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One Dock Street’s Success Continues After Recent NKF Deals in Stamford, CT

Stamford, CT (10/17/2019)

10:00 AM

Global commercial real estate advisory firm Newmark Knight Frank (NKF) is pleased to announce a series of new leases at One Dock Street in Stamford, Conn. NKF's Senior Managing Director Tim Rorick and Associate Jack McDermott represented landlord, Juster Properties and ClearRock Properties, in a series of transactions totaling over 32,000 square feet of new leases.

An undisclosed tenant took the entire 5th floor comprising 16,713 square feet, and The Cholula Food Company signed for 11,500 square feet on part of the 6th floor along with the entire 7th floor. Both tenants were represented by James Ritman, executive vice president and managing director, and Janey Steinmetz, associate director at NKF. The two new leases, along with an expansion that nearly tripled the footprint of current tenant Six One Commodities to 4,600 square feet, made up the bulk of the building's recent leasing activity.

The modern loft-style of the revived and repurposed factory, as well as ease of access to nearby highways and the Stamford Metro-North train station, made the office building a particularly appealing destination for both tenants. The building also offers proximity to nearby restaurants and retailers, manned security, a café and full generator backup.

"The demand for train-centric office product remains strong, as evidenced by these new leases," said Rorick. "Office space that offers a convenient location with a modern twist is hard to come by. We are pleased with the outcome for both the tenants and ownership."

"We are excited to see the full floor transactions that are taking place at One Dock Street," said Doug Winshall, managing principal at ClearRock Properties. "We've always believed that these efficient floorplates would profile well for large users and are happy to see not one, but two new tenants take advantage. We look forward to continuing to develop our relationship with our existing tenants and new tenants alike."

NKF also assisted with the relocation of two current tenants in the building to accommodate the larger space requirements of the two new tenants. Currently, three small, high-end pre-built spaces remain available at One Dock Street, featuring rustic details including exposed brick, wooden beams and barn doors.

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents. NKF's investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group's Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

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Deb Bergman
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Newmark Knight Frank
T 303.260.4307