CB Richard Ellis officials say that Arch Capital Services will relocate from approximately 9,000 sf of space at 20 Horseneck Lane in Greenwich to its larger quarters at the Reckson Metro Center complex at 360 Hamilton Ave. by late 2004. Paul Jacobs and Colin Reilly of CBRE's Stamford, CT office negotiated the terms of the lease on behalf of Arch Capital Services. Reckson Associates, owner of the 380,625-sf property, was represented in-house by Joe Caruso.
Arch Capital will join a tenant roster at the Reckson Metro Center that currently includes: Merrill Lynch, Heineken USA, Prudential Insurance, Wachovia Securities and Bradford Equities Management.
The deal with Arch Capital is one of a number of significant lease transactions at the Reckson portfolio in recent times. Earlier this month Kraft Foods announced it had signed an expansion lease for another 54,000 sf of space at Reckson's 120 White Plains Rd. building in Tarrytown. The company now leases more than 132,000 sf at the property. A month earlier, Reckson reported a major deal at one its holdings in Connecticut. The Atrium Cos., a manufacturer and distributor of residential vinyl and aluminum windows and patio doors, signed a lease for 78,877-sf at 710 Bridgeport Ave. in Shelton.
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