Industrious Signs Long-Term Lease For 17773 Square Feet At 5 Greenwich Office Park
5 Greenwich Office Park
Building Size
17,773 SF
Asset Type
Office
Closing
Oct 17, 2025
AI
5 Greenwich Office Park, located in Greenwich, CT, is an office asset encompassing 17,773 square feet. The transaction marks a significant lease agreement for the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 5 Greenwich Office Park
- Market: Greenwich, CT
- Square Footage: 17,773
- Landlord: Fareri Associates
- Tenant: Industrious
- Landlord's Representative: David Block - CBRE
- Tenant's Representatives: Justin Halpern, Steve Baker, Edward Wartels & Ben Bouganim - Cushman & Wakefield
Industrious has entered into a long-term lease agreement, marking its inaugural location in Greenwich, Connecticut. The deal was facilitated by David Block from CBRE representing the landlord, while representatives from Cushman & Wakefield, including Justin Halpern, Steve Baker, Edward Wartels, and Benjamin Bouganim, represented the tenant.
Players
Greenwich Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93