Stamford, CT - (October 28, 2010) Building and Land Technology, the developer of the 80-acre mixed-use project on the west branch of Stamford Harbor announced today its first lease at One Harbor Point Square, a 260,000 square foot building currently being completed at Harbor Point. Louis Dreyfus Highbridge Energy LLC (LDH Energy) has leased the top two floors totaling 66,000 square feet for 15 years and will relocate its Wilton-based trading operation and administrative functions to its new facility mid year 2011.
This announcement follows recent news that a world-renowned management-consulting firm had leased space in adjacent Two Harbor Point Square, and that major leases had been signed with Cornell University and Starwood Hotels & Resorts Worldwide to locate their facilities at Harbor Point.
Carl R. Kuehner, III, President and CEO of Building and Land Technology said, "Louis Dreyfus Highbridge Energy typifies the quality tenant we are seeking for Harbor Point. This development is appealing to many companies with its easy train access, exciting amenity package, and new infrastructure, and it is rapidly emerging as a world-class business address."
Commenting on its decision to locate to Harbor Point, William C. Reed II, President and CEO of LDH Energy, said "We are excited to be relocating our Connecticut headquarters to Harbor Point. The building's close proximity to the Stamford train station and its state of the art infrastructure will provide an excellent platform to support our long term growth strategy."
Stamford Mayor, Michael Pavia remarked, "The arrival of Louis Dreyfus Highbridge Energy to Stamford continues to underscore the City's role as a home for sophisticated, global companies looking to access the talent and once again reiterates the outstanding location, amenities and transportation access that Stamford affords its entire corporate base."
CB Richard Ellis Senior Vice President, Thomas Pajolek and Senior Managing Director, Robert Caruso represented LDH Energy.
Louis Dreyfus Highbridge Energy LLC (LDH Energy) is a leading merchant energy company that deploys capital across the value chain of energy-related commodities. LDH Energy owns a strategic portfolio of energy infrastructure assets and employs more than 500 people at principal offices in Connecticut, Texas, Canada, and Switzerland, and at its asset facilities in Texas, Louisiana, Mississippi, and West Virginia.
Recognizing an opportunity that stood silent for decades, Harbor Point is an unprecedented vision of the Stamford waterfront. The project includes 6 million square feet of mixed-use development: 85 percent residential (4,000 residential units, 10 percent of which is affordable housing); 15 percent commercial, including office buildings, a grocery store, a waterfront hotel, restaurants and a full-service marina; more than 11 acres of parks and public space; a community school; and publicly accessible waterfront access. Harbor Point is a transit-oriented development (TOD), situated only a ten-minute walk from the Stamford Transportation Center, and includes improved street and pedestrian areas. As a Gold Certified LEED-ND development, Harbor Point also leads the way in environmental design and construction.
A second-generation real estate development company, Connecticut-based Building and Land Technology has completed ventures worth more than $3 billion including over 4 million square feet of commercial development and 4,500+ residential units. BLT trophy properties host the headquarters for Starwood Hotels & Resorts Worldwide, Gen Re, GE Commercial Finance, Diageo, GE Real Estate, Xerox, GE Energy Financial Services, IMS Health, Hewitt and Cornell University Veterinary Specialists. Their numerous office parks, apartment complexes, single family subdivisions, common interest communities and adaptive reuse projects total in excess of 8,000,000 square feet of development throughout Fairfield County.