Company Announces Lease Signings Well Ahead of Plans and is Given the Coveted NAIOP Award
GREENWICH, Conn., Dec. 4 /PRNewswire/ — Antares Investment Partners, a leading real estate development and private equity firm, will end 2007 with commercial occupancy levels rising to 80% for its 1.45 million square feet of commercial holdings in the Stamford/Greenwich area. This occupancy level is 14% higher than Antares had anticipated achieving in 2007, and the leasing rates per square foot are 20% higher than Antares had anticipated.
Separately, Antares' 2007 real estate transactions have established its position as the region’s leading developer and gained the esteemed recognition of the National Association of Industrial and Office Properties (NAIOP) in winning “Fairfield County Sales of the Year” for its commitment in investing in Connecticut's future.
Including the visionary Harbor Point redevelopment of the south-end of Stamford, Antares owns and manages more than 10 million square feet of real estate assets and developments. The portfolio offers real estate solutions ranging from a 700,000 square foot office headquarters being designed by David Childs of Skidmore Owens & Merrill, which is adjacent to the Stamford Transportation Center, to prime restaurant and retail sites to luxury waterfront residences with hotel, spa and marina amenities.
“Antares is dedicated to the City of Stamford and its future as a leading business and cultural center,” said James P. Cabrera, co-founder and managing partner, Antares Investment Partners. “The leasing we closed in 2007 and the recognition from the NAIOP we've received as a result is quite an honor. It is clear that Stamford's future is among the brightest of all cities in the United States,” added Joseph P. Beninati, co-founder and managing partner, Antares Investment Partners.
Antares rounded off its record-leasing results as it signed A.C. Nielson, a leading marketing information company and division of The Nielson Company, 15,000 square foot lease at 600 Summer Street in Stamford, CT. The leasing agreement, brokered by David White D.H. Commercial RE Services, Inc., is an example of Antares’ ability to provide best-in-class commercial real estate solutions to the area’s largest and most successful businesses.
“Our recent leasing agreement with A.C. Nielson is an excellent example of our ability to attract and retain leading corporations in the area,” added John Wheeler, president of acquisitions and investments. “We expect to build on these successes and our vision for Stamford’s growth and development in 2008.”
In Greenwich, there was 194,266 square feet of leasing signed in the 3rd quarter of 2007. Of that amount, 104,719 square feet, or 53% was completed by Antares at 100 West Putnam, nearly a year ahead of schedule.
About Antares Investment Partners
Antares Investment Partners (“Antares”) is a vertically integrated real estate development and private equity firm based in Greenwich, Connecticut. Antares was founded in 1996, employs approximately 120 professionals and has over $6 billion of assets and projects under management, totaling nearly 10 million square feet. The firm maintains long-standing capital relationships with leading global financial institutions.
Antares is credited with conducting some of the most significant developments in Connecticut and in the United States. The firm’s development plans have earned Antares an outstanding reputation as an advocate for environmental and neighborhood concerns and as a collaborator with community members. Visit Antares online: http://www.antaresrealestate.com.
SOURCE Antares Investment Partners
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