Robert W. Baird & Co. Inc. (Baird), an employee-owned, global financial services firm, has extended its lease and expanded its space at Malkin Properties' First Stamford Place, according to Jeffrey Newman, executive vice president of Malkin Properties, the marketing and management agent for the three-building, 810,000 s/f office complex.
Baird expanded its third floor office at 100 First Stamford Place by 1,300 s/f, bringing its total occupancy to nearly 4,000 s/f. Renewing two years early, the firm has extended its lease at the building through 2018. Malkin Construction will build out the expansion space.
"We've been at First Stamford Place since 2008, and are very pleased to extend our lease and continue building our presence in the market," said Rick Dunn, managing director and institutional trader in Baird's Stamford office. "First Stamford is a great place to do business and integral to our firm's continued success and growth."
Established in 1919 and a member of the New York Stock Exchange since 1948, Baird has more than 2,600 associates serving individual, corporate, institutional and municipal clients, and oversees and manages nearly $82 billion of client assets. Baird's principal operating subsidiaries are Robert W. Baird & Co. in the U.S. and Robert W. Baird Group Ltd. in Europe. The firm also has an operating subsidiary in Asia supporting its private equity operations.
"Baird's renewal and expansion is consistent with the growth of domestic and international financial service companies at First Stamford Place," said Newman. "With its convenience to public transportation and access to major highways, this trophy office property affords our tenants and their clients an easy commute from New York City and other suburban areas."
Newman and senior leasing associate Kimberly Zaccagnino represented the landlord in this transaction. The tenant was represented by Torey Walsh of Cushman & Wakefield.