6 Businesses Sign Leases for Greenwich Office Park

Six new leases have been signed for the recently renovated Greenwich Office Park complex, according to an announcement from real estate investment manager Clarion Partners and CBRE Group.

The leases at the 430,000-square-foot, nine building complex on 23 wooded acres in Greenwich, represent a total of 47,058 square feet of space for tenants located in four of the complex’s buildings. The renovation project to draw new tenants cost $13 million and include interior and exterior upgrades and expanded amenities.

Starwood Capital Group, a 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, according to the announcement.

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,” Margaret L. Egan, senior vice president, asset management with Clarion Partners, said in a statement. “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,” David Block, Senior Vice President of CBRE said.

Contributed photo.