PRESS RELEASE: Robust Leasing At Greenwich's 55 Railroad And Pickwick Plaza

GREENWICH, CT  – As a testament to the desirability of well-located Class-A office space in Greenwich, two of the city’s commercial trophies, Pickwick Plaza and 55 Railroad Avenue, have benefited from recent transactional activity that includes approximately 220,000 square feet of new leases and renewals. Moreover, several of the renewals were signed one- and two-years in advance of lease expiration. Both buildings share a pedigree of excellence in ownership by Kensico Properties and management by Hines and are among the few commercial properties in the area with on-site, reserved parking.

“Successful organizations require office environments with efficient management, top-flight infrastructure and attractive interiors,” says Alan Zimmerman, executive vice president of Kensico Properties. “Our Greenwich properties take those criteria a step further by providing ample reserved parking, beautiful lobbies and lush landscaping.”

Pickwick Plaza is an office complex with its own branded address, three separate buildings and an annex. Within the past couple years, a series of upgrades have been implemented at Pickwick Plaza, such as the renovation of its impeccable 846-space underground garage for reserved parking. Other programs now underway include the revitalization of 9,000 square feet of retail space along Greenwich Avenue, upgrades to the interior plaza comprising new landscaping, water sculptures and a dramatic main entrance area, and renovations of the common areas, including elevator lobbies. 

The current availabilities at the complex are at 3 Pickwick Plaza, comprising the entire 28,000-square-foot second floor and a portion of the third floor with nearly 13,000 square feet. Both plug-and-play, pre-built floors are fully furnished with contemporary blond wood finishes and glass-walled perimeter offices. The third floor additionally features views of the Long Island Sound.

55 Railroad is best known for its striking façade and premier location directly across from the Metro North train lines. But the building’s profile is also bolstered by a striking Robert A.M. Stern-designed lobby and private interior plaza with shaded tables and seating, bordered by a massive waterfall.  A much coveted address, the only availability at 55 Railroad Avenue is an expansive first-floor office with approximately 11,000 square feet of turn-key space, featuring glass-walled offices with perimeter windows, a stainless-steel kitchenette, fully-equipped fitness room and interior bathrooms.

Both properties boast tenant rosters with Fortune 100 companies and leading financial services firms, such as Deutsche Bank, IBG, JPMorgan Chase and Merrill Lynch at Pickwick Plaza; and Bank of America, Viking Global Investors and Ziff Brothers at 55 Railroad Avenue, among others. More information about the buildings is available by calling Mr. Zimmerman at 212-687-3500.

About Kensico Properties

Kensico Properties is a privately-held real estate investment firm with commercial and hospitality assets, most notably 509 Madison Avenue and The Lowell Hotel in Manhattan, and Pickwick Plaza and 55 Railroad Avenue in Greenwich, CT.

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