STAMFORD, CT – April 3, 2012 – (RealEstateRama) — Randstad US, a wholly owned subsidiary of Randstad Holding NV, an $18.8 billion global provider of HR services and the second largest staffing organization in the world, has leased office space at Malkin Properties’ 100 First Stamford Place, 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.
Randstad will take occupancy of a 1,615-square-foot space on the first floor of the building for a lease term of five years. Malkin Construction will build out the space for the tenant.
“We spent a good deal of time investigating the various commercial property opportunities in the area after deciding to open a suburban office,” says Eric Gonzales, branch manager for Randstad. “Malkin Properties strongly emerged as the most tenant-conscious management company. With its impressive array of amenities and convenience to transportation, First Stamford Place will be a perfect home for a new branch of our ever-growing company.”
Randstad boasts a roster of 4,800 employment experts, providing skill assessments, career counseling, training, health coverage and 401(k) options to eligible internal and external employees. The firm puts an average of 125,000 people to work in the U.S. every week, through a network of more than 1,000 branches and client-dedicated locations.
“First Stamford Place offers direct accessibility to adjacent interstate highways and mass transit systems, an asset to any company seeking Trophy office space,” says Mr. Newman. “International tenants like Randstad can appreciate not only our convenient locations, but the unsurpassed quality of all of our properties. We look forward to the beginning of a long and mutually beneficial relationship with this world-class tenant.”
Mr. Newman, senior leasing associate Kimberly Zaccagnino and leasing associate Tara Long represented the landlord in this transaction. The tenant represented itself.
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, 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.
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 surban Trophy office buildings totals 1.85 million square feet of prime space in Westchester County, NY and in Fairfield County, Conn
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
