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Insurance co. takes 17,000 s/f in S'ford.

National Indemnity Company, a leading property/casualty insurance firm, has renewed its lease commitment for 17,000 s/f at First Stamford Place for the next 10 years, announced Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and management agent for the three-building, 810,000 s/f First Stamford Place office complex.

"We couldn't be more excited to have National Indemnity continue its occupancy at 100 First Stamford Place," said Newman.

"The level of commitment National Indemnity has to its founding principles mirrors the commitment Malkin Properties shows toward its tenants. We will continue to provide the stellar amenities and hands-on building management that tenants have undoubtedly come to expect."

Newman represented the landlord in this transaction. The tenant was represented by Rob Martin of Jones Lang LaSalle and Amanda Bokman and Steve Greenbush of, CB Richard Ellis.

First Stamford Place is a three-building, 810,000 s/f trophy multi-tenanted office. complex, located at 1-95's exit 7 adjacent to the Stamford Transportation Center, which has completed a $95 million enhancement program.

The property is also located within Stamford's Enterprise Zone, a distinction that al-, lows tenants to qualify for an 80% abatement of real estate and personal property taxes on all leased space and owned/leased machinery and equipment for five years.
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Comment:Insurance co. takes 17,000 s/f in S'ford.
Publication:Real Estate Weekly
Date:Sep 22, 2010
Words:215
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