"Antares is proud to retain our historic commitment to Greenwich," says James P. Cabrera, principal of Antares. "At the same time, our additional office in Stamford reinforces our belief in the promising future of the city's South End."
Joseph Beninati, principal of Antares, adds, "Antares will now house a large portion of our operations in Stamford. At the same time, we will keep our vibrant investment group in Greenwich, where Antares is undertaking two major condominium conversions and where additional luxury residential development is now underway."
The company will retain a significant presence in a number of Greenwich properties, including the firm's financial investment division at 52 Mason St. Its Greenwich operations also include on-site management teams at the Greenwich Place and Greenwich Oaks luxury residential properties. Antares purchased the two properties this past February for $223 million.
Ted Lane, Antares' senior vice president of acquisitions and leasing, represented Antares in the transaction, which takes effect Oct. 1. Stephen Baker, senior director, and Brooke Feder, director, of Cushman & Wakefield, represented Nyfix, a New York City-based provider of electronic trading technology and execution services to brokerage firms and institutional investors.
"This is one of the largest office leases in Stamford this year, and the additional space will accommodate the firm's significant growth," Lane says. "The new Antares operations center is situated in a prestigious office building located on the Stamford waterfront, a district that itself will soon be transformed by the Antares redevelopment initiative."
Antares officials report that in connection with its South End revitalization plan, Cooper, Robertson & Partners of New York City and Sasaki Associates Inc. of Boston, were recently chosen as the South End project's master planners. Antares manages a multi-asset and multi-project real estate portfolio valued at approximately $4.5 billion and was founded by Beninati and Cabrera in 1996.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.