Building and Land Technology announced 68,500 s/f of office leasing activity at Merritt on the River, a 225,000 s/f fully renovated and historic office building located along the Norwalk River at 20 Glover Avenue in Norwalk, Connecticut.
The leases were announced by Carl R. Kuehner III, CEO of Building and Land Technology.
The leases follow the implementation of an improvement program at the building that will see upgrades to the entrance canopy and main lobby, resurfacing of on-grade parking and a refurbished on-site café with FLIK International as the new operator.
The building continues to provide on-site security 24/7 and its location along the popular Route 7 corridor allows access to major highways, routes and Metro North as well as hotels, day care and restaurants.
Rocaton Investment Advisors, an investment advisory firm, signed a new lease for 21,228 s/f and will be relocating from Merritt 7 Corporate Park to Merritt on the River this fall.
Rocaton was represented in the lease by JLL brokers Ed Tonnessen and Ethan Rice.
Also relocating to Merritt on the River will be Wilton Re, a provider of life insurance and life insurance products, which signed a new lease for 21,480 s/f of space.
The company was represented in its move from 187 Danbury Road in Wilton by Cushman & Wakefield brokers Kevin Foley and William Montague.
Merritt on the River’s existing tenant Aetna, a managed health care company, relocated and renewed its lease for 5,934 s/f in a deal arranged by JLL brokers Paul Tortora and William Fitzgerald.
And, McKesson Health Solutions also renewed its lease for 10,859 square feet in a deal in which the tenant was represented by CBRE broker Kevin McCarthy.
“This is an extremely sought-after building and area, as demonstrated not only by these leases but also by the soon-to-be grand opening of our apartments at 1 Glover Avenue. Both are within walking distance of the Metro North Danbury line, located in Norwalk’s bustling commercial hub,” said Kuehner.
“We’re pleased to welcome these new tenants, and happy that several existing tenants chose to stay.”
Adjacent to 20 Glover Avenue, and part of the Merritt on the River complex, is 10 Glover Avenue, a 10,000 s/f free-standing building that is available immediately for office or medical use.