STAMFORD, CT – May 31, 2012 – (RealEstateRama) — Vesta Partners, LLC, an international business consultancy focused on enterprise asset management, has signed a lease to relocate its headquarters to Malkin Properties’ First Stamford Place in Stamford, Conn., 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.
Vesta Partners will take occupancy of 3,604 square feet on the fifth floor of 300 First Stamford Place for a term of seven years. The firm is moving from a Stamford building which is located much further from the Stamford Transportation Center. Malkin Construction will build out the new space for the tenant.
“With our prior lease coming up for renewal, we chose to investigate other options in the Stamford market and found high quality, top amenities and a great location at First Stamford Place, which is in such close proximity to the Transportation Center,” says Carl D. Graves, CFO at Vesta Partners. “We also appreciate Malkin Properties’ reputation for attentive tenant management. We look forward to a long and fruitful tenure at First Stamford Place.”
“This marks the second international company to lease a headquarters space at First Stamford Place in the past month,” says Mr. Newman, referencing Malkin Properties’ recent deal with maritime brokerage MJLF & Partners. “We’re happy that First Stamford Place is continually recognized as a viable hub from which companies conduct international business productively and efficiently.”
Vesta Partners, with offices in Europe, Canada and Australia, focuses on utilizing the most up-to-date and relevant technology in an effort to aid its clients in cultivating solid business practices, grounding its efforts on measurable and operational financial results.
Mr. Newman, senior leasing associate Kimberly Zaccagnino and leasing associate Tara Long represented the landlord in this transaction. The tenant was represented by Gerry Lees and Maureen O’Boyle of Cushman & Wakefield.
About First Stamford Place
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 with daytime and evening classes (Yoga, Pilates, Zumba, Body Sculpting); 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 offering special discount packages for First Stamford Place tenants; 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; Hertz on-site hourly rental cars for First Stamford Place tenants and their visitors; and a t enants-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, and offers special discounts for First Stamford Place tenants for dining, overnight room rates, and executive conference facility fees.
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.
About Malkin Properties
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
CONTACT: LVM Group Inc.
Mike Odenthal, (212) 499-6571, Mike (at) lvmgroup (dot) com
