"This expansion is another example of a business being attracted to Stamford because it offers easy access to Manhattan," Mowers and DeLucia noted. "Any business expanding in South Stamford has been facing a tight market in which there is only an 8% availability in Class A properties reported in the third quarter (2000) as opposed to a 16.1% reported just last year in that period. Sublease opportunities, therefore, can provide immediate relief to growing businesses."
NYFIX will expand on the eighth floor of the building where it already is housed in 10,000 sf of space. The financial details of the transaction were not disclosed. Cushman & Wakefeild Inc. represented Metromedia International Telecommunications Inc., the sub-lesser in the transaction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
