The firm, which is headquartered in Waltham, MA, intends to relocate to the 11-story property from offices it currently leases at 181 Harbor Dr. in Stamford. Its seven-year lease is for space on the sixth floor of the building that has recently been completely renovated. Earlier this year, it was reported New York City-based Rochdale Securities signed a lease for 13,860 sf on the seventh floor.
C&W senior director Steve Baker and associate director Adam Klimek represented the building owner 750 Stamford Partners LLC, an entity managed by Martin Sands, in the deal. Brett Sherman of Angel Commercial handled discussions for Parexel International in the transaction. The class A office building previously served as the North American headquarters for Diageo PLC until late 2005 when the firm relocated to 801 Main Ave. in Norwalk.
The redesign of 750 E. Main St. has included a fully remodeled lobby featuring nine 60-inch televisions and a 50-foot back-lit glass panel, a new café, upgraded elevator cabs and common areas, Wi-Fi connectivity, a new fitness center and totally renovated bathrooms. There is approximately 75,000 sf available for immediate occupancy at the building, C&W officials say.
"In addition to its location, 750 E. Main St. offered Parexel a totally renovated office property that features state-of-the-art infrastructure," Baker says. "The property owner has put tremendous effort into this redesign to meet the needs of innovative companies in today's marketplace." Baker adds there has been significant interest in the building from a number of tenants that are currently in the market for space, but he had no new deals to report.
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