The Benefits of Malkin Properties: Safety, Security and Certainty for Tenants

There has been speculation in the media lately about the future of the world economy. Numerous stories questioning what that means for the real estate market have circulated within the Fairfield/Westchester suburban markets.

Headlines cite companies leaving, companies coming, and uncertainty as to the status of different properties. In the midst of and despite the uncertainty and differing perspectives regarding these matters, the following remains certain: choosing a landlord that removes all of those questions from the picture — providing financial security and top-quality office space, services, and amenities — enables the tenant and its principals to focus on the company’s core business and not on its offices. Malkin Properties, with its suburban portfolio of Trophy office buildings, is precisely that kind of landlord.

Since 2010, over 30 Malkin Properties portfolio tenants in Fairfield and Westchester Counties (occupying some 328,255 square feet of space) either expanded their offices or renewed their leases on a long-term basis. Malkin Properties’ fiscal strength, and its four-generation track record of dependability and success in commercial real estate, lend credibility to the Malkin brand. The brokerage and business communities recognize and respect our well-earned reputation for “saying what we mean, and doing what we say.” This high level of transparency, consistency and dependability in management and services — together with the fact that we offer superior quality of management services and amenities at properties conveniently located close to highways and mass transportation — certainly helps us to attract and retain quality tenants.

Our success in the market, and the successes of our tenants and their choices to renew and expand, are affirmations that location and sponsorship really do matter. During the past decade, we consciously pruned our suburban office portfolio down to those properties that best meet our tenants’ needs. Our “quality for value” proposition is simple, straightforward, and made good daily: all tenants at Malkin Properties’ buildings are entitled to receive the absolute best in service, quality and convenience, and each and every tenant that moves into one of our properties is issuing a vote of confidence in us which gives rise to a duty and obligation on our part to deliver excellence.

“Tenants and brokers have long counted on Malkin Properties’ ability to fund tenant work-letters, to pay brokers in full on lease signing, and to provide the highest level of services, amenities, maintenance, cleaning and on-site management at every one of our buildings, whether in Stamford, Norwalk, Harrison, or White Plains,” says Jeffrey H. Newman, executive vice president of Malkin Properties. “Our ability to compete effectively by meeting all of our obligations to tenants and brokers on a day-in, day-out basis is absolute and uncompromised.”

The next step for Malkin Properties is Metro Tower, the office component and final phase of Metro Green, a new transit-oriented, mixed-use development. Located at the Stamford Transportation Center, the 17-story, 350,000-square-foot tower will feature column-free tenant spaces with 9’6” finished ceiling heights, and floor-to-ceiling windows.

“Metro Tower takes the successful model we’ve been following at all of our Trophy properties to the next level,” says Mr. Newman.

“The building will have the energy efficiency that the Malkins retrofitted into the Empire State Building from the start, and will offer 100% redundant power — via shared or tenant-dedicated emergency generators pre-engineered and ready for installation — in addition to our regular offerings of top-notch amenities. These include on-site dining, sundry shop, fitness and conference centers, parking in a structured garage, and 24/7 security. Metro Tower is another leap into the future for Malkin Properties.”

Metro Center, the flagship of Malkin Properties' suburban portfolio

Metro Tower Rendering