{"id":1004197759,"date":"2017-11-21T06:15:28","date_gmt":"2017-11-21T14:15:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197759"},"modified":"2022-12-08T20:25:43","modified_gmt":"2022-12-09T04:25:43","slug":"hff-arranges-100m-for-ct-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-100m-for-ct-office-park\/","title":{"rendered":"HFF Arranges $100M for CT Office Park"},"content":{"rendered":"<p><em>By IvyLee Rosario<\/em><\/p>\n<div id=\"attachment_1004197761\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Merritt-7.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004197761\" data-attachment-id=\"1004197761\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-100m-for-ct-office-park\/merritt-7-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Merritt-7.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;FC350&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1466936427&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;3.61&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.00125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Merritt 7\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Merritt 7&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Merritt-7.jpg?w=800\" class=\"wp-image-1004197761 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Merritt-7.jpg\" alt=\"Merritt 7\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Merritt-7.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Merritt-7.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Merritt-7.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004197761\" class=\"wp-caption-text\">Merritt 7 aerial view<\/p><\/div>\n<p>Clarion Partners secured $100 million in financing for Merritt 7, a six-building, Class A office park in Norwalk, Conn. HFF arranged the five-year, fixed-rate loan through a correspondent life company.\u00a0<\/p>\n<p>Merritt 7 comprises 1.4 million square feet along Route 7, less than one-half mile north of its intersection with the Merritt Parkway\/Route 15 and less than three miles north of Interstate 95. The 22-acre asset is situated along the Norwalk River and is 97 percent leased to a variety of tenants including General Electric, Factset Research Systems, Datto and Frontier Communications. The property features on-site amenities such as:\u00a0<\/p>\n<ul>\n<li>shuttle service<\/li>\n<li>state-of-the-art fitness center<\/li>\n<li>conference centers<\/li>\n<li>car care<\/li>\n<li>two full-service cafeterias<\/li>\n<li>Starbucks<\/li>\n<li>unisex salon\u00a0<\/li>\n<\/ul>\n<p>Senior Managing Director Riaz Cassum and Senior Director Lauren O&#8217;Neil represented the borrower. HFF and Clarion Partners teamed up last month to secure $105 million in financing for\u00a0The Brickyard, a Class A <a href=\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lands-105m-for-la-industrial-facility\/\">industrial facility in Compton<\/a>, Calif.\u00a0<\/p>\n<p><em>\u201cMerritt 7 is a premier asset that has been continuously upgraded and maintained in a first class manner by Clarion and their separate account partner,&#8221;<\/em> Cassum told <em>Commercial Property Executive. &#8220;The asset was very well received by the market and the ultimate financing will contribute towards its continued success.\u201d<\/em><\/p>\n<p><em>Image courtesy of HFF\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company arranged the five-year, fixed-rate loan on behalf of Clarion Partners for Merritt 7, a six-building, 1.4 million-square-foot office park located in Norwalk. <\/p>\n","protected":false},"author":746,"featured_media":1004197761,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,1600,21742,10,21747],"tags":[32790,32792,38394],"class_list":["post-1004197759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-new-york","category-latest","category-northeast","category-office","tag-clarion-partners","tag-hff","tag-riaz-cassum"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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