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Reinsurance Firm Consolidates in Westport

WESTPORT, CT-Privately held reinsurance firm Benfield Blanch Inc. has signed a lease for 38,260 sf of space at 100 Nyala Farms Corporate Center here in a consolidation of its offices here and in Dallas.

By John Jordan | Updated on May 28, 2002

WESTPORT, CT-Benfield Blanch Inc. is increasing its presence here with the lease of 38,260 sf of office space at 100 Nyala Farms Corporate Center.

The 10-year deal announced by Albert B. Ashforth Inc., of Stamford, which represented the owner of the Nyala Farms complex, is part of a consolidation program initiated by the Minneapolis-based reinsurance firm. Jeffrey H. Gage, senior vice president with Albert B. Ashforth, says that Benfield Blanch will be closing most of its Dallas operations and will be relocating its Westport operations from 10,000 sf of space at 329 Riverside Ave. by this September to the Nyala Farms property. Ed Tonnessen, executive vice president with Albert B. Ashforth Inc., also acted as exclusive agent for the building owner in the deal. The new Westport office will now serve as the company’s U.S. headquarters.

Paul Hennessy, managing principal and Paul Formichelli of Staubach Co., represented Benfield Blanch in the transaction. The company will be the major tenant at the 100 Nyala Farms building, which totals more than 47,000 sf. The five-building complex located nearby exit 18 of I-95 (New England Thruway) totals 372,207 sf.

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