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Investment advisor to move to Westport Corp. Office Park.

Allianz Investment Corporation, investment advisor for the U.S. affiliates of Allianz A.G., a German insurance concern, has signed a long-term lease for 15,000 square feet of space in Westport Corporate Office Park on Greens Farms Road, Westport.

The announcement was made by John Goodkind, vice president, Leasing for the Mendik Company, owners and developers of the complex, who said that Allianz will move to the north building of the 120,000-square-foot, two-building complex by summer.

With this latest transaction which was initiated and handled by Goodkind, Westport Corporate Office Park is now fully leased. Gerald Lees and Paul Kaufman, Cushman & Wakefield of Connecticut, Stamford represented Allianz.

In another leasing development at the property, B.B.I. Marketing, a Cincinnati marketing firm has signed a new lease in the building for 9,000 square feet, a 6.5-year deal. Carson Crane, Inc. of Stamford, represented B.B.I.

Other tenants in the building include the group sales division of Metropolitan Life Insurance Company, M.T. Maritime Management Corporation, and New England Consulting Company.

MetLife recently moved its Managed Care Services Group to 60,000 square feet of space in the south building of the office complex, one of the largest leasing transactions in Fairfield County in 1991.

Westport Office Corporate Park, adjacent to I-95 on Green Farms Road was built in 1980 by the Mendik Company, a large New York based real estate management firm. The company manages and owns more than 12 million square feet of space in Manhattan, Westchester and Connecticut at a portfolio value of $2.5 billion.

Among Mendik's other properties in the area are: 1351 Washington Boulevard in Stamford; the former headquarters of Exxon Chemical Company in Darien; and the 250,000 square foot Saxon Woods Corporate Center in Harrison, New York.
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Title Annotation:Allianz Investment Corp.
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Feb 26, 1992
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