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BLT signs 24,000 s/f office lease with global insurer

 Building and Land Technology (BLT) today announced that Ascot Group, the global specialty insurer, is opening a new office at 200 Elm Street in Stamford, CT.

“We’re excited to welcome Ascot to Stamford and have their team join our community’s growing premier roster of corporate tenants,” said Carl R. Kuehner III, Chairman of BLT. 

CARL KUEHNER

“We recognize the time and thought required for a corporate move, especially during the pandemic and we’re energized by the opportunity to provide the highest level of service focused on health, wellness and flexibility to accommodate the needs of today’s evolving workforce.”

Ascot will occupy 24,000 s/f in its new location, joining respective industry giants Henkel and Diageo, among others. Amenities include outdoor space that includes a courtyard and four-story open-air atrium. BLT also has a COVID-19 testing program in partnership with Stamford Health and various virtual fitness offerings.   

“As Ascot continues to grow, we are pleased to announce the expansion of our presence through this new office in Stamford,” said Yvonne Costello, Chief Operating Officer, Ascot Group. 

“Connecticut creates a thriving environment for growth companies like Ascot, affording us the opportunity to take advantage of a tremendous talent pool, coupled with convenient access to New York, and Stamford’s dynamic business community – particularly within the insurance and reinsurance industry. ”

“Connecticut’s value proposition has never been stronger.  Under my administration we have taken many measures to create a better business environment in Connecticut, one that attracts new companies, workers and investment to our state—and we are seeing results,” said Governor Ned Lamont.  “We are thrilled Ascot Group has made the strategic decision to establish operations in Stamford and look forward to their contributions to the community and our broader insurance sector.”   

CBRE’s Ned Burns, Senior Vice President and Zachary Price, Senior Vice President, represented Ascot in the transaction, while Leslie Whatley, Executive Vice President for BLT facilitated negotiations for the landlord.

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