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Compass

COMPASS REAL ESTATE NOW OPEN IN THE RYE RIDGE SHOPPING CENTER

138A South Ridge Street
Rye Brook NY 10573
914.223.7623
website https://www.compass.com/
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compasslogo

March 12, 2019 – Rye Brook NY, – Rye Ridge Shopping Center, Plaza and South are excited to announce that Compass, a residential real estate office, has signed a long term lease for 1410 square feet in the Shopping Center. Compass is located adjacent ZLife.

Compass, originally, was a real estate technology company, founded in 2012 and headquartered in New York City. Since its inception the company has experienced tremendous growth spurred by massive cash investments and in 2014 announced they would enter the real estate business contracting independent real estate agents and taking a cut of the commission. Currently they operate out of 19 major markets and announced in 2018 that they plan to go international. In 2018, after a $400 million investment the company had a valuation of $4.4 billion.

Erin Hinchey, Leasing Agent for the shopping center had this to say: “We always thought a residential real estate office would fit nicely here. Since Rye Brook has no “downtown” we are literally it. They understand the exposure they will have here and the ease of convenience in parking and food choices. We very much look forward to their opening”.