STAMFORD, CT – June 1, 2012 – (RealEstateRama) — TrexQuant Management, an investment firm which develops and implements computer-based equity trading strategies, will establish its headquarters at 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 campus.
The high-tech money management firm will occupy a 3,122-square-foot facility on the third floor of 300 First Stamford Place for a term of five years.
“As a new company, we were looking for an address that would help distinguish our brand, as well as provide top-tier amenities and the convenience of immediately accessible transportation options,” says Tyger Park, CEO of TrexQuant. “First Stamford Place, located right at the Stamford Transportation Center, and with easy access to and from I-95, provided a complete package.”
TrexQuant is an innovator in quantitative trading. Its statistically-based medium-frequency equity strategies result from optimizing hundreds of diverse signals derived from a variety of data sources in order to cultivate an informed, personalized business strategy. Those strategies incorporate an aggregate of trading data stemming from news, academic publications, statistical analysis and trading experience.
“TrexQuant immediately recognized that First Stamford Place is a superb venue for housing and growing a long-lasting business,” says Mr. Newman. “We appreciate that recognition, as we work hard to make tenants both new and old feel comfortable at all our properties.”
Mr. Newman, senior leasing associate Kimberly Zaccagnino and leasing associate Tara Long represented the landlord in this transaction. The tenant was represented by Brian Carcaterra and James Ritman of Newmark Grubb Knight Frank.
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.
