Newmark Secures New Office Location for Balyasny Asset Management in Connecticut

January 22, 2025 9:00 AM

Newmark announces it has secured a 10,464-square-foot office lease at 2187 Atlantic Street in Stamford, Connecticut. With the transaction, Balyasny Asset Management — Dmitry Balyasny’s hedge fund — will occupy the Class A property’s seventh floor. Newmark Executive Managing Director Cory Gubner and Managing Director Benjamin Goldstein are the exclusive leasing agents at the property and represented the landlord, 2187 Atlantic St. LLC in negotiations.

“The ongoing trend of financial services firms expanding and/or relocating to Greenwich and Stamford highlights the area’s appeal, particularly in vibrant locations like Harbor Point,” said Goldstein. “Stamford offers a blend of accessibility, modern office environments, lifestyle amenities and financial services talent that continues to attract top-tier tenants.”

This transaction marks the hedge fund’s first location in Stamford. Balyasny Asset Management is maintaining its existing location in Greenwich, which spans approximately 25,000 square feet, as well as its newly expanded space in New York City.

2187 Atlantic Street is a newly renovated, 110,000-square-foot office asset in the heart of Stamford’s Harbor Point. Due to the property’s highly desirable location and renovation, the building has reached 87% occupancy, with six new leases and a renewal signed since January 2023. Amenities at the building include a fitness center and shuttle service to and from the nearest train station, which provides access to New York City via a 53-minute commute.

According to Newmark Research, Fairfield County’s office market has gained at least 90 new tenants from outside the county since 2020, with more than 65 of those tenants being concentrated in the financial services industry. Many of these tenants have also come from New York City, representing one of the largest and most unique shifts of corporate relocations from a major urban market to a suburban area in the United States.

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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