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February 8, 2006

Allstate Insurance Leases 10,000 Square Feet at One Hamden Center

One Hamden Center

HAMDEN, CT– Allstate Insurance Company, the nation's largest publicly held personal lines insurer, has signed a new lease for 10,000 square feet on the third floor of One Hamden Center, the 110,000 square-foot Class A office building at 2319 Whitney Avenue in Hamden, Connecticut. Michael Belfonti, President and CEO of Belfonti Associates, LLC, made the announcement. A Belfonti-related entity, 2319 Hamden Center I, LLC, has owned One Hamden Center for over a decade.

Allstate is expected to occupy the building by June 2006, and a custom tenant build-out of the space has already begun. Tim Fegan of CB Richard Ellis' Connecticut office represented the owner in the transaction. John J. Morris III of CB Richard Ellis' Chicago office represented the tenant.

Allstate joins a stellar roster of well known national tenants such as IBM, TIAA-CREF, Dana Corporation and Ryan Beck & Company at One Hamden Center, a six-story, multi-tenant, Class A office building situated on the southeast corner of Whitney and Dixwell Avenues in Hamden, CT.

"One Hamden Center is the premiere office building in the market, and it continues to attract leading national and multi-national tenants," said Mr. Belfonti. "We offer abundant parking in our three-level, 750-car garage and other attractive amenities such as the building’s links to a daycare facility, gym and many local shops, restaurants and boutiques."

In addition to the building's many amenities, tenants are attracted by the property's convenient location, with close proximity to I-91, Route 15 and the Wilbur Cross/Merritt/Hutchinson River Parkway. The building was built in 1984 and has undergone extensive improvements. One Hamden Center currently offers office space for lease in this prime New Haven County location near Hamden's traditional downtown district.

 

Belfonti Companies, LLC Real Estate Development and Investment, with a central office located in Hamden, Connecticut, actively and aggressively pursues opportunities throughout the United States and internationally.