November 27, 2017
A separate account managed by Clarion Partners secured $100 million in financing for Merritt 7, a six-building, 1.4-million-square-foot, Class A office park in Norwalk, CT. HFF worked on behalf of the borrower to secure the five-year, fixed-rate loan through a correspondent life company.
Situated on 22 acres along the Norwalk River on Route 7, the property features on-site amenities such as shuttle service to the Merritt 7 Metro-North Railroad Station, a state-of-the-art fitness center, conference centers, car care, two full-service cafeterias, Starbucks and a unisex salon. The buildings are 97% leased to a diverse tenant roster, including General Electric, Factset Research Systems, Datto and Frontier Communications.
HFF’s Riaz Cassum and Lauren O’Neil represented the New York borrower.
For comments, questions or concerns, please contact Dennis Kaiser