JRT Realty Group, Inc. Awarded 539,000-SF Leasing Assignment For Class-A Executive Office Buildings
19 Mar, 2007, Wilton, CT
Assignments in Past 60 Days Increase Leasing and Asset Management Portfolio By 1.5 Million SF
JRT Realty Group, Inc., has been named as the exclusive leasing agent of two Class-A office buildings totaling 539,000 square feet in Wilton, Conn., announced Jodi Pulice, founder and president of the nation’s largest woman-owned commercial real estate services firm. The properties, located at 10 and 20 Westport Road, are owned by TIAA-CREF, the national financial services organization.
JRT Realty, along with its alliance partner Cushman & Wakefield, the world’s preeminent commercial real estate services firm, will provide a full range of commercial leasing services, including strategic planning, marketing and property repositioning. The firm provides leasing and asset management services at more than 150 buildings, totaling over 13 million square feet of office and industrial space, which includes a portion of TIAA-CREF’s national portfolio. Headquartered in Manhattan, JRT Realty collaborates with real estate professionals in Cushman & Wakefield’s 195 field offices, including the Stamford and Hartford, Conn. branches.
“In just the past two months, JRT Realty and Cushman & Wakefield have been awarded 1.5 million square feet of office product nationwide, expanding our joint leasing and asset management portfolio to approximately 9.5 million square feet,” noted Pulice. “Since forging a ‘first-of-its-kind’ strategic alliance in 2003 between a certified woman-owned commercial real estate services firm and a world-renowned industry leader, JRT Realty’s affiliation with Cushman & Wakefield has resulted in numerous prominent assignments, including the Westport Road properties.”
Situated in the heart of Fairfield County in western Connecticut’s Norwalk River Valley, Wilton is immediately accessible from Routes 7, 33, 106 and 107. The 10 Westport Road property is a two-story, Class-A office center, totaling approximately 199,000 square feet of prime executive office space, with floor sizes ranging from 27,924 to 100,000 square feet. Parking, executive dining rooms, meeting rooms and a cafeteria are on-site. Comprised of three connected glass-and-steel structures and a unique greenhouse corridor, glass exterior walls provide panoramic views of undisturbed woodlands.
The 57-wooded-acre site also includes the 340,000-square-foot, three-story Class-A office center 20 Westport Road Building features range from state-of-the-art building systems to highly efficient floor plates. Tenant facilities include parking, cafeteria with an outdoor deck, conference center, fitness center and a jogging trail.
“As one of the nation’s most affluent small communities in the United States, Wilton’s suburban office market continues to attract many Fortune 500 corporations,” explained Greg Smith, JRT Realty’s executive vice president and a member of the JRT/Cushman & Wakefield broker team. “The region is extremely accessible to key business and financial markets, including Manhattan and nearby Stamford.”
Just minutes from Interstates 84 and 95 as well as Route 15, Midtown Manhattan is 55 miles from Wilton, which also is within easy driving distance of Westchester County, N.Y. The main commuter rail link is the New Haven Line Danbury branch of Metro-North Railroad, and area airports include Bradley International in Hartford; LaGuardia and John F. Kennedy in New York City, approximately 70 minutes away; and Westchester County Airport in Harrison, N.Y.
JRT Realty is certified as a Minority and Woman-Owned Business Enterprise (M/WBE) by the Women’s Business Enterprise National Council (WBENC), Women Presidents’ Educational Organization (WPEO), National Minority Business Council (NMBC), New York City Department of Small Business, New York State and the Port Authority of New York and New Jersey.
TIAA-CREF is a national financial services organization with more than $406 billion in combined assets under management and the leading provider of retirement services in the academic, research, medical, philanthropic and cultural fields. With an approximate $68 billion global portfolio of direct and indirect investments, TIAA-CREF is one of the largest institutional real estate investors in the nation. TIAA-CREF Global Real Estate, through the accounts they manage directly, own over $20 billion in real estate assets made up of primarily high quality properties in the office, retail, industrial, and multi-family sectors. Investments are both domestic – covering more than 40 states and the District of Columbia – and foreign – in Canada and Western Europe.
About JRT Realty Group
JRT Realty Group is a certified Minority and Woman-Owned Business Enterprise (M/WBE). With national, corporate real estate services, the company specializes in strategic planning, corporate real estate portfolio management, tenant representation, leasing and property marketing, financing and investment sales. The company has a strategic alliance with Cushman & Wakefield, a leading global commercial real estate firm. Founded in 1996, the firm is a certified M/WBE with many corporations as well as state and city governments across the nation and is nationally certified with WBENC (Women Business Enterprise National Council) and The National Minority Business Council, Inc. It has earned a number of prestigious industry awards including the 2002 National Minority Business Council's Outstanding Business of the Year. To find out more about JRT Realty Group, visit the Web site at www.jrtrealty.com.
About Cushman & Wakefield
Founded in New York City in 1917, Cushman & Wakefield is the largest New York-based commercial real estate firm and the preeminent global real estate services provider. From its Midtown Manhattan world headquarters, the firm operates more than 195 offices in 55 countries around the globe and employs more than 11,000 professionals. In addition to office brokerage, Cushman & Wakefield maintains one of the industry’s strongest retail services groups. The firm is New York City’s largest property manager, with more than 52 million square feet of property under management through its Asset Services division. The company is a leader in investment sales, valuation, research and other advisory services, available through the company’s Corporate Services group or directly through the firm’s Advisory Group. To find out more about Cushman & Wakefield, visit the firm’s web site at www.cushwake.com.
Evelyn Weiss Francisco