Playtex Products Inc. has decided to keep its corporate headquarters in Westport while reducing its worldwide workforce by 20 percent and its corporate headquarters space at the Nyala Farms Corporate Center by about 16 percent, GlobeSt.com reported today.
The real estate news site said the personal care and consumer products manufacturing firm signed a six-year lease renewal for its 59,000 sf offices at the Nyala complex between Greens Farms Road and I-95,
GlobeSt.com, quoting officials of the real estate firm Cushman & Wakefield, said Playtex, which first took occupancy at Nyala Farms 11 years ago, had leased 75,000 sf of space there prior to the lease renewal transaction.
Paul H. Kauffman, executive director, Stephen Baker, senior director, and Gregory V. Frisoli, director of Cushman & Wakefield, serve as exclusive leasing agent to building ownership, Nyala Farms Corp., in the marketing of approximately 80,000 sf of available space in the 372,207-sf, five-building office complex. Jim Randel of Rand Real Estate represented Playtex.
Playtex reported Tuesday that as part of a realignment of its businesses it would be reducing its worldwide workforce by more than 300 positions by the end of this year. (See WestportNow Feb. 8, 2005).
Company officials say the job reductions will be made via attrition, early retirement and layoffs. It was not known how many job reductions are planned for the companys corporate headquarters, GlobeSt.com said.
