A knowledgeable source says that AQR has the right to expandtheir leased space at both Greenwich Plaza and Greenwich OfficePark. AQR Capital Management, which has more than $35 billion oftotal assets under management, relocated to Greenwich from New YorkCity in 2004.
Jay Hruska, executive vice president of Cushman & Wakefieldand exclusive leasing agent for the property, along with Hines vicepresidents Frank Saphire and Bart Swenson represented the buildingowner, a partnership of Hines and the Willett Cos. David HoffmanJr., executive managing director/principal of Colliers ABR Inc. andPatricia Frisch of Frisch & Frisch, represented AQR.
The Willett/Hines partnership acquired the 126,810-sf officebuilding in June 2005 in a sale-leaseback transaction with Unileverfor $87.5 million. Unilever Home & Personal Care is currentlythe building's sole tenant and will begin vacating the building inearly 2008.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
