The 90 Commerce Road lease renewal enabled Osborne & Little, Inc. to retain its 14,930-square-foot U.S. headquarters in Stamford, CT. The space combines office and warehouse functions required by the luxury fabric and wallcoverings company.
Choyce Peterson Principal John Hannigan represented Osborne & Little in the transaction. After researching the market and touring alternative properties in Stamford and Norwalk, Hannigan negotiated an attractive rental rate, free rent and landlord-completed renovations that supported the company’s decision to remain at 90 Commerce Road.
Client Testimonial
“John thoroughly researched commercial space in the area, presented us with alternatives, and guided us toward the final solution. We look forward to continuing to build our client base from our U.S. headquarters.” — Osborne & Little, Inc. U.S. team
90 Commerce Road Lease Renewal: Transaction Details
This property uniquely accommodates both office and warehouse operations, making it ideal for a hybrid headquarters in a strategic Fairfield County location.
- Address: 90 Commerce Road, Stamford, CT
- Building Type: Office and Warehouse
- Broker: John Hannigan, Principal, Choyce Peterson, Inc.
- Asset Class: Office and Warehouse
- Tenant: Osborne & Little, Inc.
- Square Footage Leased: 14,930 SF
- Lease Terms: Attractive rental rate, free rent, and landlord-completed renovations
Evaluating Alternative Properties in Stamford and Norwalk
Before recommending a renewal, John Hannigan conducted a market survey and presented Osborne & Little with alternative office and warehouse properties in Stamford and Norwalk. This process allowed the company to compare its existing location with the cost, configuration and operational suitability of available alternatives.
Properties capable of accommodating both headquarters offices and warehouse operations were limited. After evaluating the available options, Osborne & Little determined that remaining at 90 Commerce Road offered the best overall solution.
How Choyce Peterson Negotiated Favorable Renewal Terms
Armed with current market information and credible alternatives, Hannigan negotiated renewal terms that included an attractive rental rate, free rent and renovations completed by the landlord. The resulting agreement allowed Osborne & Little to maintain operational continuity while improving its existing space and avoiding the expense and disruption of relocating its U.S. headquarters.
The transaction demonstrates why a lease renewal should be approached as a competitive real estate process rather than an automatic extension of existing terms. Evaluating the market helps tenants understand their options and negotiate from a more informed position.
Stamford Industrial Park Overview
The property offers immediate access to I-95 and the Merritt Parkway, placing it within minutes of key regional distribution routes and the heart of Stamford’s industrial and business districts. This connectivity is essential for efficient product distribution and client access throughout the Northeast.
- Stamford Industrial Park (80-110 Commerce Rd) – Major industrial and flex complex supporting warehousing and logistics.
- I-95 Corridor (0.6 miles) – Provides direct access to the Northeast’s primary transportation artery.
- Merritt Parkway (Route 15, 4.5 miles) – Facilitates commuter access throughout Fairfield County.
- Stamford Train Station (30 Station Place, 1.3 miles) – Major transportation hub on the Metro-North Railroad, providing direct access to NYC and New Haven.
Nearby Restaurants
- Divina – 275 Summer St: Located in the heart of vibrant downtown Stamford, this restaurant offers modern Italian fare in a comfortably chic ambiance.
- Elm Street Diner – 463 Elm St: Instagram-famous classic diner known for its cake shakes, homemade donuts, waffle towers, stacked burgers, loaded sandwiches, and brunch specialties. Bring a big appetite and save plenty of room for dessert!
- Flinders Lane Kitchen & Bar – 184 Summer St: This vibrant eatery celebrates modern Australian cuisine, inspired by both Australia and America.
Nearby Hotels
- Residence Inn Stamford Downtown – 25 Atlantic St: Perfectly situated in the heart of the city, this extended stay hotel offers easy access to over 100 dining options, UConn Stamford, and the renowned Palace and Avon Theatres. Experience the convenience of pet-friendly, apartment-style accommodations with valet parking, free Wi-Fi and a complimentary hot breakfast buffet.
- Stamford Marriott Hotel – 243 Tresser Blvd: Nestled in the heart of downtown Stamford, this premium hotel epitomizes comfort and charm, blending New York’s vibrancy with New England’s elegance for an unparalleled stay. Featuring a 9,000 sq. ft. ballroom that can be subdivided into breakout rooms, as well as six smaller executive conference rooms to accommodate a wide range of corporate events.
- The Stamford Hotel – 700 East Main St: A blend of elegance and modern comfort, this hotel features an on-site restaurant and lounge, meeting facilities, a fitness center, and an indoor pool
Conclusion
The renewal of Osborne & Little’s headquarters at 90 Commerce Road showcases the value of proactive tenant representation and market expertise in securing competitive lease terms in a supply-constrained market. The successful negotiation ensures continued stability for Osborne & Little’s U.S. operations and highlights ongoing demand for flexible office/warehouse solutions in Stamford.
FAQ’s
What are the key features of this industrial space?
The property uniquely integrates office and warehouse space, supporting operational flexibility for tenants with hybrid requirements.
What type of tenant leased the space?
Osborne & Little, Inc., a luxury fabric and wall coverings manufacturer, renewed its U.S. headquarters in the building.
Why was this location attractive to the tenant?
The site offers immediate access to major highways, robust distribution infrastructure, and adaptability for both office and warehouse needs.
Were any buildouts or custom improvements part of the deal?
Yes, the landlord completed requested renovations as part of the renewal.
How does this lease reflect market trends in the area?
The transaction underscores sustained demand for high-quality, flexible industrial spaces in Stamford and the broader Fairfield County market.
