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5 Greenwich Office Park

Industrious Signs Long-Term Lease For 17773 Square Feet At 5 Greenwich Office Park
LEASEDOffice

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:

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

Steve Baker

Cushman & Wakefield

Broker

2 deals

Broker
CBRE
CBREBrokerage
I
IndustriousTenant

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