Class A Office Building Lands 173 KSF Tenant in CT

By Beata Lorincz

FactSet, a financial data and analytics provider, has signed a 173,000-square-foot lease in a Class A office building in Norwalk, Conn., relocating its global headquarters from the adjacent Merritt 7 Office Complex. The property, encompassing a total of 264,500 square feet, is owned by Building and Land Technology (BLT).

Located at 45 Glover Ave., the site is part of The Towers at Merritt River, a three-building, premier office campus. The property is adjacent to the Merritt 7 Metro Station and routes 7 and 15, while Interstate 95 is a seven-minute drive away. Its high visibility due to an elevated hill-top position, which provides a good branding opportunity, while proximity to the Norwalk retail corridor ensures access to various shopping, dining and hospitality options.

Full occupancy

FactSet joined the corporate campus’ tenant list—comprising GE, Diageo and Bridgewater Associates—bringing the office park’s occupancy to 100 percent. The Towers at Merritt River features best-in-class amenities, such as:

• cafeteria
• conference center
• fitness center
• lobby
• outdoor patios
• landscaped courtyards and terraces
• helipad
• on-site parking

Newmark Knight Frank’s team of Senior Managing Director Tim Rorick and Managing Director Torey Walsh represented the owner, while Colliers International Vice Chairman of Eastern Regions Joseph Cabrera and Executive Managing Director Michael Gordon worked on behalf of the lessee.

BLT is currently building a mixed-use development adjacent to The Towers campus, which will feature more than 1,000 residential units, biking trails and new infrastructure.

“The central location, amenitized environment and opportunity for highly visible branding at 45 Glover Avenue offered everything that FactSet was seeking in its new headquarters,” said Carl Kuehner, chairman of BLT, in a prepared statement.

Image courtesy of Yardi Matrix