New comreal deals around town
Published 6:59 pm, Tuesday, June 25, 2013
Elizabeth Arden expands local headquarters
Elizabeth Arden, the global cosmetics and skincare products company, will expand its headquarters at Malkin Properties' 200 First Stamford Place, part of the 810,000-square-foot, three-building First Stamford Place office complex. It is one of Elizabeth Arden's four headquarters. A tenant at 200 First Stamford Place since 1995, the company will take an additional 3,424 square feet of office space on July 1, bringing its total occupancy to just over 53,000 square feet. Jeffrey Newman, Malkin Properties executive vice president, Kimberly Zaccagnino, senior leasing associate, and Tara Long, leasing associate, represented the landlord, and the tenant was represented by Mike Gordon and Joe Cabrera of Cushman & Wakefield.
Vidal/Wettenstein represents Westport building
Real Estate Listings
Vidal/Wettenstein Commercial Real Estate based in Westport, has been retained by ownership of 830 Post Road East in Westport to represent them as exclusive leasing agent. The property is a 49,000-square-foot glass office building at Post Road East and the Sherwood Island connector which leads directly to Exit 18 of Interstate 95. They are offering a full floor of 12,000 square feet and 1,670 square foot space on a separate floor. David Fugitt, a broker at Vidal/Wettenstein, is representing the building.
NGKF Capital Markets lists Westchester County property
The Greenwich office of Newmark Grubb Knight Frank Capital Markets has been contracted for the sale of The Highlands in Rye, N.Y., at 131-151 Purchase St., a 108-unit apartment complex with ground-floor retail and office space. The 90,000-square-foot property, located on the main shopping thoroughfare that runs into downtown Rye and directly across the Rye train station, is 98 percent leased. The Highlands at Rye comprises 66 one-bedroom units, 32 two-bedroom units and nine three-bedroom units. Built in 1925, the complex also has four ground-floor retail spaces and one office unit. In addition, the offering includes an 8,900-square-foot, one-story building that abuts the property lot, which is leased to an auto body repair business that retains development rights.
CATIC plans relocation to MerrittView
Connecticut Attorneys Title Insurance, a title insurance underwriter, will relocate its southern Connecticut office to a 4,140-square-foot space on the fifth floor at Malkin Properties' MerrittView in Norwalk. It has signed a seven-year and three-month lease to locate at the 260,000-square-foot building. Malkin Construction will build out the space for the tenant.
Palmer retires from Pyramid
Dick Palmer, an industrial broker with Stamford-based Pyramid Real Estate Group is retiring Friday after 24 1/2 years with the firm. A fifth-generation Stamford native, he graduated cum laude from Boston College. He and his wife, who a few weeks ago retired from her teaching position with the Stamford schools, are moving to Ashburnham, Mass. He shared a retirement dinner with co-workers at Blackstone's steakhouse in Norwalk and received a Baume & Mercier gold watch.