Home Press Releases Financial Services Firm Signs Early Renewal at Malkin Properties’ First Stamford Place

Financial Services Firm Signs Early Renewal at Malkin Properties’ First Stamford Place

STAMFORD, CT – February 17, 2012 – (RealEstateRama) — Financial services firm Tod’s Point Capital, LLC, has renewed its lease at Malkin Properties’ First Stamford Place a year in advance of expiration, announces Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and management agent for the three-building, 810,000-square-foot office complex.

The broker/dealer operation, which has been a tenant at 100 First Stamford Place since 2009, will continue to occupy its 4,114-square-foot space on the property’s third floor.

“First Stamford Place is a well-run, first-rate office complex with top-tier amenities and convenient access to the Stamford Trasportation Center,” says Richard Daley, president and COO of Tod’s Point Capital. “We’ve been very pleased with the hands-on management, and it was an easy decision to continue to partner with Malkin Properties.”

Mr. Newman, who represented the landlord in this transaction along with senior leasing associate Kimberly Zaccagnino and leasing associate Tara Long, says Tod’s Point Capital’s continued satisfaction “reflects Malkin Properties’ commitment to maintain the highest standards throughout our Trophy portfolio. We’re proud to have this firm on our roster of distinguished tenants.”
The tenant was represented in the deal by Stephen Baker of Cushman & Wakefield.

First Stamford Place is a three-building, 810,000-square-foot Trophy multi-tenanted office complex, located at I-95’s exit 7 adjacent to the Stamford Inter-Modal Transportation Center.

A recipient of The Office Building of the Year (TOBY) from the Building Owners and Managers Association (BOMA) of Southern Connecticut, First Stamford Place features on-going building-wide enhancements, including recent common corridor and restroom upgrades; in-house concierge service; First Stamford Place Café dining facility and catering service; tenants-only fitness center; tenants-only multimedia conference center; free on-site parking within secured, inter-connected structured garages, with 24/7 card access; Bright Horizons day-care center; an auto “spa” offering basic car wash to full-detail servicing; barber and newsstand/sundry shops; on-site management office; 24/7 on-site security; broad range of telecommunications systems; ATMs; and a tenants-only shuttle van service to and from the Stamford Transportation Center and shopping areas. The newly renovated Hilton Stamford Hotel, a 500-room luxury hotel with the largest banquet facilities in Fairfield County, is located directly adjacent to the property.

First Stamford Place also is located within Stamford’s Enterprise Zone, which provides significant tax benefits to qualified companies. Enterprise Zone tenants may qualify for an 80 percent abatement of real estate and personal property taxes on all leased space and owned/leased machinery and equipment for five years, for a minimum annual savings of $4.00 per square foot, as well as for a 25 percent credit against State of Connecticut corporate income taxes for 10 years.

Malkin Properties is the real estate management, marketing and acquisition arm of the Malkin family, which has commercial, retail and residential operations in 15 states. The company’s portfolio of suburban Trophy office buildings totals 1.85 million square feet of prime space in Westchester County, NY and in Fairfield County, Conn.

In addition to First Stamford Place, other Malkin Trophy properties in Fairfield County are: Metro Center, a 280,000-square-foot property, located within Stamford’s Enterprise Zone, at the Stamford Transportation Center; and MerrittView, a 255,000-square-foot office building located at the Merritt Parkway’s exit 40 in Norwalk. In neighboring Westchester County, Malkin Trophy properties are: Ten Bank Street, a 225,000-square-foot, 12-story office building located in White Plains, one block from the White Plains Transportation Center; and 500 Mamaroneck Avenue, a five-story, 285,000-square-foot multi-tenant office building located between the Hutchinson River Parkway and I-95 in Harrison.

Malkin Properties provides full turn-key deal-making and management services, including marketing, lease negotiations, design, construction, management and cleaning services, all performed in-house. The firm is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste recycling and indoor environmental quality initiatives. Recently, 500 Mamaroneck Avenue, Ten Bank Street, Metro Center and MerrittView earned the nationally recognized Energy Star designation from the U.S. Environmental Protection Agency (EPA); the balance of the Malkin Properties suburban Trophy portfolio is undergoing Energy Star review.
Broker commissions are paid in full upon lease signing.

FROM: Malkin Properties Metro Center, One Station Place
Stamford, CT 06902
Website: malkinproperties.com

Mike Odenthal, (212) 499-6571, Mike (at) lvmgroup (dot) com