STAMFORD, CT-Officials with Insignia/ESG report that it has brokered a lease with Elizabeth Arden Spas and Salons Holdings for 8,500 sf of space at 300 Main St. here.
The privately-held national operator of spas and salons with 110 locations will relocate its corporate headquarters from Phoenix to the top floor of the downtown Stamford building as part of the deal.
Insignia/ESG's Patricia Ardigo, Ken Zakin and Michael Monahan represented Elizabeth Arden Spas and Salons in the transaction. Steve Baker of Cushman & Wakefield acted on behalf of the building's owner, RPW Group Inc. of White Plains, NY.
The relocation is part of a move by Elizabeth Arden Spas and Salons to build up its presence in the Northeast. In addition to the Red Door Salon & Spa in Manhattan, the company also has existing retail locations in the Westchester Mall in White Plains and the Mystic Marriott in Mystic, CT. Over time, the company expects to open additional locations in Connecticut, each of which will measure at least 7,000 sf.
Elizabeth Arden Spas and Salons' CEO John Richards, comments on the lease deal by saying that it will greatly enhance the company's ability to do business in the Northeast US. “Its centralized location, appropriate office product, proximity to a highly-desirable demographic audience and address cache really appealed to us,” he says.
Elizabeth Arden Spas and Salons Holdings is backed by North Castle Partners, a Greenwich, CT-based private investment firm. Elizabeth Arden Spas and Salons Holdings is separately managed and distinct from the Elizabeth Arden cosmetics and fragrance company, a publicly-traded entity listed on the New York Stock Exchange, company officials note.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
