Insurer opts to stay at 38,000 s/f Trumbull complex.

BPG Properties, Ltd. (BPG), a private equity real estate fund manager, announced that General Re has executed a 38,215 s/f, long-term lease renewal at 35 Nutmeg Drive, a 278,655 s/f office/flex building situated within Trumbull Corporate Park in Trumbull, Connecticut.

Tom O'Leary of Cushman & Wakefield represented General Re in the lease negotiations. The landlord, an affiliate of BPG, was represented by the exclusive leasing agent, Paul Kauffman of Cushman & Wakefield.

"General Re considered several space alternatives in Fairfield County, but ultimately decided that it was in their best interest to renew at 35 Nutmeg Drive," explained Tom O'Leary, senior director of Cushman & Wakefield who represented the tenant in the transaction. "The property offers a great working environment in a convenient and accessible location for its employees." Gen Re is one of the largest reinsurers worldwide. In addition to being a market leader in the US, Gen Re is represented in all major reinsurance markets through a global network in 67 locations, supported by over 2500 employees worldwide. The company has been a tenant at 35 Nutmeg Drive for the past ten years and occupies space in the building, where it houses its information technology functions.

"We are pleased to complete this transaction with General Re," commented Jennifer Bowlby, vice president of BPG. "We believe that General Re's decision to remain long-term at 35 Nutmeg Drive demonstrates the attractiveness of the building's location as well as our commitment to providing professional, responsive management to our tenants."

35 Nutmeg Drive is a three-story office/flex building situated on 19 acres within Trumbull Corporate Park, a 1.25 million square foot corporate park located at the intersection of Merritt Parkway and Route 8 in Trumbull. The building offers a combination of office and flex space, renovated common areas and an on-site fitness center and cafe. Presently, the building is over eighty-five percent leased and includes ITT Flygt, Nasdaq and the Gartner Group.