Key Takeaways
- • Balyasny Asset Management has leased 10,464 square feet on the seventh floor of 2187 Atlantic Street in Stamford, Connecticut, marking the hedge fund's first office location in Stamford while maintaining its existing 25,000-square-foot Greenwich presence and expanded New York City space.
- • The property, a newly renovated 110,000-square-foot Class A office building in Harbor Point, has achieved 87% occupancy since January 2023 with six new leases and one renewal signed, demonstrating strong tenant demand in the market.
- • Newmark Executive Managing Director Cory Gubner and Managing Director Benjamin Goldstein represented the landlord (2187 Atlantic St. LLC) as exclusive leasing agents, with the deal reflecting broader trends of financial services expansion in the Connecticut corridor.
- • Fairfield County has attracted at least 90 new tenants from outside the region since 2020, with more than 65 concentrated in financial services, underscoring the area's strategic appeal for hedge funds and asset managers seeking talent, accessibility, and modern office environments.
- • The building's proximity to commuter rail (53-minute access to New York City) and amenities including fitness facilities and shuttle service position Stamford as a competitive alternative to traditional financial centers.
Summary
Newmark has facilitated Balyasny Asset Management's expansion into Stamford, Connecticut with a new 10,464-square-foot office lease at 2187 Atlantic Street. The hedge fund, led by Dmitry Balyasny, will occupy the seventh floor of the newly renovated Class A property located in Harbor Point. This transaction represents Balyasny's first Stamford location while the firm continues to maintain approximately 25,000 square feet in Greenwich and operations in New York City.
The deal underscores a sustained trend of financial services migration to Fairfield County. According to Newmark Research, the region has recruited at least 90 new tenants from outside the county since 2020, with over 65 concentrated in the financial services sector. Managing Director Benjamin Goldstein noted that the combination of accessibility, modern office infrastructure, lifestyle amenities, and local talent pools continues to attract top-tier institutional tenants to the area. The Harbor Point location specifically offers advantages including proximity to mass transit—with a 53-minute commute to New York City via shuttle service to the nearest train station—along with onsite fitness facilities.
The 110,000-square-foot building has demonstrated strong leasing momentum, reaching 87% occupancy since its renovation was completed. Since January 2023, the property has signed six new leases and one renewal, reflecting robust demand for premium office space in the corridor. Newmark Executive Managing Director Cory Gubner and Managing Director Benjamin Goldstein served as exclusive leasing agents representing the landlord, 2187 Atlantic St. LLC, in negotiations with Balyasny. This transaction aligns with the broader institutional repositioning of Connecticut's office market toward high-quality, amenity-rich properties capable of competing for sophisticated financial services tenants previously concentrated in Manhattan.
The deal underscores a sustained trend of financial services migration to Fairfield County. According to Newmark Research, the region has recruited at least 90 new tenants from outside the county since 2020, with over 65 concentrated in the financial services sector. Managing Director Benjamin Goldstein noted that the combination of accessibility, modern office infrastructure, lifestyle amenities, and local talent pools continues to attract top-tier institutional tenants to the area. The Harbor Point location specifically offers advantages including proximity to mass transit—with a 53-minute commute to New York City via shuttle service to the nearest train station—along with onsite fitness facilities.
The 110,000-square-foot building has demonstrated strong leasing momentum, reaching 87% occupancy since its renovation was completed. Since January 2023, the property has signed six new leases and one renewal, reflecting robust demand for premium office space in the corridor. Newmark Executive Managing Director Cory Gubner and Managing Director Benjamin Goldstein served as exclusive leasing agents representing the landlord, 2187 Atlantic St. LLC, in negotiations with Balyasny. This transaction aligns with the broader institutional repositioning of Connecticut's office market toward high-quality, amenity-rich properties capable of competing for sophisticated financial services tenants previously concentrated in Manhattan.
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