November 27, 2017 Comments Off on $100M Financing Arranged for Clarion Norwalk, CT Asset Views: 2317 Connecticut, National News, Northeast

$100M Financing Arranged for Clarion Norwalk, CT Asset

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.

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