News: Brokerage

Newman of Malkin Properties represents landlord in 3,207 s/f lease expansion

Barrington Nutritionals has signed an early renewal of its lease at 500 Mamaroneck Ave., according to Jeffrey Newman, executive VP of Malkin Properties, the building's marketing and managing agent. In its second renewal - the firm renewed and expanded its space from 2,166 s/f to 3,207 s/f in 2002 - Barrington Nutritionals has chosen to remain on the second floor of 500 Mamaroneck Ave. for an additional eight years, extending its previous lease by six years and five months. Newman represented the landlord. The tenant was represented by Mike McCarthy of Colliers International. "It's rare to find a company with the hands-on approach to tenant management that Malkin Properties brings to the table," said Stuart Gelbard, president of Barrington Nutritionals. "We look forward to growing with them for years to come." "We're very happy with Barrington Nutritionals' decision to recommit early with Malkin Properties," said Newman. "The Trophy quality of 500 Mamaroneck Ave., its top-tier amenities, on-site management services and convenient access to highways and to the Mamaroneck train station continue to attract quality companies to the building and make it an easy decision for existing tenants to extend their leases with us." 500 Mamaroneck Ave. is a five-story, 285,000 s/f, multi-tenanted office building. The building, comprising dual "center core" pods, subdivides well for multiple users within each pod, with unit size availabilities from 1,100 s/f. A recipient of The Office Building of the Year Award (TOBY) from the Building Owners and Managers Association (BOMA) of Westchester County, 500 Mamaroneck features on-going building wide enhancements, including recent upgrades within the fitness center; in-house concierge service; Café 500 dining facility and catering service; a tenants-only fitness center with locker room facilities; tenants-only multimedia conference facility; free on-site parking; 24/7 on-site security; a broad range of telecommunications systems; an ATM; "park-like" landscaping; and tenants-only shuttle service to the Mamaroneck train station. Malkin Properties is the real estate management, marketing and acquisition arm of the Malkin family, which has commercial, retail, and residential operations in 15 states. The company's portfolio of suburban Trophy office buildings totals 1.85 million square feet of prime space in Westchester County, N.Y., and in Fairfield County, Conn. In addition to 500 Mamaroneck, Malkin Properties' other Westchester County Trophy building is Ten Bank Street, a 225,000-square-foot, 12-story office building located one block from the White Plains Transportation Center, in the heart of the White Plains central business district. In neighboring Fairfield County, Conn., Malkin Trophy properties are: First Stamford Place, a three-building, 810,000-square-foot office complex located along I-95, adjacent to the Stamford Transportation Center; Metro Center, a 285,000-square-foot property at the Stamford Transportation Center; and MerrittView, a 255,000-square-foot office building located at the Merritt Parkway's exit 40A in Norwalk. Malkin Properties provides full turn-key deal-making and management services, including marketing, lease negotiations, design, construction, management and cleaning services, all performed in-house. The firm is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste and recycling and indoor environmental quality initiatives. Together with 500 Mamaroneck, Ten Bank Street, Metro Center and MerrittView earned the nationally recognized Energy Star designation from the U.S. Environmental Protection Agency (EPA); the balance of the Malkin Properties suburban Trophy portfolio is undergoing Energy Star review. Broker commissions are paid in full upon lease signing. ### 06/16/11
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