Cushman and Wakefield's Paul H. Kauffman, executive director, and Stephen F. Baker, senior director, represented Quebecor, while Paul Jacobs of CB Richard Ellis represented Sagamore. The building owner is 1881 Limited Liability Co.
Commenting on the deal, C&W's Baker says, "This location is extremely attractive to financial services tenants because of the floor sizes, building and area amenities, location and close proximity to Metro North Railroad and access to New York City." He adds that Sagamore Hill Capital Management selected the 10 Glenville St. space due to its proximity to its existing offices at Greenwich Office Park.
Cushman & Wakefield officials note than an additional 7,759 rentable sf of Quebecor World USA space is still available for sublease through May 30, 2008. Tenants could extend the lease beyond that term through the cooperation of the landlord, they add.
Sagamore joins an ever growing roster of hedge funds and asset management firms who have a presence in Greenwich. Deals signed in the past few months include Amaranth Advisors' expansion for 123,000 sf of space at the Greenwich American Centre complex and Applied Quantitative Research Capital Management LLC's 21,737 sf of space at Two Greenwich Plaza.
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