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News : Real Estate Nov 14, 2011 - 7:41 AM


Global staffing provider leases space in Norwalk

By Malkin Properties





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NORWALK, CT - On Assignment, Inc., a leading global staffing provider, has signed a seven-year lease for 5,986 square feet of office space at Malkin Properties’ MerrittView, according to Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building.

The tenant will relocate this winter from 1175 Post Road East in Westport, Conn., to its new office on MerrittView’s sixth floor. Malkin Construction will build out the space for the tenant.

“On Assignment and its subsidiaries Assignment Ready and Oxford Global were looking to relocate within the suburban Connecticut market, along the Route 7 corridor,” says Jeff Gage, managing principal of CresaPartners, who brokered the deal on behalf of the tenant along with Rick Pearson. “The firm immediately recognized the location and quality of MerrittView, and that played a significant role in the selection of its new regional office. MerrittView offers a quality business location that the firm feels will enhance its presence in the suburban Connecticut market.”

On Assignment has been placing skilled, hard-to-find professionals in the growing life science, technology and healthcare sectors on a temporary, project or permanent basis since 1985. The company is headquartered in Calabasas, California, and has a network of approximately 80 branch offices throughout the United States, Canada, United Kingdom, Netherlands, Ireland, Belgium and China. The staffing consultants also place physicians in Australia and New Zealand.

“A building’s quality is reflected in the quality of its tenants,” says Mr. Newman. “On Assignment is a great example of the high-caliber of company drawn to Malkin Properties’ well-located trophy buildings by our top-tier management services, broad range of amenities, and strong financial ownership.”

Mr. Newman, senior leasing associate Kimberly Zaccagnino, and leasing associate Tara Long represented the landlord in this transaction.

Built in 1985, MerrittView is an eight-story, 255,000-square-foot Trophy office building located at the intersection of Route 7 and the Merritt Parkway, near the Norwalk/Wilton border, with immediate access to Route 7, Exit 40A and 40B of the Merritt Parkway, and the Metro-North Commuter Railroad.

MerrittView features on-going building-wide enhancements, including recently redecorated lobby and common area corridors, and a renovated main entrance plaza; spectacular river and woodland views; in-house concierge service; MerrittView Grille dining facility and catering service; recently re-finished, tenants-only fitness center with locker room facilities; tenants-only multimedia conference center; free on-site parking within structured garage; 24/7 security; broad range of telecommunications systems; ATM; and tenants-only shuttle van service for tenants to the South Norwalk Transportation Center and the Metro North Danbury Spur.

In 2010, MerrittView earned the nationally recognized Energy Star designation from the U.S. Environmental Protection Agency. 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 its peers.

Malkin Properties is the real estate management, marketing and acquisition arm of the Malkin family, which has commercial, retail and residential operations in seven states. The company’s portfolio of suburban Trophy office buildings totals 1.85 million square feet of prime space in Westchester County and in Fairfield County, Conn.

In addition to MerrittView, 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 Metro Center, a 285,000-square-foot property at the Stamford Transportation Center. 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 and recycling and indoor environmental quality initiatives. Together with MerrittView, 500 Mamaroneck, Metro Center and Ten Bank Street also recently 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.

CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: transaction management, project management, strategic planning, workforce and location planning, subleases and dispositions, portfolio/lease administration, capital markets, sustainability, industrial/supply chain, and facilities management. With more than 55 offices, CresaPartners is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world’s largest commercial real estate services firms, CresaPartners covers more than 255 locations in 40 countries. For more information, visit www.cresapartners.com.




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