Six new tenants sign leases at recently renovated Greenwich Office Park

Clarion Partners, a leading real estate investment manager and CBRE Group, announced six new leases at Greenwich Office Park, a recently renovated, 430,000-square-foot, nine building complex set on 23 wooded acres in Greenwich. The new leases total 47,058 square feet of space for tenants located in four of the complex’s buildings.

Starwood Capital Group, a leading global private investment firm, signed a lease for 24,027 square feet at 5 Greenwich Office Park. Starwood Capital Group was represented by Gil Ohls, Managing Director of JLL.

RiskMatch, a business intelligence and analytics firm that provides insurance portfolio management and placement solutions to insurance brokers and insurers, leased one of the four new pre-built suites, prior to completion, in 5 Greenwich Office Park, at a total of 1,991 square feet. RiskMatch was represented by Greg Frisoli, Executive Managing Director of Newmark Grubb Knight Frank.

CareNext, an eviCore company, signed a lease for 5,156 square feet at 4 Greenwich Office Park, in a deal that will see it relocate to Greenwich from Purchase, NY. Chris O’Callaghan, Managing Director and Mark Jacobs, Associate of JLL, represented CareNext.

A local investment manager signed a lease for 7,331 square feet of space at 1 Greenwich Office Park. It was represented by Robert Caruso, Senior Managing Director and Michael Nelson, Vice President of CBRE.

Private equity manager Ropart Asset Management, leased 5,058 square feet at 3 Greenwich Office Park. Jacqueline Durels, Senior Managing Director of Newmark Grubb Knight Frank represented Ropart Asset Management.

Cross River Advisors, which handles business development for alternative asset managers and operating companies, also took space in 3 Greenwich Office Park-a total of 3,495 square feet. Cross River Advisors was represented by Torey Walsh, Managing Director of Newmark Grubb Knight Frank.

“We are very excited to welcome these new tenants to the Greenwich Office Park. As these leases attest, demand at the Property has accelerated significantly following our extensive capital improvement program”, said Margaret L. Egan, Senior Vice President, Asset Management with Clarion Partners. “We have modernized the Park’s infrastructure and interior and exterior common areas, while staying true to its natural setting and reputation for above-standard levels of service and amenities. We believe that this unique combination of offerings sets us apart from our competition and has been instrumental in attracting new users of the Property.”

An extensive $13 million parkwide capital program was implemented to upgrade the infrastructure, common areas and amenities at Greenwich Office Park. Improvements to the Park include: the full-scale renovation of the façade and infrastructure of Building 1 to a LEED core and shell standard; fully renovated lobbies and common corridors; new restrooms; refreshed café and fitness center; the addition of a new conference room amenity; extensive landscaping and outdoor seating improvements; updated interior and exterior signage; and extensive infrastructure improvements including HVAC and roof replacements and elevator cab and control upgrades.

“We have built four brand new pre-built units with high-end finishes, including glass office fronts and we also offer complete turn-key solutions for incoming tenants, all of which has contributed significantly to our recent leasing success,” noted David Block, Senior Vice President of CBRE. “Greenwich Office Park continues to be a preeminent location for business.”

Currently, Greenwich Office Park offers tenants unparalleled office space ranging from 1,300 to 30,000 square feet. The Park is set on a beautifully landscaped, campus-style, 23-acre site boasting a full service café within walking distance to all nine office buildings; two ponds complete with fountains and outdoor seating; a private fitness center; direct shuttle service to the Greenwich train station; and on-site management. Additional amenities include dry cleaning; shoe shine and repair; mail delivery and pick up at each tenant’s suite; car wash; and detailing service. Building features include operable windows; individually controlled heating and cooling units; and abundant, partially structured parking. All nine buildings allow for tenants’ ability to expand and contract within the Park.

Greenwich Office Park is situated just minutes from all major highways and the Metro North commuter train line. The Property also offers easy access to the Westchester County Airport (10 minutes) and is less than one hour from the region’s major airport hubs including JFK, LaGuardia and Newark. In addition to its excellent location for businesses, employees can take advantage of the complex’s proximity to all of Downtown Greenwich’s shopping, dining and entertainment venues.

About Clarion Partners

Clarion Partners, an SEC registered investment adviser and FINRA member firm, has been a leading U.S. real estate investment manager for more than 30 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., Brazil and the United Kingdom as well as a presence in Mexico. With more than $35 billion in total assets under management, for over 200 institutional investors both domestic and international, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum. More information about the firm is available at www.clarionpartners.com

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Greenwich Office Park

Greenwich Office Park

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