State of the art and state of the market
- 100 West Putnam in Stamford
Steven Greenbush, a senior vice president in CBRE”™s Fairfield and Westchester County office in Stamford, is currently marketing space at 100 W. Putnam Ave. in Greenwich, two multitenant office towers with a total 150,000 square feet. The towers are connected by a remade, four-story glass atrium and currently list 43,925 square feet of available space across two floors: 15,430 square feet on the second floor and 28,495 square feet on the fourth floor.
Current tenants include JPMorgan, AXA, Strategic Value Partners and Alinda Capital. They enjoy a location a block from Greenwich Avenue, energy-efficient windows, on-site generator, fitness center, security and concierge lobby service.
Greenbush, who said he hears the address called the finest property between Boston and New York City, answered questions about the building and the effort to fill it.
- Steven Greenbush (Photo by Bill Fallon)
FCBJ: Who built it and what is its recent history?
Greenbush: “100 West Putnam was built as the corporate headquarters for U.S. Tobacco and gut renovated by Antares from 2007 to 2008 in a design by Perkins. Current owner Torchlight took over the building in 2012.”
FCBJ: What constitutes state-of-the-art today?
Greenbush: “Multiple fiber providers, generators and energy efficiency are a few markers.”
FCBJ: Beyond amenities, what are potential clients looking for?
Greenbush: “Proximity to the train, a dedicated shuttle, the ability to walk to shops and restaurants, concierge services, parking, lots of windows, efficiency of floorplates and financially sound owners are all very important to the potential tenants we”™re seeing.”
FCBJ: What do you hear from those who tour 100 W. Putnam Ave.?
Greenbush: “I”™m hearing that this is the highest-quality building between New York and Boston. They have also been noting its impressive finishes and the roster of services and amenities it provides.”
FCBJ:  We have been reporting for a year on a retreat in financial sector jobs regionally. Is another industry stepping in to fill the high-end quarters of those companies? Is this even an issue?
Greenbush: “No. We still have enough interest from financial firms, whether banks, hedge funds or private-equity firms.”
FCBJ: Please define briefly the typical building that is no longer popular on the market today.
Greenbush: “Buildings that lack parking and accessibility and older buildings are very challenged today. As well as buildings with no amenities.”
FCBJ: What additional offerings will a state-of-the-art commercial building possess in the future? What will they offer?Â
Greenbush: “I believe that more flexible floorplates, open work spaces, co-working spaces (lobbies, courtyards, etc., with Wifi) are all on the horizon.”