Leading Beauty Brand Leases Space At Malkin Properties’ 500 Mamaroneck Ave.
HARRISON, N.Y. – October 7, 2011 – (RealEstateRama) — Lornamead, Inc., a leading global marketer of personal care brands, will relocate from High Ridge Park in Stamford, Conn. to Malkin Properties’ 500 Mamaroneck Avenue in Harrison, N.Y., according to Jeffrey H. Newman, executive vice president of Malkin Properties, the building’s marketing and managing agent.
The tenant will take occupancy of a 3,883-square-foot office space on the building’s first floor for a lease term extending through 2017. Malkin Construction will build out the space.
“Malkin Properties has cultivated a sterling reputation in the suburban markets for its hands-on tenant management and top-tier amenities package,” says Randy Sloan, president of Lornamead. “We’re excited to join the roster at one of its prestigious trophy properties.”
Through acquisitions, Lornamead has assembled an impressive portfolio of heritage personal care brands. Since its inception in 1978, the company has branched out internationally — with additional offices in the UK, Germany, India, and the United Arab Emirates — and will continue to develop within new and emerging markets. Its specialist teams across the world are dedicated to supporting and growing its brands so that they can continue to satisfy consumer needs for quality hair care products, cosmetics and skin care products, tooth-whitening products, fragrances and bath luxuries.
“With its convenience to transportation, on-site amenities and management services, 500 Mamaroneck is an ideal home for an ambitious international company like Lornamead,” says Mr. Newman. “We look forward to hosting its business and watching it prosper in the coming years.”
Mr. Newman, together with leasing associate Tara L. Long, represented the landlord in the transaction. The tenant was represented by Michael McCarthy of Colliers International.
500 Mamaroneck Avenue is a five-story, 285,000-square-foot, multi-tenanted office building located in Harrison, N.Y., only 1/4 mile south of the Hutchinson River Parkway and 1 ¼ mile north of I-95, and less than 30 minutes from New York City by car or train. The building, comprising dual “center core” pods, subdivides well for multiple users within each pod, with unit size availabilities from 1,100 square feet.
A recipient of The Office Building of the Year Award (TOBY) from the Building Owners and Managers Association (BOMA) of Westchester County, 500 Mamaroneck features on-going building wide enhancements, including recent upgrades within the fitness center; in-house concierge service; Café 500 dining facility and catering service; a tenants-only fitness center with locker room facilities; tenants-only multimedia conference facility; free on-site parking; 24/7 on-site security; a broad range of telecommunications systems; an ATM; “park-like” landscaping; and tenants-only shuttle service to the Mamaroneck train station.
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, N.Y., and in Fairfield County, Conn.
In addition to 500 Mamaroneck, Malkin Properties’ other Westchester County Trophy building is Ten Bank Street, a 225,000-square-foot, 12-story office building located one block from the White Plains Transportation Center, in the heart of the White Plains central business district. In neighboring Fairfield County, Conn., Malkin Trophy properties are: First Stamford Place, a three-building, 810,000-square-foot office complex located along I-95, adjacent to the Stamford Transportation Center; Metro Center, a 285,000-square-foot property at the Stamford Transportation Center; and MerrittView, a 255,000-square-foot office building located at the Merritt Parkway’s exit 40A in Norwalk.
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 and recycling and indoor environmental quality initiatives. Together with 500 Mamaroneck, 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.
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 portfolio of suburban Trophy office buildings totals 1.85M SF of space in Westchester County, NY and Fairfield County, CT
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
