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Child’s Play Pays Off at Enfield Business Park
LEGO Systems, Inc. Site Improvements Create Enormous Value Add for Prospective
Neighboring Tenants
Enfield, CT (PRWEB) August 09, 2011
Eschewing the belief that office space must be strictly gray and devoid of any
traces of play, LEGO Systems, Inc. recently held a fun-filled ribbon cutting to
showcase site improvements at its North American headquarters at Enfield
Business Park, located off I-91 in Enfield, Connecticut. Makers of the
internationally beloved building brick, LEGO transformed 100,000 square feet of
industrial space into Class A office facilities with amenities that include an
indoor atrium and garden that is naturally illuminated by a stunning skylight.
“It is the best office refurbishment of its kind I have ever seen. It is very
modern, bright and beautiful,” said Phil Smith, Leasing Director of the National
Industrial Portfolio, of which Enfield is a part. The portfolio is owned by a
joint venture among entities formed by Hackman Capital, Calare Properties and
KBS Real Estate Investment (REIT).
LEGO, the original builders of Enfield Business Park, currently occupy more than
230,000 square feet of space in multiple facilities at the park. Their
commitment to the location dates back more than 35 years.
The new, cutting-edge space at Enfield will accommodate the growing toy
manufacturer’s need for more office space to house an ever-expanding employee
base. The new offices include single-story and double-story spaces, some
featuring creative, open floor plans and others featuring more traditional
spaces. Home to LEGO R&D operations, the space puts visitors face-to-face with
such colorful fixtures as a 15-foot-long saber toothed tiger crafted from LEGO
building bricks, and a LEGO model of Lightning McQueen, the freewheeling racecar
of Disney/Pixar’s Cars.
“The new site improvements by LEGO, a world-class tenant with a longstanding
presence at Enfield Business Park, have been a welcome addition to their North
American headquarters” said William Manley, founder and CEO of Calare
Properties. “The people at LEGO have brought to Enfield a superior example of
first-class office space, complete with a modern floor plan, an abundance of
natural light and a creative environment for their growing employee base. We are
proud to have such an innovative tenant on our campus.”
And LEGO is not the only top-notch tenant creating a buzz at Enfield Business
Park. Plastipak has been on campus since 2009 and Coca-Cola recently moved in.
Smith expects the trend to continue as additional high-caliber tenants become
aware of the more than 300,000 square feet of available space at the park.
The space for lease is currently being marketed in three of Enfield’s five
buildings:
•300 Shaker Road - A state-of-the-art Distribution Facility, one of the tallest
and most pristine in New England, offers 222,799 square feet with clear heights
up to 48 feet, existing racking, abundant loading impeccable mechanicals and
more.
•555 Taylor Road - A world-class Manufacturing Building, with 80,000 square feet
available, boats heavy power, redundant systems, an open floor plan,
full-service cafeteria and other amenities.
•99 Print Shop- Where LEGO formerly housed their R&D operations, the Office
Building offers 37,580 square feet of flexible, first-rate space on two floors.
“For someone in the market for high-image industrial or office space, Enfield
Business Park is a no brainer. Companies benefit from having high-profile
neighbors,” Smith said.
Michael Hackman, founder and chief executive officer of Hackman Capital said he
looks forward to seeing a bright future unfold at the property.
“With tenants like Plastipak, Coca-Cola and LEGO, there is no doubt in my mind
that the booming business community at Enfield Business Park will continue to
flourish. “After all, quality attracts quality,” Hackman said.
About Hackman Capital: Hackman Capital is a privately-held real estate
investment firm specializing in the acquisition, management, redevelopment and
adaptive reuse of industrial and office properties. Founded in 1986, the company
has acquired or developed more than a billion dollars of property on behalf of
the company, various investment funds and institutional clients. Hackman Capital
currently manages for its affiliates more than 16 million square feet of real
estate across the United States, including 56 buildings and 750 acres of
developable land. The company is based in Los Angeles. For more information,
visit Hackmancapital.com.
About Calare Properties, Inc.: Calare Properties is a Massachusetts-based real
estate investment manager that currently owns and manages more than 14 million
square feet of distribution, manufacturing and office properties throughout the
United States. Calare has made over $630 million in value-focused real estate
investments through several private equity partnerships. For more information,
visit Calare.com.
About KBS: KBS Capital Advisors, an affiliate of KBS Realty Advisors, is a
private equity real estate company and SEC-registered investment advisor founded
in 1992 by Peter Bren and Chuck Schreiber. One of the nation’s largest buyers of
commercial real estate, KBS Capital Advisors targets major office and industrial
markets across the country and operates a portfolio valued at over $7.4 billion.
Since 1992, KBS-affiliated companies have completed transactional activity of
approximately $20 billion via 14 separate accounts, six commingled funds, five
sovereign wealth funds and five non-traded REITs. For information, visit
KBSrealty.com.
-end of report-
PRWEB.com
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