Cushman & Wakefield today announced that Northwestern Mutual, a renowned life insurance and financial services company, will be relocating to 274 Riverside Avenue in Westport, CT. The company leased 11,575 square feet of office space with incredible water views and will occupy the entire 4th floor.
As the exclusive leasing agent, Cushman & Wakefield’s Adam Klimek, director, represented the landlord, Lexham Properties, the tenant was represented by Colin Reilly, senior vice president of CBRE.
Marc Lewis, managing member of Lexham Properties said, “We are happy to welcome such a prestigious brand into our building and we look forward to a long partnership.”
Mr. Klimek said, “The building was an obvious choice for Northwestern Mutual, which had been located across the street at 285 Riverside Avenue for 10 years. 274 Riverside Avenue offered them more prominent river views from a higher floor in a building that has been renovated to accommodate just this cachet of tenant.”
274 Riverside Avenue is a five-story, 48,121-sf Class-A, boutique office building overlooking the Saugatuck River. It is 95 percent leased with just 3,100 square feet on the penthouse level available. The building offers a very convenient location with easy access to I-95, the Metro North train station and upscale Westport restaurants and shopping.
About Lexham Properties:
Lexham is a private commercial real estate company with more than 20 years of experience in real estate acquisitions, fund management, real estate investment advisory, capital structuring, and market knowledge. Their vast connections and expertise have produced investment opportunities directly from principals, as well as with a large network of market participants including the brokerage community.
For more information go to www.lexhamrealty.com/contact/html
About Cushman & Wakefield:
Cushman & Wakefield is the world’s largest privately held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and management assignments. Founded in 1917, it has approximately 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has nearly $4 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.