News: Owners Developers & Managers

Cushman & Wakefield arranges 3 lease renewals totaling 21,152 s/f

Greenwich, CT Cushman & Wakefield has arranged three lease renewals totaling 21,152 s/f at 55 Railroad Ave., a 139,000 s/f class A office building.

Kensico Capital, a financial services firm, signed an 11,016 s/f lease. LoanCore Capital, a privately held asset management firm, signed a 6,311 s/f lease. Centerbook Partners, a global alternative investment firm, signed a 3,825 s/f lease.

Cushman & Wakefield’s Jay Hruska represented the landlord, Railroad Properties LLC, in the transactions. Kensico Capital was represented by JLL’s Ed Tonnessen. LoanCore Capital Markets was represented by Steve Anderson. Centerbook Partners was represented by Newmark’s Steve Banker.

“We are thrilled these tenants have chosen to remain at 55 Railroad Ave. The property’s prime location, accessibility and proximity to amenities makes it a great fit for a variety of tenants,” said Hruska. “Office leasing activity has remained strong in the Greenwich Central Business District over the first quarter.”

55 Railroad Ave. features a renovated Robert A.M. Stern entrance and lobby, exclusive outdoor gardens and meeting space, 24/7 manned security and parking.

Located across from the Greenwich Metro North Station, the property has immediate access to I-95. The property is surrounded by a multitude of amenities, including numerous dining, retail and entertainment options.

MORE FROM Owners Developers & Managers

Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains