Real Estate Weekly
Image default
Deals & DealmakersFeatured

Digital Currency Group to relocate from Manhattan to Stamford

Rubenstein Partners, L.P., and George Comfort & Sons, Inc. jointly announced today the completion of a new lease with Digital Currency Group at Shippan Landing, an office complex located at Stamford Harbor.

Digital Currency Group, a leading investor in bitcoin and blockchain technology companies, signed a 12-year lease to occupy over 90,000 s/f across the entire 4th and 5th floors at 290 Harbor Drive.  The company will relocate from 250 Park Avenue South in Manhattan and expects to occupy the new headquarters in late 2022. The Connecticut Department of Economic and Community Development (DECD) is supporting the project by providing a grant in arrears up to $5,011,800, contingent on the company creating and retaining more than 300 new full-time jobs.

“Attracting new investment and job creation opportunities to Connecticut is a top priority for our administration and today’s announcement is another indication that we are seeing results,” said Governor Ned Lamont. “Digital Currency Group’s decision to relocate their headquarters here is the latest example of how Connecticut is the ideal location for leading-edge companies that are focused on business growth.”

290 Harbor Drive

“We’re proud of the transformation of Shippan Landing, and we believe the arrival of Digital Currency Group shows that the property’s new, one-of-a-kind indoor and outdoor amenity offering, incredible views, and waterfront access are meeting the demands of tenants seeking top-quality space in a differentiated, activated campus setting,” said Joseph Zuber, Co-Head of Northeast Region at Rubenstein Partners. 

Owned by a joint venture comprised of a Rubenstein affiliate and George Comfort, Shippan Landing consists of six buildings of Class-A office space situated on 17 acres at the Stamford Harbor waterfront.  Situated on a peninsula overlooking Long Island Sound and Stamford Harbor, the complex recently underwent a complete reimagining to provide tenants with a contemporary and collaborative environment.

“Shippan Landing has always been special, and the work that has been done to improve the spaces and provide new, top-of-the-line amenities has only made it more so,” said Peter S. Duncan, President and CEO of George Comfort & Sons. “This agreement is a great indication that the office market is showing strength heading into next year.”

“I am excited to see Digital Currency Group come to Stamford and I know that the company has found the right city and state to grow its business” said Thomas Madden, Commissioner of Economic Development for the City of Stamford, Connecticut. “It has been a team effort between the State DECD, Advance CT, the city of Stamford, Rubenstein Partners and George Comfort & Sons to bring DCG here and look forward to watching the company grow in Stamford.”

“Cryptocurrencies like bitcoin are the new frontier for financial investing, and DCG is at the forefront of this burgeoning sector,” DECD Commissioner David Lehman and Peter Denious, president and CEO of the nonprofit organization AdvanceCT, said. “Connecticut is a great fit for dynamic investment firms like DCG that are disrupting the marketplace and showing great growth potential over the long-term.”

In addition to the businesses that are relocating to Connecticut, DCG also owns and operates CoinDesk (the industry’s leading media, research, and events platform), Genesis (an institutional lending and brokerage firm), Foundry (a financing and advisory company focused on digital asset mining and staking), and Luno (a leading global digital asset exchange and wallet).

Digital Currency group was represented by Michael Mathias of Savills.  Ownership was represented in-house by Mr. Duncan and Dana Pike, as well as by Trip Hoffman, Mike Norris and Adam Klimek of Cushman & Wakefield.

Related posts

RXR and Partners Announce $261 Million Preferred Equity Investment For Class-A NYC Multifamily Portfolio


Jonathan Landau Launches New Real Estate Venture, Landau Properties, Announces First Project in Miami


Tulfra secures $34.8m Construction Loan with Provident Bank for 160-unit Luxury Apartment Community in Rochelle Park