In a sizeable expansion, the New York City-based hedge fund Millennium Partners L.P. renewed a lease at 1700 East Putnam Ave. in Greenwich, with its more than 40,000 square feet nearly double the original space it secured there in 2006.
Cushman & Wakefield and Newmark Grubb Knight Frank reported the lease, listing it among the most notable of the third quarter in Fairfield County.
Cushman & Wakefield stated leasing volume through the first three quarters was the second lowest of the past 10 years.
“Despite the lackluster numbers, there is significant promise in the future for the Fairfield County office market,” said Jim Fagan, senior managing director in Cushman & Wakefield’s Stamford office, in a prepared statement. “Stamford is being transformed right before our very eyes ”“ new residential projects are thriving in Stamford’s South End, new restaurants are opening, there’s the possibility of ferry service to Manhattan, unique venues like Chelsea Piers Connecticut have opened and our employer base is becoming more diversified with companies like NBC Sports. All of these factors are contributing towards making Stamford a more dynamic place to work.”
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