Global asset management firm Legg Mason & Co. LLC has signed a lease for 150,874 square feet at 100 First Stamford Place through 2024, according to W&M Properties, the marketing and management agent for the Stamford, Conn., building.

The value of the transaction was not disclosed.

This new lease is the result of Legg Mason’s recent acquisition of Citigroup’s asset management division, which had been occupying 290,000 square feet throughout the First Stamford Place campus, a three-building, 810,000-square-foot, class A office complex, located at I-95’s exit 7.

Of Citigroup’s leased space, W&M will be recapturing 89,000 square feet effective June of 2007, resulting in the largest vacancy in First Stamford Place since W&M bought the property in January of 2001. Another 52,000 square feet of Citigroup’s leased space remains unaffected through year-end 2012, at which point Legg Mason has the option to renew.

W&M’s recently completed $8 million property enhancement program encompasses fully renovated common corridors, bathrooms, and elevator cabs; a new tenants-only multimedia conference center with wireless Internet access; a remodeled fitness center; a remodeled and expanded dining facility; a relocated and expanded sundry shop; new interior and exterior directional and identification signage; landscaping enhancements; and installation of a new energy management system.

W&M Properties is the real estate management, marketing and acquisition arm of the Malkin family, which has commercial and residential operations in seven states.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription