United Rentals signs new lease for its head office in Stamford

STAMFORD – United Rentals, the world’s largest equipment rental company, has signed a new head office lease at the First Stamford Place complex, the property owner announced this week.

The company signed a direct lease for a full floor covering 51,194 square feet in the building at 100 First Stamford Place. The new lease runs until 2030, with United having previously sublet their current space on the seventh floor.

“Food, fitness, child care, proximity to Stamford transport hub and spaces for social connection are all here at First Stamford Place,” said Jeff Newman, senior vice president of Empire State Realty Trust, in a press release. “The property is the perfect place for businesses to recruit and retain employees in the Tri-State area. “

Messages left this week for United have not been returned.

United has been headquartered at First Stamford Place since 2013 when it moved its main offices from Greenwich. The property is just yards from the downtown Metro-North Railroad station and Interstate 95, Exit 7.

The company employs approximately 20,000 people serving groups including clients in construction and industry, utilities, municipalities and homeowners.

It operates nearly 1,300 rental locations in North America, including a depot a few blocks from its head office, as well as sites in Beacon Falls, Bloomfield, Bridgeport, Danbury, New Haven and North Stonington.

In the first nine months of 2021, United achieved nearly $ 7 billion in revenue, up 11% from the same period in 2020. It ranked No.352 on the list Last year’s Fortune 500 from the companies with the highest annual revenues.

United represents one of three Fortune 500 companies headquartered in Stamford. The others are Charter Communications, the Spectrum-branded service provider, and Synchrony, the nation’s largest provider of private label and store-brand credit cards. Last year, Charter opened a new corporate headquarters at 400 Washington Blvd., one block from First Stamford Place.

Later this year, another Fortune 500 company, tobacco giant Philip Morris International, plans to open a new headquarters at 677 Washington Blvd., a few blocks from First Stamford Place.

“It’s exciting that United Rentals is making a long-term commitment to investing in Stamford along with other Fortune 500 companies like Charter Communications, Synchrony and most recently Philip Morris International,” Stamford Mayor Caroline Simmons said in a statement. communicated. “In addition to these great employers, Stamford is home to a network of fantastic small businesses, and our community will continue to nurture the growth of businesses of all sizes for years to come as we continue to grow our local economy. “

Covering over 776,000 square feet of rental space, First Stamford Place is one of Connecticut’s largest office complexes. Besides United Rentals, its other tenants include CareCentrix, Crane, EY, Elizabeth Arden, Exela Technologies, Grant Thornton, Legg Mason, OdysseyRe, PartnerRe, TigerRisk Partners and Trexquant.

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