans to relocate elsewhere in the city.

Building owner 400 Atlantic Title LLC bought the 453,955-square-foot, 15-story property in December 2000 for $105 million, according to public records.

The Fairfield County office market has continued to see softness this year, despite rosy predictions by state officials and some commercial real estate industry leaders that companies would flee pricy Manhattan for reasonably-priced Connecticut because of the COVID-19 pandemic as thousands of well-heeled New Yorkers decamped for the state’s luxury neighborhoods.

Tenants appear instead to be taking a “wait-and-see” approach to their office space needs.

The county-wide availability rate rose for three consecutive quarters this year to 25.7 percent, according to CBRE, and the market has witnessed around 168,000 square feet of negative absorption.