News

Companies have advertised their products and services on billboards along America’s roadsides for as long as people can remember, and they have proudly posted their names atop their headquarters buildings, but now placing a corporate name on a building where a company is renting space can be a key factor when negotiating a lease with a landlord.

The development of the Harbor Point mixed-use complex in Stamford’s South End reflects the growth of the city’s residential base in recent years.

Human Relations firm OperationsInc will be leaving its offices on High Ridge Road and moving the business to Norwalk.

Pentegra Retirement Services, a leading provider of retirement products and services, has renewed its existing lease and expanded into a total 34,677 square feet at 108 Corporate Park Drive in White Plains, NY.

A global prepared-foods company is staying in Stamford, moving its headquarters from a West Broad Street building to the Landmark Square complex..

It was a tale of two Connecticut office buildings in the past month, with a former Royal Bank of Scotland building achieving nearly full occupancy with a pair of new leases, and Stamford’s mammoth UBS building finally landing an initial tenant after the Swiss bank’s move across the street into what is now RBS’ main office in Connecticut.

With a tight corridor in Norwalk the hottest pocket of commercial real estate in Fairfield County, a few blocks in downtown Stamford could soon inherit that mantle as the UBS building comes into play.

In early 2013, 9 W. Broad St. on the edge of downtown Stamford languished as an empty and neglected property. Today, it hums with activity as some 400 workers stream in and out of a refurbished nine-story structure. Stamford and other communities in southwestern Connecticut still grapple with office vacancy rates hovering above 20 percent. But the revitalization of 9 W. Broad St. and the turnaround of similar buildings show how property owners’ capital investments and the draw of central locations can make corporate hubs attractive to tenants in a challenging market. “There is a little reticence in the market to being that first tenant in, so the owner has to prove themselves,” said, principal of in Norwalk, a firm that represents tenants in commercial real estate transactions.

The statistics may slightly vary, but the message is still the same — Fairfield County’s commercial real estate market continues to languish, though there are some reasons for optimism.

Choyce Peterson announced lease for Sperry Rail Inc., the largest provider of Rail Health services in the world, at 5 and 9 Research Drive, Shelton, CT.