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August 15, 2006
The Marino Organization
Antares Establishes 26,541 Square-Foot Operations Center in Stamford
By: Julia Winkler
GREENWICH, CT - August 15, 2006: Antares Investment Partners,
LLC, a real estate development and management firm founded ten years
ago in Greenwich, is expanding its operations into Stamford by leasing
26,541 square feet at the Stamford Harbor Park office complex.
The company will maintain a significant presence in Greenwich
by retaining its fully staffed financial investment division at
52 Mason Street. The company's Greenwich contingent also includes'
on-site management teams in Greenwich at the Greenwich Place and
Greenwich Oaks, two luxury residential complexes purchased by Antares
in February in one of the largest real estate transactions in state
history.
In addition to housing a number of corporate activities, Antares'
Stamford office will also serve as the base of operations for a
project team undertaking the 82-acre, $2 billion master planned
development of Stamford's South End, one of the most extensive development
projects now underway in the United States.
"Antares is proud to retain our historic commitment to Greenwich,"
said James P. Cabrera, principal of Antares. "At the same time,
our additional office in Stamford reinforces our belief in the promising
future of the city's South End."
"Antares will now house a large portion of our operations
in Stamford," said Antares principal Joseph Beninati. "At
the same time, we will keep our vibrant investment group in Greenwich,
where Antares is undertaking two major condominium conversions and
where additional luxury residential development is now underway."
"We are proud of this growing firm's Greenwich pedigree,"
said Town of Greenwich First Selectman Jim Lash. "As this outstanding,
homegrown company expands to new horizons, Antares Investment Partners
will maintain a high profile here in Greenwich through its investment
division and also through its many outstanding properties."
"We are thrilled that Antares Investment Partners has chosen
to expand its operations onto the Stamford waterfront, where this
world-class development firm will soon help write an exciting new
chapter in the history of our city," said Stamford Mayor Dannel
P. Malloy. "In a few short years, this large, underutilized
tract will be transformed into a dynamic, mixed-use neighborhood
that is certain to rejuvenate Stamford's South End for many, many
decades to come."
Antares will sublease the entire, 26,541-square-foot eighth floor
of the north tower of Stamford Harbor Park, a 400,000-square-foot,
premier office complex on Stamford Harbor. The company will sublease
space from Nyfix, a technology firm, for an eight-and-a-half-year
period. Ted Lane, Antares' senior vice president of acquisitions
and leasing, represented Antares in the transaction, which takes
effect October 1.
"This is one of the largest office leases in Stamford this
year, and the additional space will accommodate the firm's significant
growth," said Mr. Lane. "The new Antares operations center
is situated in a prestigious office building located on the Stamford
waterfront, a district that itself will soon be transformed by the
Antares redevelopment initiative." Antares officials noted
that two internationally recognized firms, Cooper, Robertson &
Partners of New York and Sasaki Associates Inc. of Boston, were
recently chosen as the South End project's master planners.
About Antares Investment Partners
Antares is a leader in a full range of real estate assets, projects
and services. The firm manages a multi-asset and multi-project real
estate portfolio valued at approximately $4.5 billion and was founded
by Joseph Beninati and James P. Cabrera in 1996. Using a vertically
integrated business model, Antares develops, designs, entitles,
builds, owns, sells and manages a broad range of luxury and ultra-luxury
assets. Antares' capital partners are many of the world's leading
financial firms, private equity funds, university and state endowments,
and entrepreneurial investors.
Antares' projects and assets are primarily located in Fairfield
and Westchester Counties. In Greenwich, Antares' Real Estate Division
develops museum-quality residences on large, back-country properties.
Its commercial and hospitality divisions own prominent assets such
as Pickwick Plaza, considered the country's finest suburban office
complex, and The Delamar Greenwich Harbor Hotel, a luxury waterfront
hotel. In Westchester, Antares residential assets include CiderMill,
an exclusive, gated community, and Armonk Square, essentially the
"new town center" which will include luxury condominiums
and retail shops, as well as serve the community of Armonk. In Stamford,
Antares is leading a major revitalization of Stamford's South End
with a waterfront land assemblage totaling 82 acres. This master-planned,
city on the water is being designed and will be one of the largest
and most exciting mixed-use developments in the United States.
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