The Register Citizen (Torrington, CT)
Real estate investment firm Greenfield Partners moves to Stamford
STAMFORD — Real estate investment firm Greenfield Partners announced this week the relocation of its headquarters to 695 E. Main St., adding to the extensive list of companies that have moved to the downtown office complex the past few years.
Greenfield is taking 8,176 square feet on the first floor of the clocktower building at 695 E. Main, the property’s landlord, Building and Land Technology, announced this week. Construction of the new offices will start immediately, with plans to occupy them in the spring, according to BLT.
“The relocation of Greenfield Partners’ headquarters to Stamford marks yet another decision by a world-class company to invest in our community and their desire to take advantage of the myriad of benefits this area offers such as health, wellness, flexibility and safety,” BLT Chairman Carl Kuehner III said in a statement.
Greenfield has maintained offices in recent years at 2 Post Road W. in downtown Westport. The company’s LinkedIn page still lists that address as a “primary location.”
The three-story brick edifice at 2 Post Road W. anchors the mixeduse National Hall complex. In 2019, Greenfield sold the property for $17.5 million.
“As a firm, we are energized by our decision to move to Stamford,” Greenfield CEO Gene Gorab said in a statement. “We are thrilled to be joining an elite roster of tenants, and we are eager to take advantage of all the great things
Stamford has to offer. BLT is a world-class owner and operator, and we are excited to join one of their thriving, accessible communities.”
A message left for Greenfield seeking further comment about its reasons for relocating was not immediately returned.
Adam Klimek, senior director at commercial real estate firm Cushman & Wakefield, represented Greenfield in the transaction. BLT Executive Vice President Leslie Whatley led negotiations for the landlord.
During the past few years, a number of other companies have signed leases at 695 E. Main and the adjoining office building at 200 Elm St., which have a combined footprint of about 560,000 square feet.
Last November, BLT announced that global specialty insurer Ascot Group had leased 24,000 square feet at 200 Elm.
In 2019, alcoholic-beverages giant Diageo leased 40,000 square feet at 200 Elm for offices to complement its North American headquarters, which relocated from Norwalk to Manhattan.
About two years ago, McDonald’s signed a lease for 14,600 square feet at 695 E. Main.
In 2018, IT firm CA Technologies, hedge fund Tudor Investment Corp., and Webster Bank signed leases at 200 Elm that totaled about 75,000 square feet.
In 2017, Henkel relocated its North American consumer-goods headquarters to 200 Elm, from Scottsdale, Ariz. It occupies more than 150,000 square feet. The same year, professional-services RSM moved its Stamford offices to 200 Elm, taking nearly 30,000 square feet.
BLT acquired the property in 2012 after the relocation of reinsurer Gen Re, which is now headquartered at 120 Long Ridge Road.
Professional-services firm Deloitte led the property’s comeback. Since 2014, it has occupied about 120,000 square feet at 695 E. Main.
Other BLT office properties in Stamford include the under-construction towers at 406 Washington Blvd., which will house the new headquarters of Charter Communications. In addition, BLT has developed more than 3,000 apartments in the past decade in the Harbor Point neighborhood of the city’s South End.