Investment Management Firm Relocates from Connecticut To Malkin Properties’ 500 Mamaroneck Avenue in Harrison

March 16, 2010

HARRISON, N.Y. – Investment management firm Buckland Partners Management Company, LLC will move its offices to 500 Mamaroneck Avenue in Harrison, N.Y. from its current space in Darien, Conn., according to Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building.

Buckland Partners manages several funds, including Buckland Partners L.P., a diversified domestic “short/long” equity fund. The firm’s principals recently finalized a transaction to co-manage and assume a large ownership stake in GeoCapital, a traditional long-only money management firm in the separate-account business.

Buckland Partners will take occupancy of 3,289 square feet on the second floor of 500 Mamaroneck, for a term of five years.

“500 Mamaroneck offers a very high level of service and amenities, and its location – near the Mamaroneck train station and major highways – makes it extremely convenient for our employees, as well as for visiting clients,” says James Shifren, president at Buckland Partners. “We look forward to our new home.”

“Less than 30 minutes from Manhattan by train or car, and located closer to I-95 and the Hutchinson River Parkway than any other suburban trophy building, 500 Mamaroneck is a magnet for high-quality tenants seeking proximity to suburban markets and easy access to New York City,” says Mr. Newman. “We are delighted to welcome Buckland Partners to our prestigious tenant roster.”

Malkin Construction will build out the space for the new tenant.

Mr. Newman and senior leasing associate Kimberly Zaccagnino represented the landlord in this transaction. Matthew Lisk of Cushman & Wakefield represented the tenant.

The trophy property 500 Mamaroneck Avenue is a five-story, 285,000-square-foot, multi-tenanted office building located in Harrison, N.Y. between the Hutchinson River Parkway and I-95.

The building, comprising dual “center core” pods, subdivides well for multiple users within each pod, with unit size availabilities as small as 1,100 square feet.

In 2002, 500 Mamaroneck received The Office Building of the Year Award (“TOBY”) from the Building Owners and Managers Association of Westchester County.
Malkin Properties’ $12 million building enhancement program includes the following expanded amenities and improvements:

  • state-of-the-art, tenants-only fitness center with locker room facilities;
  • refurbished restrooms;
  • upgraded dining facility;
  • tenants-only multimedia conference facility with wireless internet access;
  • refinished elevator cabs;
  • totally renovated main lobby with imported marble stone flooring, walnut-stained cherry wood paneling, and new concierge desk;
  • fully renovated public corridors with new carpeting, wall covering, mahogany wood portals with high-end decorative light fixtures, new ceilings and lighting;
  • state-of-the-art building management and security systems, encompassing closed-circuit television and electronic “palm readers” for after-hours access to the building;
  • ATM;
  • on-site management office;
  • improvements to the building’s electrical system;
  • improved interior and exterior directional and monument signage; and
  • enhanced landscaping.
  • Malkin Properties also provides tenants-only shuttle service to the Mamaroneck train station. 500 Mamaroneck Avenue is close to all major highways (1/4 mile south of the Hutchinson River Parkway and 1 ¼ mile north of I-95) and mass transportation, and is less than 30 minutes from New York City by car or train.

Another Malkin trophy property in Westchester County is Ten Bank Street, a 225,000-square-foot, 12-story office building located one block from the White Plains Transportation Center, in the heart of the White Plains central business district.

Malkin trophy properties in neighboring Fairfield County, Conn. are: First Stamford Place, a three-building, 810,000-square-foot office complex located along I-95, adjacent to the Stamford Transportation Center; Metro Center, a 280,000-square-foot property at the Stamford Transportation Center; and MerrittView, a 255,000-square-foot office building located at the Merritt Parkway’s exit 40A.

The company’s portfolio of suburban office buildings totals 1.85 million square feet of prime space in Westchester County, N.Y., and in Fairfield County, Conn.

Malkin Properties provides full turn-key deal-making and management services, including marketing, lease negotiations, design, construction, management and cleaning services, all performed in-house.

The firm is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste and recycling and indoor environmental quality initiatives.

Broker commissions are paid in full as soon as leases are signed. Malkin Properties is the real estate management, marketing and acquisition arm of the Malkin family, which has commercial and residential operations in seven states.