STAMFORD, CT-Sorin Capital Management is about to relocate its corporate headquarters from New York City to 17,500 sf of space on the 12th floor of 400 Atlantic St. here. Sorin signed an eight-year sublease deal with International Paper.

Brian Carcaterra, managing director of Newmark-Knight Frank’s Stamford office, represented Sorin Capital Management. Jay Hruska, executive director of Cushman & Wakefield of Connecticut, represented International Paper.

Carcaterra says that Sorin Capital Management is scheduled to move in to its new headquarters space on Nov. 30. The firm had focused primarily on the Stamford office market in its office search and required additional space to accommodate future growth “The suburban markets offered greater value in terms of affordability and proximity to some of the executives’ residences,” he notes. Eventually Sorin hopes to have about 40 employees working out of its Stamford HQ, Carcaterra adds.

Sorin will be moving out of approximately 3,000 sf of space it occupies at 780 Third Ave. in Manhattan that currently serves as its HQ. Carcaterra says that Sorin will retain a presence in New York City at an as yet unspecified location. The firm will likely maintain about a 1,500-sf office in the city.

International Paper corporate headquarters was moved from Purchase, NY to Stamford in December 2000 shortly after International Paper’s purchase of Champion International. The 400 Atlantic St. property was built in 1981 and served as the headquarters for Champion. International Paper, now headquartered in Memphis, subsequently entered into a sale-leaseback transaction for approximately 132,000 sf of space at the 400 Atlantic St. property with the Landis Group of Stamford in a deal valued at $105 million. In 2005 International Paper announced it would relocate its corporate headquarters from Stamford to Tennessee.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.