Newmark Facilitates Guggenheim’s Office Expansion and Relocation to Stamford, Connecticut

December 19, 2024 9:00 AM

Newmark announces the firm has arranged a 10,573-square-foot lease for Guggenheim Partners at First Stamford Place, a Class A office campus in Stamford, Connecticut. The transaction marks the company’s expansion and relocation of its office in Darien, Connecticut. Newmark Executive Vice President and Managing Director James Ritman, Executive Managing Director Gregory Frisoli and Managing Director Benjamin Goldstein are the exclusive leasing agents at the property.

Dating back to the 1800’s and founded by the renowned Guggenheim family, Guggenheim Partners is a leading financial services and alternative asset management company. The company’s relocation to First Stamford Place, where it secured an 11-year lease, was due in part to the building’s proximity to the Stamford Train, access to I-95 and prebuilt office space solutions.

“This transaction showcases Stamford’s continued growth as a financial services hub,” said Ritman. “We are pleased to have secured a tenant of Guggenheim’s caliber on behalf of ownership at First Stamford Place.”

First Stamford Place comprises three architecturally similar mirrored glass office towers – 100, 200 and 300 First Stamford Place, which total approximately 778,271 square feet. The campus sits on 15 acres, at Exit 7 off Interstate 95 and near the Connecticut Turnpike, the major thoroughfare connecting New York City with the New England States. Amenities at the campus include a new tenants-only fitness center with state-of-the-art equipment and locker facilities, a renovated and expanded kitchen and dining facility, upgraded common area corridors, renovated restrooms and elevator cabs, a new building management system, a structured parking garage with direct access to the buildings and around-the-clock security.

Savills and Bradford Allen represented the tenant in the lease transaction.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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