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News : Local Jan 19, 2010 - 11:06 AM


BLT signs three new tenants in Stamford

By Building and Land Technology


New Stamford Leases Reflect Increasing Tenant Demand




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STAMFORD, CT - Jan. 19, 2010 – Leading real estate development company Building and Land Technology (BLT) is off to a fast start in the new year with new tenants in three of its Stamford office buildings.

“The diversity of our portfolio in the Stamford market enabled us to accommodate the different needs of these three tenants,” said Lori Baker, Leasing Director for BLT.

“Each tenant came to us with very specific design and performance requirements unique to their industries, and in all three cases the broad range of our offerings, together with the responsiveness of our team, made it possible to provide highly individualized solutions on a quick turn-around basis,” she said.

The three new tenants are Guess? Inc., represented by Newmark Knight Frank; First American Title Insurance Company, represented by Cushman & Wakefield; and Ipsogen Inc., also represented by Cushman & Wakefield.

Guess? Inc. Drops Anchor at Stamford Landing

Guess? Inc., the fashion retail innovator, leased approximately 4,500 square feet on the second floor of One Stamford Landing and will move into their new home in early 2010. Shortly after the completion of common area upgrades and a successful broker event, Guess was introduced to Stamford Landing and was immediately drawn to the stunning water views, soaring vaulted ceilings and unique features the property had to offer. This, combined with a comprehensive amenities package, sold them on the property.

“The Stamford Landing space incorporated all the elements that Guess was searching for, in particular a stimulating and creative work environment,” said Hilarie Siles, Executive Managing Director of Newmark Knight Frank, who represented the tenant. “Further, BLT’s responsiveness and ability to accommodate the tenant’s short and long term needs, were critical aspects of the decision making process.”

Located on the West Branch of Stamford Harbor, Stamford Landing consists of four office buildings situated on 11 acres with over 1,200 feet of water frontage. This diverse property offers an array of unique office suites with loft spaces, vaulted ceilings, skylights and exceptional water views. The complex offers abundant parking, a variety of food service options, including two waterfront restaurants, shuttle service, and onsite security and management. Each building is equipped with its own full power generator, and redundant power services are also available. Located one-half mile from the Stamford Transportation Center and the new Urban Transitway, the complex is accessible from Interstate-95 via Exits 5, 6 & 7.

First American Title Company Will Relocate to 600 Summer Street

First American will be relocating in early 2010 from 1150 Summer Street to 600 Summer Street, where the company will occupy 3,712 square feet on the sixth floor of this seven story, boutique office building in downtown Stamford.

“As a leading provider of title and settlement services to the real estate industry, our focus was on securing convenient access to both Stamford’s Central Business District and major arteries such as I-95 and the Merritt Parkway. At the same time, we wanted a building that would reinforce the stature of the company’s one hundred year old heritage,” said Charles Hanna, Vice President, First American Title Insurance Company.

The former headquarters of GE Capital, 600 Summer Street is a conveniently located, downtown Class A office building which offers an efficient and attractive corporate environment at an affordable price point. The building recently underwent a comprehensive multi-million dollar renovation that included new windows, a new HVAC and building management system, and upgraded elevator lobbies and restrooms.

Ipsogen Inc. Opens New Facility at 700 Canal Street Blending Old World Charm with Modern Innovation

Ipsogen, a medical diagnostics company specializing in molecular diagnostic products and services for cancer testing, will take an additional 4,200 sf at 700 Canal Street. In July 2009 the French based company, headquartered in Marseilles, France relocated its US corporate offices to Stamford from New Haven choosing the Canal Street complex for its convenient location, amenities package and unique character.

Shortly after the relocation decision, Ipsogen was given the green light to expand its operations in the US and began an extensive search in the Stamford region for a site that could accommodate the new requirement. Ipsogen’s desire to keep both its products and services divisions under one roof became a reality when BLT was able to configure new space in the same building and acquire the necessary approvals for the new location.

“The key for Ipsogen was the ability to put together a package quickly in a space that could be tailored to meet their specific needs,” said Adam Klimek, Associate Director of Cushman & Wakefield.

“BLT rose to the occasion, working diligently and quickly to identify a space in the unique Canal Street property that was just steps from Ipsogen’s existing office. Within three weeks, BLT was able to gain necessary city approvals, negotiate the business terms and get a lease signed,” he said.

“After a long search of other properties we were thrilled that BLT was able to accommodate our new requirement at 700 Canal Street. The location’s unique historic character and extensive amenities, as well as its proximity to the railroad station and New York airports, were particularly appealing to us,” said Susan Hertzberg, Chief Executive Officer, Ipsogen Inc.,

700 Canal Street, one of four buildings that comprise Stamford Harbour Square, is situated in between Stamford Harbor and the newly revitalized Yale and Towne historic district. The building offers a variety of spaces featuring large windows, exposed brick walls and timber ceilings.

Ipsogen’s new offices will look out upon the Yale and Towne portion of the Harbor Point Development. The first phase of Yale and Towne (which will be completed in mid 2010) will bring loft style apartments, public open space, 15,000 sf of retail, and Fairway Market, the New York City specialty grocer, to lower Canal Street.

Stamford Landing and Stamford Harbour Square are located in the City of Stamford Enterprise Zone, which can offer businesses significant economic incentives.

About Building and Land Technology

A second generation real estate development company, Norwalk-based Building and Land Technology has completed ventures worth more than $3 billion, including over four million square feet of commercial development and four thousand plus residential. BLT is currently developing Harbor Point, a six million square foot mixed use project on Stamford Harbor. BLT’s trophy properties host the headquarters for General RE, GE Commercial Finance, Diageo, GE Real Estate, Xerox, GE Energy and Financial Services, IMS Health and Hewitt.




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