Clipper Group (USA) moves into new office space on Long Ridge Road, Stamford, CT

STAMFORD, Conn., March 5, 2014 /PRNewswire-iReach/ -- Jones Lang LaSalle has completed a sublease deal on 5,852 square feet for Gen Re Long Ridge LLC at 120 Long Ridge Road in Stamford, Conn. International shipping company Clipper Group (USA) Inc. moved its US operations from Stamford Landing to the Class A office building at 120 Long Ridge Road, where they recently took occupation on the third floor of the north wing.

Clipper Group is a leading international shipping company, and an industry leader in dry bulk. Clipper's core strategic business: Clipper Bulk (dry cargo) operates a large fleet of handysize through panamax vessels as well as a number of subsidiary businesses, including Clipper Steel Services, the largest dedicated steel parcel carrier. In addition to the core business, Clipper has investments in tankers, MPP, ro-ro, ferries and cruise, as well as non-maritime investments. Clipper Group operates about 200 vessels in total, of which approximately half are owned. The company has approximately 300 employees working in 11 countries around the world.

JLL represented both the landlord, Gen Re Long Ridge LLC, and the tenant in the transaction. JLL's Brian Higgins and Chris Kraus, managing directors; George Walker, senior vice president; and Ethan Rice, vice president, represented the parties. The team worked closely with Michael Rea, VP of General Re, and Gary Vogel, Partner & CEO of Clipper Group.

"We viewed many locations and the high quality of the building at 120 Long Ridge, together with the amenities and the impressive level of management made it an easy decision. 120 Long Ridge simply provided virtually everything on our wish list." said Gary Vogel, Partner & CEO of Clipper Group. The new office space, in a corporate park setting, offers a cafeteria, Starbucks café, large dining facility, full fitness center, covered parking, shuttle service to and from Metro North Railroad, plus 24-hour security. 

JLL is a leader in the New York tri-state commercial real estate market, with more than 1,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2012, the New York tri-state team completed approximately 23.8 million square feet in lease transactions, arranged capital markets transactions valued at $1.57 billion, managed projects valued at nearly $7.0 billion, and oversaw a property and facilities management portfolio of 102.1 million square feet and an agency leasing portfolio of 76.0 million square feet.

About Jones Lang LaSalle

Jones Lang LaSalle is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.

Media Contact: Margaret Hepburn, Plaza Design, 203 256 1064, [email protected]

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SOURCE Clipper Group (USA) Inc.