STAMFORD, CT – December 13, 2011 – (RealEstateRama) — For the second straight year, Metro Center, Malkin Properties’ trophy office building in Stamford, Conn., has earned the nationally recognized Energy Star designation from the U.S. Environmental Protection Agency (EPA) and the Department of Energy, announces Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building.
The designation signifies that the property meets strict energy performance standards set by the EPA and uses less energy, is less expensive to operate, and causes fewer greenhouse gas emissions than buildings that lack the rating.
“It’s an honor to have Metro Center recognized with this distinction for the second year in a row,” says Mr. Newman.
“Malkin Properties has long been committed to energy efficiency and sustainability, as evidenced by our innovative property operations and development initiatives, including those promoting reduced water usage, high indoor environmental quality, recycling of tenant waste and construction debris, use of ‘green’ pest control and cleaning solutions, and use of recycled-content carpeting and low/no off-gassing wall coverings and adhesives in building common areas and pre-built suites.
“The positive effect that an increased focus on sustainability can have on tenants’ quality of life is a tremendous upside to our efforts,” continues Mr. Newman. “Healthier workers are more productive and more likely to stay with their employers for longer terms, taking fewer sick days along the way. We’re proud that our initiatives help increase employee satisfaction and benefit tenants’ businesses.”
The flagship of Malkin Properties’ suburban portfolio, Metro Center is an eight-story, 285,000-square-foot, trophy multi-tenanted building located at the Stamford Inter-Modal Transportation Center.
A recipient of The Office Building of the Year Award (TOBY) from the Building Owners and Managers Association (BOMA) of Southern Connecticut, Metro Center features on-going building wide enhancements, including upgrades within the fitness center, dining facility and conference center; in-house concierge service; the Metro Grille dining facility and catering service; tenants-only fitness center with locker rooms; a tenants-only multimedia conference center; free on-site parking within a secured, structured garage, with 24/7 card access; sundry shop; on-site management office; 24/7 on-site security; broad range of telecommunications systems; an ATM; and a tenants-only shuttle to and from the Stamford Town Center and downtown shopping areas.
Metro Center 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 nearly $5.00 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 office buildings totals 1.85 million square feet of prime space in Westchester County, N.Y. and in Fairfield County, CT.
In addition to Metro Center, other Malkin trophy properties in Fairfield County are: First Stamford Place, a three-building, 810,000-square-foot office complex located along I-95, adjacent to the Stamford Transportation Center and within Stamford’s Enterprise Zone; and MerrittView, a 255,000-square-foot office building located at the Merritt Parkway’s exit 40. 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-tenanted 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 and recycling and indoor environmental quality initiatives. 500 Mamaroneck, MerrittView and Ten Bank Street have all also earned the Energy Star designation; 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
