Jeffrey H. Newman, executive vice president of W&M along with JoAnn B. McGrath, vice president of leasing and marketing and senior leasing associate Kathleen A. Caracappa represented the building owner in the deal. Barbara Segalini-Stilley of CB Richard Ellis represented the tenant.
Greenwich Prime Trading Group, which specializes in outsource trading for hedge fund clients, signed a nine-year lease deal at the property. "First Stamford Place is very attractive for a firm such as ours," says Barry L. Savitz, senior managing partner for Greenwich Prime. "Considering its location and amenities, we are confident that hedge fund managers will find a high level of value in both our space as well as our services. We're going to be here for a long time."
W&M also reported it has signed a lease deal with Cornerstone Trading Company Inc., a hedge fund, for 3,615-sf of space on the fifth floor at its eight-story, 280,000-sf Metro Center complex in Stamford. Cornerstone will relocate its corporate headquarters from the Chrysler Building in Midtown Manhattan to Metro Center sometime in the second quarter of this year.
Newman, along with W&M colleagues McGrath and Caracappa once again represented the building owner in the deal, while GVA Williams Real Estate's Tim Rorick and Scott Bloom handled the lease transaction for Cornerstone.
Also, W&M Properties notes Euro Brokers Inc., a financial services firm, had renewed its 2,722-sf lease at First Stamford Place and Volume Services America Holdings Inc., had extended its 4,096-sf lease at 300 First Stamford Place for five years.
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