Newmark Brokers 23,248-Square-Foot Lease-Up at 777 West Putnam Avenue, Bringing Greenwich Office to Full Occupancy

Newmark has arranged 23,248 square feet of office leases at 777 West Putnam Avenue in Greenwich, Connecticut, bringing the 134,000-square-foot Class A office property to 100% occupancy, the firm announced July 20, 2026. Owner Shelbourne secured long-term commitments from four tenants — Knighthead Funding, Knighthead Life Insurance, Wexford Capital and Deccan Capital — spanning new leases, renewals and expansions.

Lease Details: Knighthead, Wexford Capital and Deccan Capital Drive Activity

The leasing activity encompasses four separate transactions across the building's first and third floors. Knighthead Funding completed a long-term renewal and expansion totaling 13,759 square feet on the third floor, enlarging its Connecticut headquarters footprint. Knighthead Life Insurance signed a long-term 3,718-square-foot lease on the third floor, relocating to 777 West Putnam Avenue. Wexford Capital completed a long-term 3,590-square-foot renewal on the first floor, while Deccan Capital signed a long-term 2,181-square-foot new lease on the third floor, also relocating to the property.

Newmark Senior Managing Director Benjamin Goldstein served as exclusive leasing agent for the property, representing Shelbourne in all negotiations.

"Reaching full occupancy at 777 West Putnam reflects Shelbourne's successful execution of a comprehensive repositioning strategy," said Goldstein. "Ownership's commitment to enhancing the tenant experience through targeted capital improvements, hands-on management and best-in-class amenities has solidified the property's position as a premier office destination in Greenwich."

Repositioned Asset Anchored by Financial and Corporate Tenants

Originally constructed in 1976, 777 West Putnam Avenue formerly served as the headquarters of Nestlé Waters North America. Shelbourne undertook a comprehensive repositioning that introduced a new lobby and reception area, upgraded security and tenant management systems, enhanced common areas, a café offering and an outdoor patio.

The building is anchored by Marc Fisher Footwear, Richman Group, Knighthead Funding LLC and Stark Office Suites. The current leasing round adds Knighthead Life Insurance and Deccan Capital as new tenants, while retaining Wexford Capital through a long-term renewal.

Fairfield County Office Market Sees Elevated Demand for Class A Space

The full occupancy milestone at 777 West Putnam arrives as leasing activity across Fairfield County has accelerated. According to Newmark Research, leasing volume in the county reached approximately 780,000 square feet during the first quarter of 2026, exceeding both prior-year levels and the market's long-term average. Demand has concentrated in high-quality, amenity-rich Class A properties as tenants prioritize workplace experience, accessibility and talent attraction, the firm noted.

Fairfield County, which encompasses Greenwich, is characterized as one of the nation's most affluent suburban markets and a key extension of the New York metropolitan area. The property offers direct access to Interstate 95 and Metro-North Railroad service via the Greenwich and Port Chester stations, providing tenants with access to both Connecticut and New York City.

About the Parties

Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate services firm that generated revenues of more than $3.4 billion for the twelve months ended March 31, 2026, and operates from over 185 offices with more than 9,600 professionals across four continents. Shelbourne served as the property owner and sponsor in the transactions. Knighthead Funding, Knighthead Life Insurance, Wexford Capital and Deccan Capital are the tenants party to the leases announced July 20, 2026.

Sources: Newmark Press Release — 777 West Putnam Avenue Achieves 100% Occupancy Following 23,000 Square Feet of Leasing Activity (July 20, 2026)