Search
 

Elizabeth Arden Signs Deal to Stay in Stamford

STAMFORD, CT-Cosmetics giant Elizabeth Arden spurned some offers from other property owners, including several across the New York border in Westchester, and decided to keep its offices at First Stamford Place here.

By John Jordan | Updated on May 22, 2001

STAMFORD, CT-In a deal announced by W&M Properties, Elizabeth Arden turned its back on offers from property owners in the area and renewed its lease at First Stamford Place here. The lease renewal brings the 810,000 sf, three-building complex to approximately 97% occupancy. In January, W&M purchased it from TrizecHahn for $152 million.

The cosmetics firm extended the term of its lease of 62,162 sf seven years in advance of the lease expiration at 200 First Stamford Place. The deal now runs through 2011, according to Jeffrey H. Newman, executive vice president of W&M Properties, the marketing and management agent for the building.

In its first long-term lease renewal since becoming a tenant in 1995, Elizabeth Arden will remain in its offices that comprise the building’s entire third floor and a 10,000-sf portion of the second floor. W&M Construction Corp. will do the retrofit work for Elizabeth Arden.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.