NEW YORK—Greenwich Prime Trading Group LLC has renewed its lease at Malkin Properties’ First Stamford Place in Stamford, Conn. 10 months early. The trading partnership will continue to occupy its 5,100-sq.-ft. facility on the sixth floor of 100 First Stamford Place through 2018.
Jeffrey H. Newman, executive vice president of Malkin Properties, Senior Leasing Associate Kimberly Zaccagnino and Leasing Associate Tara Long represented the landlord in this transaction. The tenant was represented by Steve Baker and Torey Walsh of Cushman & Wakefield.
Founded in 1993 as a division of Furman Seitz Prime Trading Group, Greenwich Prime has been actively expanding since 2009, hiring several new traders and entering new markets.
First Stamford Place is a three-building, 810,000-sq.-ft. office campus. The property recently underwent restroom and common corridor upgrades, in-house concierge service, an onsite dining facility and a tenants-only fitness center, among other amenities.
The campus is located within Stamford’s Enterprise Zone, which provides tax benefits to qualified companies. Enterprise Zone tenants may qualify for an 80 percent abatement of real estate and personal property taxes on all leased space and owned/leased machinery and equipment for five years, for a minimum annual savings of $4.00 per sq. ft., as well as for a 25 percent credit against State of Connecticut corporate income taxes for 10 years.