Newmark Grubb Knight Frank (NGKF) is pleased to announce that it has been selected as the exclusive leasing agent at 330 Railroad Avenue in Greenwich, Connecticut. Richard Granoff of Granoff Architects and partner Jeffrey B. Mendell of Greenwich Development Partners have recently acquired the building and have committed to extensive renovations to reposition the property as a 3-story, 25,000-square-foot, Class A office building.
The iconic building at 330 Railroad Avenue was built in 1928 with a spectacular location just two blocks from the Greenwich train station, a short walk to retail and dining on Greenwich Avenue and one block from an I-95 entrance ramp. Prior to the building’s purchase, Connecticut Light & Power, now Eversource, utilized the property as a maintenance and repair facility. “Granoff Architects has been looking for a building to call its own for over a decade,” said company president, Rich Granoff. “The right opportunity finally presented itself here in downtown Greenwich.”
The renovation will produce a state-of-the-art Class A office building with a cool and contemporary style that merges with its industrial roots -a distinctly different offering as compared to the more traditional suburban office properties in the surrounding submarket. The industrial “bones” of the building will be retained to keep the character and charm of exposed brick and 12-14 foot ceilings, but in most other respects the building will be completely reimagined. There will be new windows, restrooms, elevator, HVAC, electrical service, plumbing, fiber-optic wiring, LED lighting, 24/7 security, landscaping, indoor garage spaces and even a rooftop solar installation. With LEED gold certification pending, 330 Railroad Avenue aims to be the most environmentally friendly office building in Greenwich upon its completion.
“With its new distinct and contemporary loft-style office space, 330 Railroad Avenue will be unique in the Greenwich market and have a look and feel similar to high-tech conversions that are occurring in Soho, Tribeca, and Brooklyn,” commented Murphy.
Granoff Architects expects to occupy most of the first floor as its headquarters beginning in January 2017, leaving 17,000 square feet of space available for lease, including the entire top floor of over 12,000 square feet. NGKF’s Executive Vice President and Managing Director James Ritman and Managing Director Allan Murphy will manage leasing for the property. More information on the property and leasing is available at www.330Railroad.com.
About Newmark Grubb Knight Frank
NGKF is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.