STAMFORD, CT—Webster Bank has signed a 25,000 square-foot lease deal at Building and Land Technology's 200 Elm St. office building in downtown Stamford. The transaction continues the intense leasing volume at the property that has produced more than 250,000 square feet in leases in the last 18 months.
The Waterbury, CT-based bank is expanding its Stamford presence with the lease deal. Webster has branch locations at 2 Stamford Plaza and 760 Washington Blvd. as well as a number of walk-up ATM locations, according to its website. The bank, which was represented by JLL's Ed Tonnessen, will be moving into its space at 200 Elm this summer.
The 200 Elm St. and adjoining 695 E. Main St. make up the former headquarters buildings of General Re. BLT acquired the complex in 2012 and undertook an extensive renovation program at the property. The complex totals nearly 557,000 square feet and according to its website has approximately 187,000 square feet available for lease.
“Webster is excited to see that our continued growth in the Stamford market has enabled us to secure additional space and to work with BLT on this premiere downtown location,” says Michael O'Connor, Waterbury regional president and director of corporate real estate for Webster Bank.
200 Elm St. now boasts a spectacular new four-story entrance atrium, modernized elevators, new roofs, new bathrooms, a new large conference facility and collaboration areas, and amenities including a full-service café, outdoor central courtyard, full service fitness center managed by Exhale Mind Body, manned security stations with surveillance, control gates and card key access.
Other major tenants at 200 Elm St. include Henkel Consumer Goods Inc., which has relocated and consolidated from other locations into approximately 155,000 square feet and RSM, a provider of audit, tax and consulting services, which has moved into 27,800 square feet of space the property after signing a lease in early 2017. Tudor Investment Management Co. and Computer Associates have each leased approximately 25,000 square feet and will move into their respective offices at the property in the spring.
“The leasing momentum at 200 Elm supports our belief that Stamford's revitalization continues to gather speed,” says Carl R. Kuehner, III, CEO of BLT. “It's exciting to see such great tenants choosing Stamford for new locations and relocations, and I'm optimistic that we'll see more companies do so in the future.”
Deloitte anchors 695 E. Main, the Clock Tower Building, occupying approximately 120,000 square feet, which makes up the majority of the building.
Earlier this month, BLT announced another major lease deal at its portfolio—a 173,000 square-foot lease deal with FactSet for its global headquarters at 45 Glover Ave. in Norwalk. The lease brings the 264,500 square-foot office building to 100% leased.
FactSet, a financial data and analytics provider, is scheduled to move from offices at the Merritt 7 Office Park in Norwalk to 45 Glover Ave., part of the three-building the Towers at Merritt River complex in the fourth quarter of 2019.
Tim Rorick and Torey Walsh of Newmark Knight Frank reportedly represented BLT, while FactSet was represented by Joseph Cabrera and Michael Gordon of Colliers International in the transaction.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
