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Newmark sells Greenwich property to RFR Holdings.



In one of Greenwich, CT's most significant prime office/retail building sales this year, 200 Greenwich Avenue, has been purchased by German-based RFR RFR Radio Frequency Radiation
RFR Request For Resources
RFR Right of First Refusal
RFR Radio Free Roscoe (TV show)
RFR Risk-Free Rate (investing)
RFR Rio Frio, Costa Rica
 Holdings, a real estate investment company, for $16.25 million.

Newmark & Company Real Estate Inc., exclusive leasing/sales agent for the trophy, Class A, 47,569 square-foot mixed-use building, negotiated the deal on behalf of the building's owner, Japan Leasing of New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
. Newmark's John D. Goodkind and Stephen M. Banker, along with New York-based James D. Kuhn and David Noonan, who arranged the sale, were also instrumental in negotiating a long-term lease for Greenwich Capital Markets, the finance arm of Gleacher Nat West (the parent company is London-based National Westminster Bank plc) on the third floor of the property.

"At a time when Greenwich Avenue has become so upscale that it is generally considered the East Coast's Rodeo Drive Rodeo Drive (IPA: /roʊˈdeɪoʊ/) generally refers to a famous three-block long stretch of boutiques and shops in Beverly Hills, California, United States, although the street stretches further north and south. , it's not surprising that 200 Greenwich Avenue was snapped up so quickly," said Goodkind, who added that the building had only been on the market for a relatively short period of time. The building's office component is now fully occupied.

Not surprisingly, there has also been great interest in 200 Greenwich Avenue's abundant ground floor retail space. Thus far, CP Shades and Ann Taylor Notable people named Ann Taylor include:
  • Ann Taylor (NPR newscaster), American radio personality
  • Ann Taylor (poet) (1782-1866), poet and children's writer
  • Ann Taylor, Baroness Taylor of Bolton (born 1947), UK Labour Party politician
 have made long-term commitments. Downtown Greenwich is already home to The Limited, Banana Republic banana republic
n.
A small country that is economically dependent on a single export commodity, such as bananas, and is typically governed by a dictator or the armed forces.
, Henry Lehr, Ralph Lauren, Baccarat baccarat (bä`kərä', băk`–, Fr. bäkärä`), French card game formerly widely played in European casinos but now supplanted in popularity by chemin de fer. , numerous diverse expensive restaurants, and the recently opened Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New  Women's Store, which is situated directly across the street from 200 Greenwich Avenue.

Banker pointed out that Greenwich, CT's Class A office vacancy rate is, at just under 3.5 percent, the lowest it's been for years. "Plus, the building is truly a showcase in design and amenities and offers four levels of covered parking, a magnificent European-style balcony which surrounds the third-floor penthouse space, and a prime position on Greenwich Avenue with easy access to the Greenwich train station and major highways en route to New York City," he said.
COPYRIGHT 1997 Hagedorn Publication
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Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Newmark and Company Real Estate Inc
Publication:Real Estate Weekly
Date:Nov 12, 1997
Words:329
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