Deloitte, BLT confirm deal for 695 East Main St.

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One of Stamford’s largest — and emptiest — office buildings finally has an anchor tenant.

BLT Financial Centre, an iconic six-story Class "A" office building located at 695 East Main Street in Stamford, CT.'s Central Business District. (PRNewsFoto/Building and Land Technology (BLT))

BLT Financial Centre, an iconic six-story Class “A” office building located at 695 East Main Street in Stamford, CT.’s Central Business District. (PRNewsFoto/Building and Land Technology (BLT))

The BLT Financial Centre will be home for Deloitte, which signed a 15-year lease to move into 120,000 square feet of the shiny, six-story office complex.

Deloitte plans to bring together its Stamford and Wilton operations there by late 2014. The freshly renovated 594,000-square-foot facility is located on 6.55 acres of space at 695 East Main Street.

The deal was announced in a joint press release Thursday afternoon by Deloitte and local developer Building and Land Technology, which acquired the empty facility in 2012.

“It’s an exciting day when you get a company like Deloitte to consolidate its business in this city,” said Michael Pollard, chief of staff of Stamford Mayor David Martin, a Democrat, in a phone interview Thursday afternoon.

“That building has gone through a tremendous, tremendous amount of work on it and we admire the developers for their investment,” Pollard added.

The center was originally built in 1984 and served for decades as North American headquarters for General Reinsurance Corp. In 2010,General Reinsurance left the space — along with other tenants such as McCarter & English, Robinson & Cole, Spencer Stuart, Korn Ferry and Teleos Management.

Since 2012, Building and Land Technology has extensively renovated the place, which is actually comprised of two interconnected, six-story, granite-and-glass buildings dubbed the “Clock Tower” and “Main Building.”

Upgrades include a full-service cafeteria with atrium seating, a fitness center, conference facility and exterior courtyard for special events, the release said. Tenants will also have access to concierge services and shuttle service to the Stamford Transportation Center, which is just under a mile away.

“Deloitte is precisely the type of prominent corporate tenant we envisioned for BLT Financial Centre when we acquired the asset and made the commitment to bring it up to the standards of a premier commercial complex,” said Carl R. Kuehner III, CEO of Building and Land Technology, which is also developing the Harbor Point mixed-use waterfront community in the city’s South End, in a release.

“This lease signing signals a new beginning for the well-located and modernized BLT Financial Centre and a strengthening of Stamford’s prominence as a regional business center,” Kuehner added.

Deloitte currently operates out of 333 Ludlowe Street — alongside Starwood Hotels and Resorts — which is also owned by Building and Land Technology.

It was unclear in the press release if Deloitte plans to move all of its workers out of Wilton or its Ludlowe Street building.

Messages posing that question were left with Deloitte, Starwood and Building and Land Technology Thursday night.

What is clear is that Deloitte will occupy floors two through six in the “Clock Tower” building at 695 East Main Street, the release said.

“We look forward to our move into the new space, and the opportunities for collaboration that this will bring to our people and our organization,” said Steve Gallucci, Stamford managing partner, Deloitte & Touche LLP, in the release.

“We are also pleased to demonstrate our continued commitment to serving our clients, and to leverage the collective impact of the 1,200 Fairfield County-based Deloitte professionals in the local community and state of Connecticut where we live and work,” Gallucci added.

Deloitte’s “next generation workplace” will have a “dynamic, fresh, and collaborative space that strengthens the organization’s culture and brand,” the release said.

The intention is to increase face-to-face interactions, private discussions and other types of collaborative work.

Categories: General
Tim Loh

One Response

  1. Veritas says:

    It would still be a great location for another university to set foot in Stamford…(Despite the fact that its architecture is reminiscent of the dehumanized buildings exemplifying the Stalin-Kruschev era – notably those front steps…)