Noble moves to bigger space

In 2010, Noble Americas will travel from its current Ludlow Street location in Stamford, taking along a larger crew and alighting in a bigger office in Stamford, doubling both space and staff.

“We are hiring many talented employees, and the new location will allow Noble to expand our operations and double our existing trading-floor space,” said Richard DiDonna, president of Noble Americas.

Noble Americas leased 33,645 square feet at Four Stamford Plaza on Elm Street. Noble has more than 100 employees in Stamford; the plan is to have 200 by spring 2010.

Noble Americas is an international commodities supplier and trader and the American subsidiary of Hong Kong-based Noble Group, a commodity supply-chain manager. Noble Americas trades grain and oil seeds, clean fuels, coffee, sugar, cotton and aluminum.

The property is owned and managed by RFR Realty. The deal will bring occupancy at the 15-story, 261,000-square-foot building to 96 percent.

 

Noble has committed to the entire seventh floor and a portion of the sixth for an 11-year term. The company will relocate from 333 Ludlow St. in Stamford, a property owned by Norwalk-based Building and Land Technology. The new downtown offices more than double the company”™s space and will be fully occupied by Noble by March.

 

“After a lengthy evaluation of available space in Stamford, we concluded that Four Stamford Plaza was the best fit for our growing company,” said DiDonna.

Stamford Plaza has recently undergone multimillion-dollar interior and exterior renovations.

“We’re excited to welcome Noble Americas to our tenant mix,” said Margaret Carlson, a Stamford portfolio director at RFR Realty. “This gives them the ability to walk to the train station and restaurants. The last tenant was using the space for a special project for three years and vacated in August.”

Carlson said several companies looked at the space, though Noble moved the fastest.

Brett Sherman, senior vice president of Angel Commercial Real Estate, which represented Noble, said the climate enabled a very advantageous deal for Noble to take advantage of the favorable lease terms.

Michael Freimuth, Stamford”™s economic development director, said Stamford’s central business district remains a tenant’s market.

“This reflects the current marketplace where leases are turning over,” said Freimuth. “Tenants are looking for long-term deals that they can lock in.”