News: Front Section

Ritman of Newmark Grubb Knight Frank represents RSR Partners in 9,412 s/f lease at 600 Steamboat

According to Newmark Grubb Knight Frank (NGKF), RSR Partners is relocating its corporate headquarters to the newly repositioned 600 Steamboat building. The building's transformation into a first-rate office mirrored the company's desire to project its rapid growth as a leading firm in its industry. The executive recruiting firm inked a 9,412 s/f lease and is the first tenant to take advantage of the new amenities offered by 600 Steamboat. The firm occupies 5,537 s/f of space in its current location. James Ritman, managing director with NGKF, represented RSR. Jones Lang LaSalle represented the owner. "GRC Realty's high standards have made 600 Steamboat one of the best office buildings in Fairfield County and we are pleased to be its first tenant," said Russ Reynolds, chief executive officer of RSR Partners. "We are excited about the prospect of moving into our new space in the fall, and maintaining our presence in Greenwich since 1993." Built in 1972, the 180,000 s/f building at 600 Steamboat has undergone a massive renovation by its owner GRC Realty. The class A office building features 450 covered parking spaces, food service and waterfront location on Greenwich Harbor. The office's proximity is two tenths of a mile from the Metro-North train station and has easy access to I-95. "As one of the premier board and leadership recruiting firms in the country, RSR Partners has worked with many of the leading companies in Connecticut. This is an exciting period for our company as we have expanded our reach and capabilities to meet the changing needs of our clients," said Brett Stephens, chief operating officer of RSR Partners. "It was important for us to have our headquarters represent our commitment to quality and excellence in everything we do." Renovations on 600 Steamboat continue, and they include new windows, roof, and newly refinished lobby along with upgrades to the mechanical, electrical and plumbing systems. The building formerly served as the headquarters for General Reinsurance Corp.
MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.