STAMFORD – New York City-based RFR Holding has begun the modernization of 300 Atlantic St. downtown after a $40.75M office refinancing that was facilitated through Newmark Group.
Last week RFR unveiled plans to add more than 10,000 square feet of new amenity spaces, including an expansive tenant lounge, a high-end boutique café, fitness center, more meeting spaces, new exterior lighting and a new streetscape design.
The 300,000-square-foot office building is home to PwC, Charles Schwab, Johnston Asset Management, Northern Trust, CellMark, and Fidelity Investments.
“We view 300 Atlantic as Stamford’s preeminent office property, considering its visibility and prominent location within a modern downtown environment, and we are committing new capital as long-term owners,” said AJ Camhi, executive vice president and director of leasing of RFR. “Our investment in thoughtfully crafted amenities, well-designed pre-built suites, and a refreshed exterior is intended to realize the full potential of the property’s outstanding location at the center of all that Stamford has to offer, with easy access to Stamford Train Station, restaurants, retail, hospitality, residences, nightlife, and Stamford Harbor.”
RFR’s planned repositioning of 300 Atlantic is enabled by a recent recapitalization of the property through RFR US, a new entity led by Aby Rosen, Gaby Rosen, and Charlie Rosen, with a focus on growing the firm’s U.S. investments.
The 13-story office building is situated at the intersection of Atlantic Street and Tresser Boulevard, offers frontage on two main thoroughfares. It is surrounded by more than 10,000 new multifamily residences and another 2,500 units currently under development, plus a wide array of dining options within walking distance.
RFR has tapped a Newmark team comprised of James Ritman, Brian Carcaterra and Benjamin Goldstein to spearhead the leasing efforts.
Newmark announced earlier this month that it had closed on four Stamford deals in the past 30 days. In addition to 300 Atlantic St., the other financings were for Metro Center, the Stamford Marriott and Canterbury Green.
300 Atlantic Street Owner LLC, which is affiliated with RFR Realty, has owned 300 Atlantic St. since 2007 when it purchased it from CT-Stamford Atlantic Forum LLC for $151 million, according to city property records.
RFR’s repositioning of 300 Atlantic also includes a new offering of high-end prebuilt suites. Overall, current availability consists of 188,772 square feet, with flexibility to accommodate requirements ranging from 2,500 square feet to more than 100,000 square feet across multiple floors.
