New York City-based Clarion Partners, which represents the Oregon-based public retirement pension fund that owns the Greenwich Office Park, and Stamford-based CBRE began in 2012 to upgrade the wooded nine-building complex on Weaver Street.
The companies recently hosted a breakfast in the 40,000-square-foot Building 1 for 75 businesspeople to showcase what they have accomplished. The campus dates to the 1970s.
Improvements totaling $14 million include the full-scale renovation of the facade and infrastructure of Building 1 to LEED (Leadership in Energy and Environmental Design) standards, plus major improvements to entries, common areas and bathrooms across the campus in several buildings. Landscaping details include extensive stone work, an aerated pond and a green roof garden.
In Building 1 ”” called “virtually new” after its to-the-steel renovations ”” half-length windows were replaced with floor-to-ceiling windows that on the autumn day of the rollout presented a storybook New England workspace.
Ongoing projects include continued landscaping upgrades and improved outdoor seating throughout the park, new exterior signage, renovated lobbies in buildings 2 and 5, new restrooms in Building 5, renovated fitness center vanity and shower areas, further café upgrades, new lobby artwork and furniture throughout the park, the addition of a keyless entry system, and heating, ventilation and air conditioning replacements.
The park”™s lead leasing agent, CBRE Senior Vice President David Block, said targeted tenants will be seeking spaces that range from 1,000 square feet to 70,000 square feet.
“We”™re very excited about the optionality we have,” said Margaret Egan, senior vice president for Clarion Partners.
Block said, “We”™ve seen an incredible amount of activity here ”” a fivefold increase in inspections recently.
“It was always Class A,” he said. “Now you can refer to this as Class A-plus.”
The park operates a shuttle to the Greenwich train station.
Block said rents will be in the $40- to $50-per-square-foot range ”” competitive with Westchester County, N.Y., and Stamford and less expensive than downtown Greenwich.
“It”™s very unique and very impressive,” Egan said of the park. “Its positive aspects of light and air are certainly pluses. I don”™t know of anyone who has anything like it on the market.”
