According to Griffin Land, Great American Insurance Company has signed a lease for 17,661 s/f of first class office space at 5 Waterside Crossing.
Construction of the tenant improvements are already underway and include rehabilitation of the premises. Occupancy is expected in February 2012.
"5 Waterside Crossing had the facilities we needed to satisfy our expansion plans and a management staff in tune with our needs," said Frank Scheckton Jr., divisional president, Great American Insurance.
5 Waterside Crossing is an 80,500 s/f first‐class office building located within Griffin Center, a 600-acre master business park that was planned and developed by Griffin Land. The park is easily accessed from exits 37 & 38 off I-91, just south of Bradley International Airport. Area amenities include restaurants, hotels and office‐service businesses that are located within minutes of the park. In-park amenities include Vito's by the Water restaurant and function facility, and the recently reopened SS&C SummerWind Performing Arts Center.
"We are delighted that Great American Insurance Group has chosen to join our expanding tenant community," said Tim Lescalleet, senior vice president of Griffin Land, the company's real estate division. "Businesses today are looking for a seasoned, flexible and well capitalized landlord; one that can deliver customized space solutions and superior tenant services. Griffin Land has a proven track record of performance, with the longevity of our tenants being our greatest testimony."
Earlier this year Griffin Land welcomed Integralis to its portfolio within Griffin Center. Additional corporate neighbors within the park include ABB, Accellos, Cigna, Comcast, Connecticut Light & Power, Comfort Systems, Johnson Controls, KMC Music, Kaman, Philips, T‐Mobile, The Travelers, The Hartford, TRC, Vertafore, and the U.S. Postal Service.
Patrick Mulready of CB Richard Ellis, exclusive leasing agent of the property, represented the landlord, a real estate subsidiary of Griffin Land & Nurseries, Inc. Frank Pagano of Corporate National Realty, LLC acted as the leasing representativefor the tenant.