Newmark Facilitates 15,000-SF Lease for Sterling Investment Partners to Relocate to Greenwich at Newly Renovated 145 Mason Street

September 25, 2024 9:00 AM

Newmark announces it has secured a new 15,000-square-foot lease on behalf of ownership, Win Properties ("Win-Wich, LLC") at its newly renovated office building, 145 Mason Street, in Greenwich, Connecticut. The transaction welcomes leading private equity firm Sterling Investment Partners ("Sterling"), who signed a long-term lease to occupy nearly half of the building. Newmark Executive Vice President and Managing Director James Ritman, Senior Managing Director Allan Murphy and Managing Director Ben Goldstein represented ownership on the transaction.

"We are excited to welcome a best-in-class tenant like Sterling Investment Partners to its new home in Greenwich, 145 Mason," said Ritman. "We look forward to working collaboratively to identify and secure complementary tenancy for the remaining availability."

Charles Santoro, Founder & Managing Partner of Sterling, and James Soldano, Partner, added, "145 Mason Street stood out to us as the ideal location for the new headquarters of our growing organization. With its state-of-the-art amenities and proximity to downtown Greenwich and New York City, our entire organization is excited for this move and is looking forward to becoming a part of the Greenwich community."

145 Mason recently completed a virtual rebuilding of the property interior and exterior led by Studios Architecture, an international design firm. The work, done by A.P. Construction, included replacing most exterior facade, installation of new operable windows, an expanded and modernized lobby, improved entry stairs, walkways and elevators, state-of-the-art security features, two levels of upgraded parking with electric car charging stations and high-load building electrical capacity. Additionally, ownership further modernized the asset's infrastructure by implementing a series of sustainable upgrades that included highly energy-efficient building systems, including HVAC, roofing, insulation, and Merv 13 air filtration with tenant-controlled VRF heating and cooling systems. The building also benefits from having a backup generator, which will allow tenants to operate during times of power disruption.

The asset offers convenient access to the Metro-North Greenwich train station, which has express service to Grand Central Station in under 50 minutes. It is also easily accessible to I-95 and is just a few steps from the iconic Greenwich Avenue, which features numerous high-end retailers and a bustling restaurant scene.

"The hard work of reimagining 145 Mason Street is a testament to our firm's commitment to providing top-tier properties for the region," said Jonathan Kallman, President at Win Properties. "We are confident that with Newmark's guidance, we will continue to witness milestones at this highly desirable property."

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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