Investment firm to relocate HQ
Greenwich private equity firm General Atlantic L.L.C. will move its headquarters from 3 Pickwick Plaza to 600 Steamboat Road after signing an 11-year lease for 29,400 square feet of space.
General Atlantic has more than 80 investment professionals and more than 200 employees spread across offices in the U.S., London, Germany, India, Hong Kong, China, Brazil and Singapore.
The firm primarily makes minority investments ranging from $75 million to $400 million in companies spanning business services, emerging markets, energy and resources, financial services, health care and technology, among other areas.
In all, General Atlantic invests about $2 billion in 10 to 12 new companies each year.
Both General Atlantic and GRC Realty Corp., which owns 600 Steamboat Road, were represented by Jones Lang LaSalle (JLL).
The 180,000-square-foot building, constructed in 1972, is in the midst of a multimillion-dollar capital improvement project. The property previously served as the headquarters for General Reinsurance Corp., and later was solely occupied by RBS Greenwich Capital Markets.
General Atlantic was represented by JLL’s Robert Martin and Gil Ohls, while the property owner was represented by Brian Higgins, Chris Kraus, George Walter and Ethan Rice, who worked closely with Michael Rea of GRC Realty.