Newmark arranges HB Nitkin’s acquisition of 280,589 s/f office buildings

Stamford, CT According to Newmark, the HB Nitkin Group, an owner and investor, has acquired Metro Center, one of the city’s most iconic and strategically located office buildings. The acquisition reflects continued confidence in the downtown office market.

Co-head of U.S. Capital Markets Adam Spies and executive managing director Kevin Welsh arranged the sale on behalf of the undisclosed seller, executing a competitive process for the 280,589 s/f Class A office property, one of the market’s most coveted transit-oriented assets. In conjunction with the acquisition, vice chairman Christopher Kramer and director Chris Lozinak, in collaboration with co-president of Global Debt & Structured Finance, Jordan Roeschlaub, arranged a $51.8 million acquisition loan on the buyer’s behalf, led by Knighthead Funding.

Metro Center has secured significant new leasing activity, including commitments from Robinson + Cole, one of the region’s law firms, and Roth Capital, a nationally recognized investment bank. Newmark will continue to serve as exclusive leasing agents at the property, a role they have held since 2019.

HB Nitkin Group plans to invest meaningfully in the property, with planned improvements including upgraded tenant interiors and prebuilt suites, a redesigned arrival experience and lobby, modernized amenities and enhanced parking facilities. These initiatives are intended to further elevate Metro Center’s position as the leading boutique office building in Stamford, tailored to tenants seeking convenience, quality and direct connectivity to the adjacent Amtrak and Metro-North station.

Located at 1 Station Pl., directly adjacent to Amtrak and Metro-North station, Metro Center has long been recognized as one of Stamford’s top office assets, distinguished by its boutique scale, structured parking, comprehensive amenity offering and transit-oriented location.