The Stamford office of Cushman & Wakefield has been named exclusive leasing agent for Pickwick Plaza, a three-building, 280,000-square-foot, Class A office complex that fronts on Greenwich Avenue in Greenwich.
New York City-based Kensico Properties, the owner of Pickwick Plaza, is planning renovations to the complex at the crest of the famous thoroughfare. Cushman & Wakefield, in a statement, said the effort is a “multimillion-dollar capital improvement program.”
Cushman & Wakefield”™s Jay Hruska, vice chairman; Tara Stacom, executive vice chairman; Torey Walsh, director; Connor Daugstrup, associate; and Scott Silverstein, senior leasing associate, are the leasing agents for the property.
Pickwick Plaza is managed by real estate investment, development and property management firm Hines. Recent transactions there include Performance Equity Partners”™Â 11,500-square-foot lease and Oak Management”™s 6,800-square-foot lease.
Kensico Properties will revamp Pickwick Plaza, the statement said, “and bring it back to its distinguished status.” Work will include remaking main lobbies, elevators, common corridors and bathrooms in all three buildings; a new façade and store fronts on Greenwich Avenue will be constructed.
Additionally, a new entryway from Greenwich Avenue with a water feature will be created; landscaping will be redone throughout the property, and the entrance to the four-story, underground garage will be replaced with a new E-Zpass-style security pass and a high-speed door.
Alan Zimmerman, executive vice president of Kensico Properties, said, “Our goal with Pickwick Plaza is to bring it back to its pre-eminent status as the finest office property in the New York suburban market. I”™m confident that the top-to-bottom renovation we”™re planning will attract more ”˜blue-chip”™ tenants that will complement our prestigious roster of companies, which includes Deutsche Bank, Interactive Brokers, Merrill Lynch and JPMorgan Chase.
“We”™re particularly pleased to partner with Cushman & Wakefield”™s Jay Hruska, Tara Stacom and their teams,” Zimmerman said. “Kensico Properties doesn”™t usually work with outside brokerage firms, but having this exceptional team represent Pickwick Plaza in the marketplace will enhance our efforts tremendously.”
The complex was originally home to Xerox. It was awarded an Energy Star label in 2013 for its operating efficiency.
Kensico Properties is a privately held real estate investment firm with assets that include 509 Madison Ave. and The Lowell Hotel in Manhattan and Pickwick Plaza and 55 Railroad Ave. in Greenwich.
This article has been updated to correct the leasing agent named in a summary appearing on this website and on the Fairfield County Business Journal’s News @ Noon newsletter. Cushman & Wakefield is the exclusive leasing agent for Pickwick Plaza.
