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Two New Leases Signed at High Ridge Park
by Cushman & Wakefield
September 11, 2008 - Stamford, CT
M2 Media Group and Greenwich Alternative Investments relocate to six-building, Class-A office complex Property owner constructing pre-built units
Stamford, CT - Cushman & Wakefield today announced the addition of two new firms to the prestigious roster of tenants at High Ridge Park Corporate Center, a six-building, Class-A office complex in Stamford.
M2 Media Group, LLC leased 2,992 square feet in Building 5. The company, a leading magazine subscription agency specializing in online marketing channels, leased a pre-built unit on the second floor of the building. M2 Media Group provides circulation management services to the magazine publishing industry and affinity marketing programs to Internet-based businesses. This is the first office location for the company, which was recently formed by senior executives from Time, Inc.'s Synapse Group.
Greenwich Alternative Investments, LLC, the world's leading pioneer of hedge fund related investment products and services, leased 2,938 square feet on the second floor of Building 4. The company will relocate from Greenwich Office Park in Greenwich, Conn.
Cushman & Wakefield's Steve Baker, senior director, Stuart Romanoff, executive vice president, Chris O'Callaghan, senior director, and Adam Klimek, associate director, represented both tenants and serve as the leasing agent representing the property co-owners, George Comfort & Sons, a New York City-based, privately owned real estate investment and management firm, and RREEF Real Estate, the real estate division of RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank's Asset Management division.
"We're thrilled to have been able to meet the current space needs of these two growing companies, as well as to allow for future expansion space as their businesses continue to grow," said Mr. Baker. "High Ridge Park offers tenants the benefits of an accessible location, combined with all new property renovations and a great amenity package - all at highly competitive rents."
To accommodate the space needs of smaller tenants, the property owner is in the process of constructing an additional pre-built unit in Building 4, which will comprised between 3,000 to 3,500 square feet.
"The pre-built units we've constructed have been very popular with tenants who have a short window for their relocation," said Peter Duncan, president of George Comfort & Sons. "Companies that have requirements of less than 5,000 square feet often look for an easy transition into space that is in move-in condition. For tenants with more time, we offer easy and convenient turnkey construction services."
Cushman & Wakefield recently began marketing One High Ridge Park, a three-story building that will be redesigned as a state-of-the-art work environment with new floor-to-ceiling solar-control low-e insulated windows to provide an abundance of natural light. The new headquarters-level building will also feature a new façade, lobby, common areas, HVAC system and modernized mechanical systems.
The entire 96,107-square-foot building is available, with 32,603 square feet on the first floor; 32,627 square feet on the second floor; and 30,877 square feet on the third floor.
High Ridge Park Corporate Center has undergone major renovations, which include new building façades and finishes, redesigned bathrooms and lobbies, installation of energy-efficient building systems, new landscaping, exterior lighting, signage and amenities including a fitness center, a conference center, a dedicated shuttle to the train station, Wi-Fi technology, on-site day care, and a full-service cafeteria with seating and picnic areas throughout the outdoor campus.
Mr. Baker added, "The property owner has put tremendous effort into this redesign to meet the requirements of tenants in today's competitive market."
High Ridge Park was recently named a regional TOBY (The Outstanding Building of the Year) Award winner by the Building Owners and Managers Association (BOMA). High Ridge Park is one of only two Connecticut winners from the Middle Atlantic region. Ownership is exploring LEED certification for the property.
Comprised of 583,000 square feet and situated on a 40-acre park-like campus with a pond, High Ridge Park features professional on-site management, exceptional lease opportunities, superior infrastructure, sizeable floor plates and first-rate amenities, all in a world-class corporate location. High Ridge Park is located four miles north of downtown Stamford and the Stamford Transportation Center off High Ridge Road (Route 137) and Exit 35 on the Merritt Parkway (Route 15) and is only minutes from I-95.