Building and Land Technology, owner and developer of Harbor Point, a mixed-use waterfront development in Stamford, announced Starwood Hotels & Resorts Worldwide Inc. has inked a new 430,000-square-foot, 20-year lease for its global headquarters at One StarPoint there, adding 130,000 square feet to the hotelier’s footprint.
The deal envisions another 340 jobs coming to Stamford.
Carl R. Kuehner III, CEO of BLT, and Kenneth Siegel, chief administrative officer and general counsel of Starwood, made the announcement.
New York City-based Newmark Grubb Knight Frank, a commercial real estate advisory firm that operates a Greenwich office, represented Starwood Hotels in the transaction.
“For the past two years we have enjoyed being part of the evolution of Harbor Point, and we are excited to continue being part the transformation of this historic waterfront area,” said Siegel. “Starwood has been an early stakeholder in many destinations around the world and we are proud to be one in our new hometown as well. This expansion and the addition of 340 additional jobs is further testament to our commitment to our Stamford community and the state of Connecticut.”
Starwood relocated its headquarters to Connecticut in January 2012, bringing more than 800 jobs to Stamford. Connecticut provided Starwood with tax credits and job-linked financing incentives.
“We remain focused on attracting major corporations to Connecticut,” said Kuehner, who has overseen the development of Harbor Point. “Corporations like Starwood drive our region”™s economic growth, so we strive to meet their needs and make it an easy decision to locate here at Harbor Point.”
Built in 1989 and renovated in 2011, One StarPoint is a 430,000-square-foot class A office property consisting of two towers. Starwood currently occupies 300,000 square feet and under the new lease will be able to expand into additional space as it becomes available.
Harbor Point encompasses a complete neighborhood, featuring a mile of waterfront, more than 4,000 residential units and several million square feet of commercial development.
